Common use of Management Bonus Clause in Contracts

Management Bonus. With respect to each calendar year during the Term, Executive shall be entitled to receive a bonus pursuant to the terms of the then-current Xxxxxxx Network Executive Management Bonus Plan (“Management Bonus”) and such other incentive compensation as Executive may be eligible to receive under benefit plans maintained by the Company from time to time. The Management Bonus shall be paid in accordance with the timing of the Company’s payment of bonuses to its other senior executives for the corresponding period, and in accordance with the Company’s other policies and procedures relating to bonus compensation; provided, however, that such Management Bonus shall in all events be paid in the year after the year in which the Management Bonus was earned as provided under the Xxxxxxx Network Executive Management Bonus Plan.

Appears in 2 contracts

Samples: Executive Employment Agreement (Goodman Networks Inc), Executive Employment Agreement (Goodman Networks Inc)

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Management Bonus. With respect to each calendar year during the Term, Executive shall be entitled to receive a bonus pursuant to the terms of the then-then current Xxxxxxx Network Executive Management Bonus Plan (“Management Bonus”) and such other incentive compensation as Executive may be eligible to receive under benefit plans maintained by the Company from time to time. The Management Bonus shall be paid in accordance with the timing of the Company’s payment of bonuses to its other senior executives for the corresponding period, and in accordance with the Company’s other policies and procedures relating to bonus compensation; provided, however, that such Management Bonus shall in all events be paid in the year after the year in which the Management Bonus was earned as provided under the Xxxxxxx Network Executive Management Bonus Plan; provided, further, that no Management Bonus shall be paid to Executive during the Restructuring Support Period (as defined in the RSA).

Appears in 2 contracts

Samples: Restructuring Support and Forbearance Agreement, Restructuring Support and Forbearance Agreement (Goodman Networks Inc)

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