Payment of Bonuses. The Company shall pay Employee the Bonuses due hereunder no later than March 15th of the year following the year in which it is earned, provided, however, that before the Company is obligated to make any payments of Bonuses under Paragraphs (b) or (c), the Company's Compensation Committee shall certify to the Board of Directors of the Company that the material terms and performance goals hereunder have been met, which determination shall be made by the Compensation Committee in its sole discretion.
Appears in 4 contracts
Samples: Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc), Employment Agreement (Seitel Inc)
