Common use of Incentive Program Clause in Contracts

Incentive Program. Employee shall also receive as an additional incentive at the end of each of Employer’s fiscal years during the duration of this Agreement, an annual bonus, to be computed within 30 days following delivery to Employer of audited annual financial statements by its independent auditors, which shall be payable 50% in cash and 50% in Common Stock Purchase Options to purchase Shares of SBSI’s common stock as hereinafter provided. The number of such Warrants, and the exercise price thereof shall be determined as follows:

Appears in 4 contracts

Samples: Employment Agreement (Mojo Ventures, Inc), Agreement (Mojo Ventures, Inc), Employment Agreement (Mojo Ventures, Inc)

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