Common use of Revenue Bonus Clause in Contracts

Revenue Bonus. If Wiltek reports fiscal year 1999 revenue (excluding any -------------- revenue for business's acquired after January 1, 1999) of at least $6,800,000 then a cash bonus of .30% of total fiscal year 1999 revenue $7,000,000 then a cash bonus of .32% of total fiscal year 1999 revenue $7,200,000 then a cash bonus of .34% of total fiscal year 1999 revenue $7,400,000 then a cash bonus of .36% of total fiscal year 1999 revenue $7,600,000 then a cash bonus of .38% of total fiscal year 1999 revenue $7,800,000 then a cash bonus of .40% of total fiscal year 1999 revenue $8,000,000 then a cash bonus of .42% of total fiscal year 1999 revenue $8,200,000 then a cash bonus of .44% of total fiscal year 1999 revenue $8,400,000 then a cash bonus of .46% of total fiscal year 1999 revenue $8,600,000 then a cash bonus of .48% of total fiscal year 1999 revenue $8,800,000 then a cash bonus of .50% of total fiscal year 1999 revenue The Company shall make full cash bonus payment to Employee within 60 days (December 30, 1999) of close of fiscal year 1999. In the event of termination any bonus accumulated as of the date of termination will be payable by the Company to the Employee within 30 days of termination.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Revenue Bonus. If Wiltek reports fiscal year 1999 revenue (excluding any -------------- revenue for business's acquired after January 1, 1999) of at least $6,800,000 then a cash bonus of .30.60% of total fiscal year 1999 revenue $7,000,000 then a cash bonus of .32.64% of total fiscal year 1999 revenue $7,200,000 then a cash bonus of .34.68% of total fiscal year 1999 revenue $7,400,000 then a cash bonus of .36.72% of total fiscal year 1999 revenue $7,600,000 then a cash bonus of .38.76% of total fiscal year 1999 revenue $7,800,000 then a cash bonus of .40.80% of total fiscal year 1999 revenue $8,000,000 then a cash bonus of .42.84% of total fiscal year 1999 revenue $8,200,000 then a cash bonus of .44.88% of total fiscal year 1999 revenue $8,400,000 then a cash bonus of .46.92% of total fiscal year 1999 revenue $8,600,000 then a cash bonus of .48.96% of total fiscal year 1999 revenue $8,800,000 then a cash bonus of .501.00% of total fiscal year 1999 revenue The Company shall make full cash bonus payment to Employee within 60 days (December 30, 1999) of close of fiscal year 1999. In the event of termination any bonus accumulated as of the date of termination will be payable by the Company to the Employee within 30 days of termination.

Appears in 1 contract

Samples: Employment Agreement (E Sync Networks Inc)

AutoNDA by SimpleDocs

Revenue Bonus. If Wiltek reports fiscal year 1999 revenue (excluding any -------------- revenue for business's acquired after January 1, 1999) of at least $6,800,000 then a cash bonus of .30.60% of total fiscal year 1999 revenue $7,000,000 then a cash bonus of .32.64% of total fiscal year 1999 revenue $7,200,000 then a cash bonus of .34.68% of total fiscal year 1999 revenue $7,400,000 then a cash bonus of .36.72% of total fiscal year 1999 revenue $7,600,000 then a cash bonus of .38.76% of total fiscal year 1999 revenue $7,800,000 then a cash bonus of .40.80% of total fiscal year 1999 revenue $8,000,000 then a cash bonus of .42.84% of total fiscal year 1999 revenue $8,200,000 then a cash bonus of .44.88% of total fiscal year 1999 revenue $8,400,000 then a cash bonus of .46.92% of total fiscal year 1999 revenue $8,600,000 then a cash bonus of .48.96% of total fiscal year 1999 revenue $8,800,000 then a cash bonus of .501.00% of total fiscal year 1999 revenue The Company shall make full cash bonus payment to Employee within 60 days (December 30, 1999) of close of fiscal year 1999. In the event of termination any bonus accumulated as of the date of termination will be payable by the Company to the Employee within 30 days of termination.

Appears in 1 contract

Samples: Employment Agreement (Wiltek Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!