Common use of Incentive Compensation Bonus Clause in Contracts

Incentive Compensation Bonus. As further compensation, the Executive will be eligible to participate in the Company's Executive Incentive Plan approved by the Board of Directors and the bonus for which the Executive will be eligible under such plan will be 40% of the Executive's Base Salary. This plan may be altered, amended or terminated at any time in the discretion of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Firepond Inc), Employment Agreement (Firepond Inc)

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Incentive Compensation Bonus. As further compensation, the Executive will be eligible to participate in the Company's Executive Incentive Plan approved by the Board of Directors and the bonus for which the Executive will be eligible under such plan will be 40% of the Executive's Base Salary. This plan may be altered, amended or terminated at any time in the discretion of the Company. Any bonus payments to the Executive under such plan shall be approved by the Compensation Committee of the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Firepond Inc)

Incentive Compensation Bonus. As further compensation, the The Executive will be eligible to participate in the Company's Executive Incentive Plan approved by the Board Board, pursuant to the terms and conditions of Directors and the bonus for which the such plan. The Executive will shall be eligible under such plan will be 40for a bonus in the amount of 50% of the Executive's Base SalarySalary pursuant to objectives which will be approved by the Board. This plan If and to the extent obtained, such bonus shall be pro-rated for FY2004. Executive may be altered, amended or terminated at any eligible for additional incentive compensation from time to time in the discretion of the CompanyBoard.

Appears in 1 contract

Samples: Employment Agreement (Intelligroup Inc)

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Incentive Compensation Bonus. As further compensation, the The Executive will be eligible to participate in the Company's Executive Incentive Plan approved by the Board Board, pursuant to the terms and conditions of Directors and the bonus for which the such plan. The Executive will shall be eligible under such plan will be for a bonus in the amount of 40% of the Executive's Base SalarySalary pursuant to objectives which will be approved by the Board. This plan If and to the extent obtained, such bonus shall be paid in accordance with the terms of the plan. Executive may be altered, amended or terminated at any eligible for additional incentive compensation from time to time in the discretion of the Company.Board. Confidential Intelligroup, Inc.

Appears in 1 contract

Samples: Employment Agreement (Intelligroup Inc)

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