Common use of Revenue Bonus Clause in Contracts

Revenue Bonus. On April 1st of 2009 and each year of the agreement thereafter Xxxxxxxx will be entitled to a bonus equal to 25-100% of his past year salary earned. Amount of bonus to be determined by the Board of Directors and payable in cash or S-8 registered shares at the company’s option.

Appears in 2 contracts

Samples: Executive Employment Agreement (Centale, Inc.), Executive Employment Agreement (Centale, Inc.)

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Revenue Bonus. On April 1st of 2009 and each year of the agreement thereafter Xxxxxxxx Xxxxx will be entitled to a bonus equal to 2550-100% of his past year salary earned. Amount of bonus to be determined by the Board of Directors and payable in cash or S-8 registered shares at the company’s option.

Appears in 2 contracts

Samples: Executive Employment Agreement (Centale, Inc.), Executive Employment Agreement (Centale, Inc.)

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