Common use of Operational Incentive Bonus Clause in Contracts

Operational Incentive Bonus. Employee shall be entitled to receive an operational incentive bonus equal to one (1%) percent of Employer’s adjusted gross revenues. For purposes hereof “adjusted gross income” shall be equal to gross revenues less cost of such generating revenues including general and administrative costs of SBSI. In the event that such number shall be a negative number then Employee shall not be entitled to any operational incentive bonus for such fiscal year;

Operational Incentive Bonus. Employee shall be entitled to receive an operational incentive bonus equal to one five (15%) percent of Employer’s adjusted gross revenues. For purposes hereof “adjusted gross income” shall be equal to gross revenues less cost of such generating revenues including general and administrative costs of SBSI. In the event that such number shall be a negative number then Employee shall not be entitled to any operational incentive bonus for such fiscal year;

Operational Incentive Bonus. Employee shall be entitled to receive an operational incentive bonus equal to one three (13%) percent of Employer’s adjusted gross revenues. For purposes purposes, hereof “adjusted gross income” shall be equal to gross revenues less cost of such generating revenues including general and administrative costs of SBSILBI. In the event that such number shall be a negative number then Employee shall not be entitled to any operational incentive bonus for such fiscal year;