Additional Incentive Compensation. During the term of this Agreement, the Executive shall also be entitled to participate in other executive incentive compensation arrangements, similar to the incentive compensation arrangements now in effect for executives of the Company pursuant to which executives are paid an annual bonus; provided, however, that prior to a Change in Control of the Company the participation of the Executive in such arrangements shall mean that the Executive is eligible for an incentive award but shall not obligate the Company to make any incentive award or pay any incentive compensation to Executive; provided further, however, that after a Change in Control of the Company, the Executive must be paid an annual bonus that is at least as large as the highest bonus paid to the Executive in any year during the three years immediately prior to a Change in Control.
Additional Incentive Compensation. Subject to the provisions of Section 6 hereof, as additional incentive compensation (the "Additional Incentive Compensation") for his services during the Initial Employment Period and the Renewal Employment Period (if any) the Executive will be paid with respect to each Fiscal Year during such Period(s), commencing with respect to Fiscal Year 1998, an amount, in addition to the Salary and Incentive Compensation, equal to two and one-half (2.5%) of the Pre-tax Income of the Employer for such Fiscal Year in excess of the greater of $2,700,000 or the prior Fiscal Year's Pre-tax Income.
Additional Incentive Compensation. In addition to the Incentive Compensation, the Company agrees to consider granting options to the Employee (the "Option") in the future to purchase additional shares of Class A Common Stock in the same manner as additional grants may be given to other employees of the Company, i.e. as part of a bonus, etc. Any additional option grants shall be approved by the Compensation Committee of the Board of Directors.
Additional Incentive Compensation. In recognition of Xx. Xxxxxxxxxx’x past and future integral involvement in and contribution to all aspects of Immunomedics’ scientific and creative activities, the Company shall make the following payments to Xx. Xxxxxxxxxx as additional incentive compensation (“Additional Incentive Compensation”).
Additional Incentive Compensation. (i) As additional compensation, Trivest shall be entitled to a one-time fee (the "ADDITIONAL INCENTIVE COMPENSATION") with respect to (A) any acquisition of a business operation by the Company or its subsidiaries introduced or negotiated by Trivest or its affiliates, and (B) any disposition of a business operation by the Company or its subsidiaries negotiated by Trivest or its affiliates. The Additional Incentive Compensation shall be paid at the closing of the acquisition or disposition of any such business operation. The Additional Incentive Compensation shall be a cash sum equal to the following percentages of the purchase price (which on acquisitions or dispositions of assets shall also include the book value of the assumed liabilities, and on acquisitions or dispositions of stock shall also include liabilities of the acquired entity that are required to be paid with funds provided by the Company or any of its subsidiaries in connection with such acquisition) for the acquisition or disposition: PURCHASE PRICE PERCENTAGE -------------- ---------- $1 to $10,000,000 3.00% $10,000,001 to $50,000,000 1.25% $50,000,001 and over 0.75% By way of illustration, an acquisition or disposition with a purchase price of $60,000,000 would generate Additional Incentive Compensation of $875,000 (3.00% of the first $10,000,000, 1.25% of the next $40,000,000 and 0.75% of the remaining $10,000,000). This Section 6(c)(i) shall not apply to any transaction (a "SALE OF THE COMPANY") which is (x) the sale of all, or substantially all, of the Company's consolidated assets in any single transaction or series of related transactions; (y) the sale or issuance, or series of related sales or issuances, of equity securities of the Company in any single transaction or series of related transactions which results in any person or group of affiliated persons (other than affiliates of Trivest) owning (on a fully-diluted basis) more than 50% of the Company=s securities having ordinary voting power to elect directors outstanding at the time of such sale or issuance or such series of sales and/or issuances; or (z) any merger or consolidation of the Company with or into another corporation (regardless of which entity is the surviving corporation) if, after giving effect to such merger or consolidation, the holders of the Company's securities having ordinary voting power to elect directors (on a fully-diluted basis) immediately prior to the merger or consolidation own securities of the surviv...
Additional Incentive Compensation. For each year (twelve months) of the Term of this Agreement, Employee shall receive an additional compensation incentive in accordance with the terms set forth in Schedule A, attached hereto.
Additional Incentive Compensation. For each year (twelve months) of the Term of this Agreement, Employee shall receive, as additional compensation, an incentive based on the Pre-tax Profit of S&A Purchasing Corp. and will be as follows: Compensation Based on Pre-tax Profit of S&A Purchasing Corp. Pre-tax Profit Incentive $ 320,000 $ 5,000 $ 350,000 $ 10,000 $ 380,000 $ 15,000 $ 400,000 $ 20,000 $ 450,000 $ 25,000 $500,000 and up $ 35,000
Additional Incentive Compensation. In addition to his Base --------------------------------- Salary Employee shall be paid additional incentive compensation in such an amount, and based upon the accomplishment of such performance objectives, as may be determined by the Compensation Committee of the Board from time to time.
Additional Incentive Compensation. In addition to the Fixed Annual Compensation provided hereunder, the Company shall provide Consultant with such additional incentive compensation ("Additional Incentive Compensation"), and shall include but not be limited to the following:
Additional Incentive Compensation. In addition to the base salary provided hereunder, Employee shall be entitled to an additional incentive compensation of up to 50% of his annual salary (the "Bonus") based on the performance of the Company. 70% of the Bonus awarded will be based upon achievement of financial objectives, and 30% of the Bonus awarded will be based upon subjective criteria and goals established and mutually agreed upon between the Employee and the Board of Directors of the Company.
