Net Profits Bonus. During the Term, the Employee shall receive a bonus based on the “Company’s Net Profits,” defined as the Company’s net income, after taxes, as determined in accordance with Generally Accepted Accounting Principles (GAAP), (the “Net Profits Bonus”), as described below.
Appears in 7 contracts
Samples: Employment Agreement, Form of Employment Agreement (American Telecom Services Inc), Employment Agreement (American Telecom Services Inc)