Common use of Performance Based Incentive Compensation Clause in Contracts

Performance Based Incentive Compensation. Corporation may provide Employee with incentive compensation in the form of cash and/or stock bonuses during the term of this Agreement. The amount of such bonuses shall be determined by the Board or a Compensation Committee thereof taking into consideration the growth and profitability of Corporation, the relative contribution by Employee to the business of Corporation, the economy in general, and such other factors as the Board or Compensation Committee deems relevant. All of these factors shall be set forth in a bonus plan prepared by the Board with specifics as to the Employee attached as an addendum to this Agreement.

Appears in 6 contracts

Samples: Amended and Restated Employment Agreement (Leeway Services, Inc.), Employment Agreement (Leeway Services, Inc.), Amended and Restated Employment Agreement (Leeway Services, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.