Common use of Payment of Annual Bonus Clause in Contracts

Payment of Annual Bonus. Executive’s Annual Bonus for each fiscal year shall be determined as soon as practicable following the end of each fiscal year, but in no event later than sixty (60) days following the end of each fiscal year. Any Annual Bonus due to Executive shall be paid promptly upon its final determination. TCPW shall cause and arrange to provide Executive with an annual statement showing the manner in which the Annual Bonus was calculated.

Appears in 2 contracts

Samples: Executive Employment Agreement (Tech Power, Inc.), Executive Employment Agreement (Tech Power, Inc.)

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Payment of Annual Bonus. Executive’s 's Annual Bonus for each fiscal year shall be determined as soon as practicable following the end of each fiscal year, but in no event later than sixty (60) days following the end of each fiscal year. Any Annual Bonus due to Executive shall be paid promptly upon its final determination. TCPW UBDE shall cause and arrange to provide Executive with an annual statement showing the manner in which the Annual Bonus was calculated.

Appears in 1 contract

Samples: Executive Employment Agreement (Us Biodefense Inc)

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Payment of Annual Bonus. Executive’s 's Annual Bonus for each fiscal year shall be determined as soon as practicable following the end of each fiscal year, but in no event later than sixty (60) days following the end of each fiscal year. Any Annual Bonus due to Executive shall be paid promptly upon its final determination. TCPW FTSA shall cause and arrange to provide Executive with an annual statement showing the manner in which the Annual Bonus was calculated.

Appears in 1 contract

Samples: Employment Agreement (FTS Apparel Inc)

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