Common use of Before December Clause in Contracts

Before December. 31, 1999, the Executive has agreed to work toward meeting the following objectives ("MBOs"): (i) raise working capital necessary to begin implementation of the business plan; (ii) build an enterprise center in Houston; (ii) secure agreements to host packaged software applications under a subscription agreement or like agreement with one or more vendors for sales force automation, financial management, customer relationship management, human resource management and electronic business; (iii) hire the necessary personnel to execute the business plan; and (iv) secure initial customers per the business plan. After December 31, 1999, the Company's board of directors shall determine what material progress the Executive has made toward meeting the above captioned MBOs and shall pay the Executive a bonus of up to $28,000 based upon the percentage of MBOs met. Said bonus shall be paid on or before the end of January 2000.

Appears in 2 contracts

Samples: Employment Agreement (Ebaseone Corp), Employment Agreement (Ebaseone Corp)

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Before December. 31, 1999, the Executive has agreed to work toward meeting the following objectives ("MBOs"): (i) raise working capital necessary to begin implementation of the business plan; (ii) build an enterprise center in Houston; (ii) secure agreements to host packaged software applications under a subscription agreement or like agreement with one or more vendors for sales force automation, financial management, customer relationship management, human resource management and electronic business; (iii) hire the necessary personnel to execute the business plan; and (iv) secure initial customers per the business plan. After December 31, 1999, the Company's board of directors shall determine what material progress the Executive has made toward meeting the above captioned MBOs and shall pay the Executive a bonus of up to $28,000 125,000 based upon the percentage of MBOs met. Said bonus shall be paid on or before the end of January 2000.

Appears in 2 contracts

Samples: Warrant Agreement (Ebaseone Corp), Employment Agreement (Ebaseone Corp)

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