Obligation to Pay Incentive Bonus. Employee shall be eligible to receive as additional compensation, 30 days after the day the Board of Directors approves interim financial statements for the last-ended Fiscal Year, 1% of the issued and outstanding shares of the Company if the gross revenues exceeds $10,000,000 for the year ending October 1, 2003, a 20% increase over the previous years gross revenue in the year ending October 1, 2004 and a 10% increase for each year after that. (the "Incentive Bonus").
Appears in 5 contracts
Samples: Employment Agreement (Americabilia Com Inc), Employment Agreement (Americabilia Com Inc), Employment Agreement (Americabilia Com Inc)
