Common use of Additional Bonuses Clause in Contracts

Additional Bonuses. (i) For purposes of the period between the Commencement Date and October 31, 2000, the Company shall pay to the Executive a bonus (the "Initial Bonus"), the amount of which shall be determined by the Board based upon stock performance criteria, but which shall not be less than $75,000. The Initial Bonus shall be payable on October 31, 2000. (ii) The Company shall pay to the Executive additional bonuses (the "Special Bonuses"), payable as and when payments on the Loans (as described in Section 4.6), if any, are due and payable by the Executive to the Company, in amounts such that after payment by the Executive of all federal, state and or local taxes imposed upon the Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is then due and payable by the Executive. The Company may offset and apply the amount of the Special Bonus against the amounts (both principal and interest) then due and payable on the Loans. (iii) In the event that the Executive's employment with the Company is terminated for any reason other than by the Executive without Good Reason pursuant to Section 5.5(b) hereof, the Company shall pay to the Executive an additional bonus (the "Additional Special Bonus"), payable within thirty (30) days of the date of the termination of the Executive's employment, in an amount such that after payment by the Executive of all federal, state and/or local taxes imposed upon the Additional Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is due and payable by the Executive at that time. The Company can offset and apply the amount of the Additional Special Bonus against the amounts of the principal and interest then due and payable

Additional Bonuses. (i) For purposes of the period between the Commencement Date and October 31The Executive shall receive such additional bonuses, 2000if any, the Company shall pay to the Executive a bonus (the "Initial Bonus"), the amount of which shall be determined by as the Board based upon stock performance criteriamay in its sole and absolute discretion determine, but which in no case shall not this bonus be less than $75,000. The Initial Bonus shall be payable on October 31, 2000the amount needed to repay any loans advanced under Section 3.2a under the terms of repayment. (ii) The Company shall pay to the Executive additional bonuses (the "Special Bonuses"), payable as and when payments on the Loans (as described in Section 4.6), if any, are due and payable by the Executive to the Company, in amounts such that after payment by the Executive of all federal, state and or and/or local taxes imposed upon the Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is then due and payable by the Executive. The Company may offset and apply the amount of the Special Bonus against the amounts (both principal and interest) then due and payable on the Loans. (iii) In the event that the Executive's employment with the Company is terminated for any reason other than by the Executive without Good Reason pursuant to Section 5.5(b) hereof, the Company shall pay to the Executive an additional bonus (the "Additional Special Bonus"), payable within thirty (30) days of the date of the termination of the Executive's employment, in an amount such that after payment by the Executive of all federal, state and/or local taxes imposed upon the Additional Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is due and payable by the Executive at that time. The Company can offset and apply the amount of the Additional Special Bonus against the amounts of the (both principal and interest interest) then due and payablepayable on the Loans. (iv) The Executive shall receive such additional bonuses, if any, as the Board may in its sole and absolute discretion determine.

Additional Bonuses. (i) For purposes of the period between the Commencement Date and October 31, 2000, the Company shall pay to the Executive a bonus (the "Initial Bonus"), the amount of which shall be determined by the Board based upon stock performance criteria, but which shall not be less than $75,00050,000. The Initial Bonus shall be payable on October 31, 2000. (ii) The Company shall pay to the Executive additional bonuses (the "Special Bonuses"), payable as and when payments on the Loans (as described in Section 4.6), if any, are due and payable by the Executive to the Company, in amounts such that after payment by the Executive of all federal, state and or local taxes imposed upon the Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is then due and payable by the Executive. The Company may offset and apply the amount of the Special Bonus against the amounts (both principal and interest) then due and payable on the Loans. (iii) In the event that the Executive's employment with the Company is terminated for any reason other than by the Executive without Good Reason pursuant to Section 5.5(b) hereof, the Company shall pay to the Executive an additional bonus (the "Additional Special Bonus"), payable within thirty (30) days of the date of the termination of the Executive's employment, in an amount such that after payment by the Executive of all federal, state and/or local taxes imposed upon the Additional Special Bonus, the Executive retains an amount sufficient to repay that portion (both principal and interest) of the Loans advanced by the Company to the Executive pursuant to Subsection 3(a) hereof that is due and payable by the Executive at that time. The Company can offset and apply the amount of the Additional Special Bonus against the amounts of the principal and interest then due and payablepayable on the Loans. (iv) The Executive shall receive such additional bonuses, if any, as the Board may in its sole and absolute discretion determine.