Common use of Incentive Compensation Bonus Clause in Contracts

Incentive Compensation Bonus. In addition to the Base Salary, each year during the Term the Company will pay to the Executive the incentive compensation bonus, if any, that is payable pursuant to any Incentive Plan in effect for such year that may be adopted by the Board of Directors of the Company or the Compensation Committee and agreed to by the Executive with respect to the particular fiscal year of the Company, (an “Incentive Bonus”) in accordance with and pursuant to the terms of the Incentive Plan. The Incentive Bonus, if any, may be modified, changed or terminated at anytime or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the particular Incentive Plan.

Appears in 9 contracts

Samples: Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc)

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Incentive Compensation Bonus. In addition to the Base Salary, each year during the Term the Company will pay to the Executive the incentive compensation bonus, if any, that is payable pursuant to any a Management Incentive Plan (“Incentive Plan”) in effect for such year that may be adopted by the Board of Directors of the Company or the Compensation Committee and agreed to by the Executive with respect to the particular fiscal year of the Company, (an “Incentive Bonus”) in accordance with and pursuant to the terms of the Incentive Plan. The Incentive Bonus, if any, may be modified, changed or terminated at anytime or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the particular Incentive Plan.

Appears in 8 contracts

Samples: Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc)

Incentive Compensation Bonus. In addition to the Base Salary, each year during the Term the Company will pay to the Executive the incentive compensation bonus, if any, that is payable pursuant to any a Management Incentive Plan (“Incentive Plan”) in effect for such year that may be adopted by the Board of Directors of the Company or the Compensation Committee and agreed to by the Executive with respect to the particular fiscal year of the Company, (an “Incentive Bonus”) in accordance with and pursuant to the terms of the Incentive Plan. The Incentive Bonus, if any, may be modified, changed or terminated at anytime any time or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the particular Incentive Plan.

Appears in 5 contracts

Samples: Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc), Employment Agreement (Perma Fix Environmental Services Inc)

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Incentive Compensation Bonus. In addition to the Base Salary, each year during the Term the Company will pay to the Executive the incentive compensation bonus, if any, that is payable pursuant to any Incentive Plan in effect for such year that may be adopted by the Board of Directors of the Company or the Compensation Committee and agreed to by the Executive with respect to the particular fiscal year of the Company, (an “Incentive Bonus”) in accordance with and pursuant to the terms of the Incentive Plan. The Incentive Bonus, if any, may be modified, changed or terminated at anytime any time or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the particular Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Perma Fix Environmental Services Inc)

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