Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to a maximum of 50% of his Salary based upon the performance of the duties set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company). Such bonus shall be paid annually within 30 days after the completion of the Company's audited financial statements for each year. Executive shall also be eligible to receive from Company such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Allis Chalmers Corp)
Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to a maximum of 50% of his Salary based upon the performance achievement of the duties goals set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company). Such bonus shall be paid annually within 30 days after the completion of the Company's audited financial statements for each year. Executive shall also be eligible to receive from Company such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Allis Chalmers Corp)
Management Incentive Bonus. Executive shall be entitled to receive a cash bonus equal to a maximum of 50% of his Salary based upon the performance of the duties set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company)on an annual basis. Such bonus shall be paid annually within 30 days after the completion of the Company's ’s audited financial statements for each year. Executive shall also be eligible to receive from Company such additional annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.)
Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to a maximum of 50% of his Salary based upon the performance achievement of the duties set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company)certain goals. Such bonus shall be paid annually within 30 days after the completion of the Company's ’s audited financial statements for each year. Executive shall also be eligible to receive from Company such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.)
Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to a maximum of 50% of his Salary based upon the performance achievement of the duties goals set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company). Such bonus shall be paid annually within 30 days after the completion of the Company's ’s audited financial statements for each year. Executive shall also be eligible to receive from Company such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Allis Chalmers Energy Inc.)