{"component": "clause", "props": {"groups": [{"size": 11, "snippet_links": [{"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [0, 33]}, {"key": "participate-in", "type": "definition", "offset": [75, 89]}, {"key": "incentive-compensation-arrangements", "type": "clause", "offset": [106, 141]}, {"key": "similar-to", "type": "definition", "offset": [143, 153]}, {"key": "the-incentive", "type": "clause", "offset": [154, 167]}, {"key": "in-effect", "type": "definition", "offset": [198, 207]}, {"key": "pursuant-to", "type": "clause", "offset": [238, 249]}, {"key": "annual-bonus", "type": "definition", "offset": [279, 291]}, {"key": "change-in-control-of-the-company", "type": "clause", "offset": [328, 360]}, {"key": "the-participation", "type": "clause", "offset": [361, 378]}, {"key": "of-the-executive", "type": "clause", "offset": [379, 395]}, {"key": "incentive-award", "type": "definition", "offset": [466, 481]}, {"key": "compensation-to-executive", "type": "clause", "offset": [566, 591]}, {"key": "after-a-change-in-control", "type": "clause", "offset": [625, 650]}, {"key": "highest-bonus", "type": "definition", "offset": [743, 756]}, {"key": "to-the-executive", "type": "clause", "offset": [762, 778]}], "samples": [{"hash": "ktyIF8boOmh", "uri": "/contracts/ktyIF8boOmh#additional-incentive-compensation", "label": "Employment Agreement (United National Bancorp)", "score": 18.0, "published": true}, {"hash": "k9afUDYUUFy", "uri": "/contracts/k9afUDYUUFy#additional-incentive-compensation", "label": "Employment Agreement (United National Bancorp)", "score": 18.0, "published": true}, {"hash": "ixjQwcHzehJ", "uri": "/contracts/ixjQwcHzehJ#additional-incentive-compensation", "label": "Employment Agreement (United National Bancorp)", "score": 18.0, "published": true}], "snippet": "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.", "hash": "e90a7005c175c35115d50a07a9b17558", "id": 1}, {"size": 5, "snippet_links": [{"key": "recognition-of", "type": "clause", "offset": [3, 17]}, {"key": "creative-activities", "type": "clause", "offset": [139, 158]}, {"key": "the-company-shall", "type": "clause", "offset": [160, 177]}, {"key": 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\u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 as additional incentive compensation (\u201cAdditional Incentive Compensation\u201d).\n(a) The Additional Incentive Compensation payments to which \u2587\u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 is entitled include:", "hash": "8ab0c3cbb4cda683b486fb9dec943db6", "id": 2}, {"size": 4, "snippet_links": [{"key": "section-6", "type": "definition", "offset": [29, 38]}, {"key": "services-during", "type": "clause", "offset": [134, 149]}, {"key": "initial-employment-period", "type": "definition", "offset": [154, 179]}, {"key": "the-executive", "type": "clause", "offset": [223, 236]}, {"key": "with-respect-to", "type": "clause", "offset": [250, 265]}, {"key": "fiscal-year-1998", "type": "clause", "offset": [333, 349]}, {"key": "salary-and-incentive-compensation", "type": "clause", "offset": [381, 414]}, {"key": "equal-to", "type": "definition", "offset": [416, 424]}, {"key": "the-pre", "type": 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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.", "hash": "82d149a29c23f8b49c893bd5c619e302", "id": 4}, {"size": 4, "snippet_links": [{"key": "additional-compensation", "type": "clause", "offset": [7, 30]}, {"key": "with-respect-to", "type": "clause", "offset": [118, 133]}, {"key": "operation-by-the-company", "type": "clause", "offset": [168, 192]}, {"key": "disposition-of", "type": "clause", "offset": [280, 294]}, {"key": "closing-of-the-acquisition", "type": "clause", "offset": [451, 477]}, {"key": "cash-sum", "type": "definition", "offset": [574, 582]}, {"key": "equal-to", "type": "definition", "offset": [583, 591]}, {"key": "the-purchase-price", "type": "clause", 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"type": "clause", "offset": [1557, 1576]}, {"key": "single-transaction", "type": "clause", "offset": [1584, 1602]}, {"key": "related-transactions", "type": "definition", "offset": [1616, 1636]}, {"key": "company-in", "type": "clause", "offset": [1733, 1743]}, {"key": "person-or-group", "type": "definition", "offset": [1822, 1837]}, {"key": "affiliated-persons", "type": "clause", "offset": [1841, 1859]}, {"key": "diluted-basis", "type": "definition", "offset": [1914, 1927]}, {"key": "ordinary-voting-power", "type": "definition", "offset": [1978, 