Profit/Loss Incentive Compensation Sample Clauses

Profit/Loss Incentive Compensation. You shall be entitled to receive Profit/Loss Incentive Compensation in the amount of $5,000 during the first year of this Agreement, in the event the Company achieves net operating losses of not more than $2,212,000 for the period commencing on January 1, 1996 and ending on December 31, 1996. Profit/Loss Incentive Compensation shall be paid within 90 days after the end of each fiscal year of the Company. Profit/Loss goals for fiscal year 1997 and thereafter shall be mutually agreed in good faith by you and the Chairman and CEO. EXHIBIT B OUTSIDE EMPLOYMENTS AND DIRECTORSHIPS OF Xxxxxx X. Xxxxxxx NONE EXHIBIT C ---------------------------------- CONFIDENTIAL INFORMATION AGREEMENT ---------------------------------- As of September 30, 1996 To: Nexar Technologies Incorporated The undersigned, in consideration of and as a condition of my employment or continued employment by you and/or by companies which you own, control, or are affiliated with or their successors in business (collectively, the "Company"), hereby agrees as follows:
Sample 1
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Profit/Loss Incentive Compensation. You shall be entitled to receive Profit/Loss Incentive Compensation in the amount of $10,000 during the first year of this Agreement, in the event the Company achieves net operating losses of not more than ($300,000) for the period commencing on ________ ___, 1995 and ending on December 31, 1995. Profit/Loss Incentive Compensation shall be paid within 90 days after the end of each fiscal year of the Company. Profit/Loss goals for fiscal year 1996 and thereafter shall be mutually agreed in good faith by you and the Chairman and President. EXHIBIT B OUTSIDE EMPLOYMENTS AND DIRECTORSHIPS OF James P. Lucivero NONE EXHIBIT C ---------------------------------- CONFIDENTIAL INFORMATION AGREEMENT ---------------------------------- As of ________ __, 1995 To: Dynasys Systems Corporation The undersigned, in consideration of and as a condition of my employment or continued employment by you and/or by companies which you own, control, or are affiliated with or their successors in business (collectively, the "Company"), hereby agrees as follows:
Sample 1
Profit/Loss Incentive Compensation. You shall be entitled to receive Profit/Loss Incentive Compensation in the amount of $15,000 during the first year of this Agreement, in the event Dynasys achieves net operating income in excess of $900,000 for the period commencing on August 1, 1995 and ending on December 31, 1995. Profit/Loss Incentive Compensation shall be paid within 90 days after the end of each fiscal year of Dynasys. Profit/Loss goals for fiscal year 1996 and thereafter shall be mutually agreed in good faith by you and the Chairman. EXHIBIT B OUTSIDE EMPLOYMENTS AND DIRECTORSHIPS OF Xxxxxx Xxxx
Sample 1

Related to Profit/Loss Incentive Compensation

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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