Common use of Additional Bonus Clause in Contracts

Additional Bonus. The Employee may be eligible for an additional performance bonus with an equivalent value of twenty percent - forty percent (20% - 40%) of the Employee's base salary on a quarterly basis. The Companies shall determine Employee's eligibility for such additional bonus based upon certain performance criteria described in Exhibit A, (DebitFone & AlphaTrack Projections). The performance criteria shall be evaluated by the Company achieving (80% - 120%) of the projected pre-tax profits in such exhibit on a quarterly basis. If the Company determines that such performance goals have been achieved, the Employee shall have the option to receive the bonus in cash or common stock in the Parent Company; (SATX) at 90% of average market price of the shares of (SATX) over the last thirty (30) days prior to issue. If at the end of the year volumes are made up to cover any quarters that volumes were not met and the bonus was not paid, the company will offer the bonus for that quarter. The sliding scale used in the calculation of bonus is: Level of Company Performance 80% 100% 120% Payout % of Employee annual salary 20% 30% 40%