1999]}, {"key": "at-the-time", "type": "definition", "offset": [2031, 2042]}, {"key": "merger-or-consolidation-of-the-company", "type": "clause", "offset": [2121, 2159]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [2224, 2249]}, {"key": "after-giving", "type": "clause", "offset": [2255, 2267]}, {"key": "holders-of", "type": "clause", "offset": [2312, 2322]}, {"key": "the-merger", "type": "clause", "offset": [2444, 2454]}, {"key": "resulting-corporation", "type": "definition", "offset": [2507, 2528]}, {"key": "payable-to", "type": "definition", "offset": [2694, 2704]}, {"key": "the-company-shall", "type": "clause", "offset": [2742, 2759]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [2774, 2811]}, {"key": "in-the-event-of", "type": "clause", "offset": [2833, 2848]}, {"key": "other-transaction", "type": "clause", "offset": [2853, 2870]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [2875, 2909]}, {"key": "debt-or-equity-financing", "type": "clause", "offset": [2969, 2993]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [3066, 3084]}, {"key": "board-shall", "type": "definition", "offset": [3122, 3133]}, {"key": "in-good-faith", "type": "definition", "offset": [3134, 3147]}, {"key": "to-determine", "type": "definition", "offset": [3171, 3183]}, {"key": "compensation-arrangement", "type": "definition", "offset": [3191, 3215]}, {"key": "to-compensate", "type": "clause", "offset": [3216, 3229]}], "samples": [{"hash": "aywYpIJBdT0", "uri": "/contracts/aywYpIJBdT0#additional-incentive-compensation", "label": "Management Agreement (Winston Furniture Co of Alabama Inc)", "score": 16.0, "published": true}], "snippet": "(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 surviving or resulting corporation representing 50% or less of the ordinary voting power to elect directors of the surviving or resulting corporation (on a fully-diluted basis). The amount of any fee payable to Trivest in connection with a Sale of the Company shall be determined pursuant to the provisions of Section 6(c)(ii) below.\n(ii) In the event of any other transaction not in the ordinary course of business, including a Sale of the Company and any public or private debt or equity financing or unusual efforts extended or results obtained by Trivest on behalf or for the benefit of the Company or its subsidiaries, the Board shall in good faith negotiate with Trivest to determine a fair compensation arrangement to compensate Trivest for such matters.", "hash": "c895cc0c531ec7c24dbda510fe4d7fdf", "id": 5}, {"size": 2, "snippet_links": [{"key": "the-incentive", "type": "clause", "offset": [117, 130]}, {"key": "addendum-attached", "type": "clause", "offset": [144, 161]}, {"key": "to-this-agreement", "type": "clause", "offset": [162, 179]}, {"key": "schedule-a", "type": "clause", "offset": [183, 193]}], "samples": [{"hash": "gVqrW80OMP7", "uri": "/contracts/gVqrW80OMP7#additional-incentive-compensation", "label": "Employment Agreement (Gameverse Interactive Corp)", "score": 37.3750855578, "published": true}, {"hash": "fqHluSmdYzq", "uri": "/contracts/fqHluSmdYzq#additional-incentive-compensation", "label": "Employment Agreement (Gameverse Interactive Corp)", "score": 37.3750855578, "published": true}], "snippet": "As part of his employment, Employee shall receive such additional incentive compensation as is expressly provided in the incentive compensation addendum attached to this Agreement as Schedule A (the \u201cIncentive Compensation Addendum\u201d).", "hash": "9b09dc3b39e46217bafd3d00f6a459c7", "id": 6}, {"size": 2, "snippet_links": [{"key": "in-addition-to", "type": "clause", "offset": [0, 14]}, {"key": "performance-objectives", "type": "definition", "offset": [183, 205]}, {"key": "compensation-committee-of-the-board", "type": "clause", "offset": [235, 270]}, {"key": "from-time-to-time", "type": "clause", "offset": [271, 288]}], "samples": [{"hash": "iGXTbSdYHJq", "uri": "/contracts/iGXTbSdYHJq#additional-incentive-compensation", "label": "Employment Agreement (Wiser Oil Co)", "score": 16.0, "published": true}, {"hash": "caMhit1AxWz", "uri": "/contracts/caMhit1AxWz#additional-incentive-compensation", "label": "Employment Agreement (Wiser Oil Co)", "score": 16.0, "published": true}], "snippet": "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.", "hash": "60875813e3b2d501ddc3f0e4a0dbc10a", "id": 7}, {"size": 2, "snippet_links": [{"key": "fixed-annual-compensation", "type": "clause", "offset": [19, 