Quarterly Bonus. The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.
Quarterly Bonus. The Executive shall be entitled to participate in a quarterly bonus program. The quarterly bonus program is described in Exhibit A.
Quarterly Bonus. The Executive shall be eligible to receive a quarterly bonus equal to 25% of the Company’s pre-bonus adjusted net after tax quarterly earnings in excess of $25,000 for a total quarterly bonus amount not to exceed $12,500. Adjustments to net after tax earnings shall be made to remove the impact of change in recognition of accumulated deferred tax asset value. For example, if the Company has quarterly adjusted net earnings equal to $60,000, the maximum quarterly bonus payable would be $8,750 (($60,000-$25,000) × 25%). Any bonus shall be payable as soon as the Company's cash flow permits.
Quarterly Bonus. Executive will be entitled to a cash bonus of $12,500 per calendar quarter (the "Quarterly Bonus") payable within ten (10) days after the end of each calendar quarter occurring during the term of this Agreement, subject to the achievement during each of such quarters of the management business objectives ("MBOs") pertaining to the Company's business described in Exhibit A to this Agreement. If this Agreement should be terminated prior to the expiration of its term, the Quarterly Bonus shall be prorated through the date of termination and paid within ten (10) days after such date of termination, subject to achievement of the MBOs applicable to the quarter in which such termination takes place.
Quarterly Bonus. In addition to the Base Salary, Executive will be eligible for a discretionary incentive bonus for each fiscal quarter of the Company. Whether Executive is awarded any bonus for a given fiscal quarter, and the amount of the bonus (if any), will be determined by the Board in its sole discretion based on the Company’s achievement of objective or subjective criteria established by the Company’s management team and approved by the Board. The bonus for a given fiscal quarter will be paid within forty-five (45) days after the close of that fiscal quarter, and Executive must remain actively employed by the Company at the time of payment in order to earn the bonus for that fiscal quarter. The determination of the Board with respect to Executive’s bonus will be final and binding.
Quarterly Bonus. In addition to the Annual Base Salary and the Capital Placement Commission, the Executive shall be eligible to earn, for each completed 3 month period following the Effective Date of this Agreement during the Term, a quarterly bonus (the “Quarterly Bonus”) based on the Executive’s performance and approved, administered and determined in all respects in the sole discretion of the Company’s CEO and approved by the Company’s Executive Chairman.
Quarterly Bonus. (a) For each fiscal quarter of the Employment Term, the Executive shall be eligible to receive a quarterly bonus (the "Quarterly Bonus"). The decision to provide any Quarterly Bonus and the amount and terms of any Quarterly Bonus shall be approved by Compensation Committee of the Board (the "Compensation Committee"). Such determination will be made no later than 1 (one) month after the close of each fiscal quarter. Bonus amount will take into account the quality and scope of work of the Executive and quantitative evaluation of the success of any private capital raise and the success of the public share performance will be weighted heavily.
(b) The Quarterly Bonus will be paid to the Executive in Nodechain common stock shares and cash.
(c) The Quarterly Bonus, will be paid within one (1) month after the end of each applicable fiscal quarter.
(d) Except as otherwise provided in Section 5 (i) the Quarterly Bonus will be subject to the terms of the Company annual bonus plan under which it is granted (with weighting given to the expressed items in section 4.2(a) and (ii) in order to be eligible to receive an Quarterly Bonus, the Executive must be employed by the Company on the last day of the applicable fiscal quarter that Quarterly Bonuses are paid.
Quarterly Bonus. In accordance with the executive bonus plan established by Company, as may be amended from time to time, in addition to annual base salary, Employee shall be eligible to earn and receive a quarterly bonus based on achievement of certain goals during each quarterly review period (which shall commence on the first day of each quarter and conclude on the last day of each quarter commencing for example on September 30 and ending December 31 of the first calendar year of the Term). During the first forty-five (45) days of each annual review period of the Term, Company, with Employee’s consultation, shall establish reasonable goals for Employee and his divisions to achieve during such review period. In the event Company determines that the goals set for any quarterly review period have been achieved, Employee shall be entitled to receive a targeted bonus of one hundred per cent (100 %) of Employee’s annual base salary for such calendar year, with the exact amount of such bonus to be determined in the discretion of Company, subject to the terms of the executive bonus plan then in effect, but in any event not less than Five Percent (5%) of Employee’s annual base salary (the “Minimum Guaranteed Bonus”). In the event Company determines that the goals set for any annual review period have not been achieved during such annual review period, Employee shall receive only the Minimum Guaranteed Bonus.
Quarterly Bonus. Each fiscal quarter of the Initial Term of this --------------- Agreement, CSI shall pay the Employee a bonus equal to 5% of CSI's net pre-tax income, calculated in accordance with generally accepted accounting principles consistently applied. This quarterly bonus shall be pro-rated for any partial quarter in which the Employee acts an employee of CSI. Each quarterly bonus shall be paid on or before the earlier of (i)the filing by CSI with the Securities and Exchange Commission of its quarterly report on Form 10-QSB or Form 10-Q or (ii) 50 days after the end of each fiscal quarter.
Quarterly Bonus. Employee and Company desire to create a performance-based bonus compensation arrangement. The Company agrees that Employee shall be eligible for a quarterly bonus (the “Bonus”) determined in accordance with the formula established annually by the Board of Directors. The formula for 2001 is set forth below in Sections 2(B)(i)(ii) and (iii). If the Company meets its revenue and net profit goals for 2001, then Employee will be paid a total Bonus amount of $210,000 (the “Target Annual Bonus Amount”). The Target Annual Bonus amount will be established annually by the Board. It is the intent of the Company and Employee to use this performance-based bonus compensation arrangement to tie a potentially large portion of Employee’s total compensation to the financial performance of the Company. The Bonus formula and Target Annual Bonus amount will be established by the Board each year by January 31 and may be adjusted from time to time during the year. A reduction of the Target Annual Bonus Amount of more than fifty percent in any one year without the consent of the employee may be considered a termination without cause under Section 4(A)(ii). To trigger such a termination without cause, employee must, within thirty calendar days of the announced reduction, give the Board written notice that the reduction is viewed as a termination without cause. The termination shall not take effect until thirty days from the date of the written notice in order to give the Board an opportunity to remedy.
