Common use of Revenue Attainment Clause in Contracts

Revenue Attainment. Company shall pay Employee a cash bonus if the Company realizes certain gross revenue attainment during the term of each full fiscal year. The cash bonus may be based upon the following schedule: Cumulative Revenue Attainment Cash Bonus ------------------ ---------- $ 5,000,000 $ 5,000 $ 15,000,000 $ 10,000 $ 25,000,000 $ 15,000 The foregoing schedule shall apply in respect of the first year of employment ending December 31, 2007 for the preceding twelve (12) month period beginning January 1, 2007. The revenue attainment levels set forth in the foregoing schedule shall be increased annually by twenty-five (25%) percent per annum for each subsequent twelve (12) month period during the term of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Xsunx Inc), Employment Agreement (Xsunx Inc), Employment Agreement (Xsunx Inc)

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Revenue Attainment. Company shall may pay Employee Executive a cash bonus if the Company Employer realizes certain gross revenue attainment during the term of each full fiscal year. The cash bonus may be based upon the following schedule: Cumulative Revenue Attainment Cash Bonus CUMULATIVE REVENUE ATTAINMENT CASH BONUS ------------------ ---------- $ 5,000,000 $ 5,000 $ 15,000,000 $ 10,000 $ 25,000,000 4,500,000 $ 15,000 $ 9,000,000 $ 25,000 $ 18,000,000 $ 40,000 $ 36,000,000 $ 60,000 The foregoing schedule shall apply in respect of the first fiscal year of employment ending December July 31, 2007 2001 for the preceding twelve (12) month period beginning January 1, 2007period. The revenue attainment levels set forth in the foregoing schedule shall be increased annually by twenty-thirty five (2535%) percent per annum for each subsequent twelve (12) 12 month period during the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Accesspoint Corp /Nv/)

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