Additional Incentives. The Company, may, in its discretion, grant to Executive additional cash or equity-based incentives, including options, restricted shares or performance share units.
Additional Incentives. The Company will provide Employee with additional incentives including stock options, a retirement plan and bonus benefits. Such additional incentives shall be consistent with those additional incentives provided the Employee by Gateway American Properties, LLC ("GAPLLC") prior to the assignment by GAPLLC to the Company of any and all of its interests, rights, and obligations in and under this Agreement.
Additional Incentives. Executive shall receive additional compensation for sourcing and successfully closing financing for the Corporation. Such compensation shall be paid within 30 days of the closing of the financing and shall be paid at a rate of 10% of the financing amount. The compensation shall be 4% cash and 6% restricted stock. The number of shares in the stock portion of the incentive shall be calculated on the basis of the most recent per share value as defined by the closing price of the stock on the day prior to the closing if then publicly traded or if not publicly traded, the then current calculated per share value. As an example, assume the financing amount is $100,000 and the stock is then valued at $0.50 per share. Within thirty days after closing, the Executive would receive $4,000 cash and 12,000 shares of stock. As a further incentive, at the $1,000,000 financing level (cumulative) and for each million dollar plateau thereafter, Executive shall earn an additional 500,000 shares to be paid within 30 days of closing of the financing.
Additional Incentives. In addition to the Initial Configuration, PURCHASE --------------------- will receive from SELLER, at no additional charge, the following items:
Additional Incentives. In consideration for Executive's employment, including the non-compete undertakings in the PIAA Agreement (as defined below). The Executive agrees that such additional incentives are contractual payments and above any statutory rights and any additional Incentives that may be based on the Executive's salary shall be based on his Base Salary without the additional Severance Part in the Salary:
Additional Incentives is amended in its entirety as follows:
Additional Incentives. Xx. Xxxxxx will receive additional incentives. The terms and conditions of this incentive/bonus program are to be mutually agreed upon by the company Chairman (Xxxxxxx Xxxxxxxx) and Xx. Xxxxxx and are to be included in this Employment Agreement, as an exhibit hereto.
Additional Incentives. At such time as the Company has achieved the following objectives, based on a rolling three-month average, Employee shall be paid the following:
Additional Incentives. Performance Incentive: LCC will evaluate Supplier’s performance hereunder on not less than an annual basis and may, but shall not be required to, pay Supplier a performance incentive bonus on or about March 15 of each year during the term hereof based upon LCC’s assessment of Supplier’s performance during the prior year against various objectives that may include the achievement of revenue, profit and other objectives for LCC and its Affiliate Companies in the EMEA region. For Services rendered from the date of this contract to 31 December 2004, Supplier will be eligible to receive a bonus of up to €150,000, the actual amount will be based on the extent to which EMEA and LCC 2004 goals are achieved for the fourth quarter of 2004. In respect of services rendered after 31 December 2004, Supplier’s Performance Incentives will be comparable to those additional incentives or bonus programs generally provided for officers, at the Senior Vice President level, of LCC for the relevant year by the Board of Directors of LCC’s parent company, LCC International, Inc. The payment of any performance incentive shall be within LCC’s discretion. No bonus is due if, prior to the payment date, Supplier has served notice of termination of this agreement (other than under Sections 6.2.3(b) or 6.2.3(c)) or has been served notice of termination by LCC, except as otherwise provided in Article 6 hereof.
