Common use of Incentive Compensation Plans Clause in Contracts

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn up to twenty percent (20%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 2 contracts

Samples: Employment Agreement (Radiance Medical Systems Inc /De/), Employment Agreement (Radiance Medical Systems Inc /De/)

AutoNDA by SimpleDocs

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn a bonus of up to twenty thirty percent (2030%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 2 contracts

Samples: License Agreement, Employment Agreement (Radiance Medical Systems Inc /De/)

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn up to twenty thirty percent (2030%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 1 contract

Samples: Employment Agreement (Radiance Medical Systems Inc /De/)

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn up to twenty thirty-five percent (2035%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 1 contract

Samples: Employment Agreement (Radiance Medical Systems Inc /De/)

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to a bonus of $7,000 for 1999 and shall thereafter be entitled to earn up to twenty twenty-five percent (2025%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 1 contract

Samples: Employment Agreement (Radiance Medical Systems Inc /De/)

AutoNDA by SimpleDocs

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn a bonus of up to twenty twenty-five percent (2025%) of his Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 1 contract

Samples: Employment Agreement (Radiance Medical Systems Inc /De/)

Incentive Compensation Plans. In addition to the Base Salary, Executive shall be eligible to participate in management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms similar to those afforded to other management employees holding positions with the Company. In addition to the Base Salary, the Executive shall be entitled to earn up to twenty percent (20%) of his her Base Salary as incentive compensation. All amounts to which the Executive may be entitled under any incentive compensation plans shall be subject to the provisions, rules and regulations of any such plan which apply to other management employees.

Appears in 1 contract

Samples: Employment Agreement (Radiance Medical Systems Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!