Common use of Success Payment Clause in Contracts

Success Payment. If the Company achieves a minimum of $32 million of net sales for any quarter in calendar year 2003 (the first such quarter, the "Bonus Quarter"), then the Company shall pay to Executive within 4 weeks of the end of such quarter an amount equal to the sum of (a) the second half of the 2002 Bonus, $150,729.50 (the "Second Half Bonus") and (b) an amount equal to one quarter of the 2002 Bonus, $75,364.75 (in the aggregate, the "Success Bonus Payment"). Subject to Section 1.3, if the Company never achieves a minimum of $32 million of net sales for any quarter in 2003, then the Second Half Bonus shall be forever forfeited by Executive and the Company shall have no obligation to pay the Second Half Bonus. The Success Bonus Payment shall be made even if Executive is not employed with the Company at the time of the payment so long as Executive had been employed with the Company during the whole Bonus Quarter.

Success Payment. If the Company achieves a minimum of $32 million of net sales for any quarter in calendar year 2003 (the first such quarter, the "Bonus Quarter"), then the Company shall pay to Executive within 4 weeks of the end of such quarter an amount equal to the sum of (a) the second half of the 2002 Bonus, $150,729.50 29,500.50 (the "Second Half Bonus") and (b) an amount equal to one quarter of the 2002 Bonus, $75,364.75 14,750.25 (in the aggregate, the "Success Bonus Payment"). Subject to Section 1.3, if the Company never achieves a minimum of $32 million of net sales for any quarter in 2003, then the Second Half Bonus shall be forever forfeited by Executive and the Company shall have no obligation to pay the Second Half Bonus. The Success Bonus Payment shall be made even if Executive is not employed with the Company at the time of the payment so long as Executive had been employed with the Company during the whole Bonus Quarter.

Success Payment. If the Company achieves a minimum of $32 million of net sales for any quarter in calendar year 2003 (the first such quarter, the "Bonus Quarter"), then the Company shall pay to Executive within 4 weeks of the end of such quarter an amount equal to the sum of (a) the second half of the 2002 Bonus, $150,729.50 32,377.50 (the "Second Half Bonus") and (b) an amount equal to one quarter of the 2002 Bonus, $75,364.75 16,188.75 (in the aggregate, the "Success Bonus Payment"). Subject to Section 1.3, if the Company never achieves a minimum of $32 million of net sales for any quarter in 2003, then the Second Half Bonus shall be forever forfeited by Executive and the Company shall have no obligation to pay the Second Half Bonus. The Success Bonus Payment shall be made even if Executive is not employed with the Company at the time of the payment so long as Executive had been employed with the Company during the whole Bonus Quarter.

Success Payment. If the Company achieves a minimum of $32 million of net sales for any quarter in calendar year 2003 (the first such quarter, the "Bonus Quarter"), then the Company shall pay to Executive within 4 weeks of the end of such quarter an amount equal to the sum of (a) the second half of the 2002 Bonus, $150,729.50 71,950.00 (the "Second Half Bonus") and (b) an amount equal to one quarter of the 2002 Bonus, $75,364.75 35,975.00 (in the aggregate, the "Success Bonus Payment"). Subject to Section 1.3, if the Company never achieves a minimum of $32 million of net sales for any quarter in 2003, then the Second Half Bonus shall be forever forfeited by Executive and the Company shall have no obligation to pay the Second Half Bonus. The Success Bonus Payment shall be made even if Executive is not employed with the Company at the time of the payment so long as Executive had been employed with the Company during the whole Bonus Quarter.