44]}, {"key": "the-company-shall", "type": "clause", "offset": [65, 82]}], "samples": [{"hash": "gnSxk76VhY", "uri": 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"uri": "/contracts/jiU5LqB0ef7#additional-incentive-compensation", "label": "Employment Agreement (Colonial Commercial Corp)", "score": 19.0, "published": true}, {"hash": "VnRPHBPV0W", "uri": "/contracts/VnRPHBPV0W#additional-incentive-compensation", "label": "Employment Agreement (Colony Bankcorp Inc)", "score": 19.0, "published": true}], "snippet": "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: $ 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\ni) The Company may (but shall not be obligated to), at any time and from time to time, grant to the Employee an increase or increases in the incentive compensation, otherwise payable pursuant to this Section, but such increase or increases, if any, shall not be deemed to alter, modify, waive or otherwise affect any other term, covenant or condition of this Agreement. Any incentive due, pursuant to the terms of this paragraph, shall be paid by Company within 60 days of each anniversary of the Commencement Date, subject to audit adjustments. The incentive described above is exclusive and not additive, by way of example, if the pre-tax profit of the Company is $400,000, then the total incentive earned would be $20,000.", "hash": "9a1bcf6e5c544143a074af738f782424", "id": 9}, {"size": 2, "snippet_links": [{"key": "each-year", "type": "definition", "offset": [4, 13]}, {"key": "twelve-months", "type": "definition", "offset": [15, 28]}, {"key": "the-term-of-this-agreement", "type": "clause", "offset": [33, 59]}, {"key": "additional-compensation", "type": "clause", "offset": [87, 110]}, {"key": "in-accordance-with", "type": "definition", "offset": [121, 139]}, {"key": "the-terms", "type": "definition", "offset": [140, 149]}, {"key": "schedule-a", "type": "clause", "offset": [163, 173]}], "samples": [{"hash": "3ouNt44nAnM", "uri": "/contracts/3ouNt44nAnM#additional-incentive-compensation", "label": "Employment Agreement (Colonial Commercial Corp)", "score": 19.0, "published": true}, {"hash": "2OQxcLRkspp", "uri": "/contracts/2OQxcLRkspp#additional-incentive-compensation", "label": "Employment Agreement (Colony Bankcorp Inc)", "score": 19.0, "published": true}], "snippet": "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.", "hash": "926bce4ad3ba1908b69fc232d47f6442", "id": 10}], "next_curs": "CmoSZGoVc35sYXdpbnNpZGVyY29udHJhY3RzckYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiphZGRpdGlvbmFsLWluY2VudGl2ZS1jb21wZW5zYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 71, "title": "Additional Incentive Compensation", "parents": [["compensation", "Compensation"], ["compensation-and-benefits", "Compensation and Benefits"], ["employment", "Employment"], ["duties", "Duties"], ["extent-of-duties", "Extent of Duties"]], "children": [["", ""], ["minimum-payment", "Minimum Payment"], ["payments-upon-disposition-of-undeveloped-assets", "Payments Upon Disposition of Undeveloped Assets"], ["transactional-payments-net-revenue-payments", "Transactional Payments; Net Revenue Payments"], ["patent-lifetime-royalty-payments", "Patent Lifetime Royalty Payments"]], "id": "additional-incentive-compensation", "related": [["annual-incentive-compensation", "Annual Incentive Compensation", "Annual Incentive Compensation"], ["bonus-and-incentive-compensation", "Bonus and Incentive Compensation", "Bonus and Incentive Compensation"], ["equity-incentive-compensation", "Equity Incentive Compensation", "Equity Incentive Compensation"], ["cash-and-incentive-compensation", "Cash and Incentive Compensation", "Cash and Incentive Compensation"], ["incentive-compensation", "Incentive Compensation", "Incentive Compensation"]], "related_snippets": [], "updated": "2026-05-20T04:25:14+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Additional Incentive Compensation clause establishes the terms under which an employee or contractor may receive extra financial rewards beyond their base salary or standard compensation. Typically, this clause outlines specific performance targets, milestones, or company achievements that must be met to trigger the additional payment, such as exceeding sales goals or completing projects ahead of schedule. Its core function is to motivate higher performance by directly linking extra compensation to measurable results, thereby aligning individual efforts with organizational objectives."}, "json": true, "cursor": ""}}