Incentive Plan. The executive shall be covered by the cash bonus plan and shall be afforded the opportunity thereunder to receive a target award of 25% of annual base salary payable in cash and a target award of 25% of annual base salary payable in Company Common Stock or options below, to be awarded upon the achievement of reasonable performance goals; provided that the Company may from time to time change the Program or institute a successor to the Program, so long as the Executive continues to be eligible to receive bonus awards of percentages of annual base salary in amounts at least equal to those specified as in effect on the date hereof.
Appears in 5 contracts
Samples: Consulting Agreement (Carbon Credits International, Inc.), Consulting Agreement (Carbon Credits International, Inc.), Consulting Agreement (Carbon Credits International, Inc.)
Incentive Plan. The executive shall be covered by the cash bonus plan currently maintained by the Company and shall be afforded the opportunity thereunder to receive a target award of 2510% of annual base salary payable in cash and a target award of 2510% of annual base salary payable in Company Common Stock or options belowStock, to be awarded upon the achievement of reasonable performance goals; provided that the Company may from time to time change the Program or institute a successor to the Program, so long as the Executive continues to be eligible to receive bonus awards of percentages of annual base salary in amounts at least equal to those specified as in effect on the date hereof.
Appears in 3 contracts
Samples: Employment Agreement (Oxford Ventures Inc), Employment Agreement (Uluru Inc.), Employment Agreement (Oxford Ventures Inc)
Incentive Plan. The executive Executive shall be covered by the cash bonus plan currently maintained by the Company and shall be afforded the opportunity thereunder to receive a target award of 2517.5% of annual base salary payable in cash and a target award of 2517.5% of annual base salary payable in Company Common Stock or options belowStock, to be awarded upon the achievement of reasonable performance goals; provided that the Company may from time to time change the Program or institute a successor to the Program, so long as the Executive continues to be eligible to receive bonus awards of percentages of annual base salary in amounts at least equal to those specified as in effect on the date hereof.
Appears in 1 contract
Samples: Employment Agreement (Uluru Inc.)
Incentive Plan. The executive shall be covered by the cash bonus plan currently maintained by the Company and shall be afforded the opportunity thereunder to receive a target award of 25% of annual base salary payable in cash and a target award of 25% of annual base salary payable in Company Common Stock or options belowStock, to be awarded upon the achievement of reasonable performance goals; provided that the Company may from time to time change the Program or institute a successor to the Program, so long as the Executive continues to be eligible to receive bonus awards of percentages of annual base salary in amounts at least equal to those specified as in effect on the date hereof.
Appears in 1 contract
