Common use of Sales Incentive Clause in Contracts

Sales Incentive. If AMERX net sales for fiscal 2024 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

AutoNDA by SimpleDocs

Sales Incentive. If AMERX net sales for fiscal 2024 2023 quarter increase at least 15% but less than 25% or more over the prior fiscal years' net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.504.25% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 quarter increase at least 15% but less than 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.501.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.502.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 2025 quarter increase at least 15% but less than 25% or more over the prior fiscal years' net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.504.25% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 quarter increase at least 15% but less than 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.504.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 2022 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:quarter

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 2020 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.505.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 20242020. AMERX Profit Bonus:

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

AutoNDA by SimpleDocs

Sales Incentive. If AMERX net sales for the fiscal 2024 2023 quarter increase 25% or more are over the prior fiscal years' net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 7.503.50% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 2023 quarter increase at least 15% but less than 25% or more over the prior fiscal years' net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.506.75% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for the fiscal 2024 2025 quarter increase 25% or more are over the prior fiscal years' net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 7.503.50% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Sales Incentive. If AMERX net sales for fiscal 2024 2021 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 20242021. AMERX Profit Bonus:

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

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