Common use of Annual Bonus Amount Clause in Contracts

Annual Bonus Amount. Employee shall be entitled to be paid an ------------------- annual bonus amount (the "Annual Bonus Amount") in respect of each calendar year beginning with the 1997 calendar year as further specified and described on Schedule B attached hereto. The Annual Bonus Amount shall be deemed earned as ---------- of December 31 of the applicable calendar year and shall be due and payable, subject to all applicable withholding and deductions, within 31 days following the end of the calendar year to which such Annual Bonus Amount relates based upon the Company's good faith preliminary estimate thereof for such calendar year; provided, that upon certification by the Company's auditors of the -------- Company's consolidated financial statements for such calendar year, the definitive Annual Bonus Amount for such calendar year shall be determined by the Company and the Company shall promptly pay to Employee (in the case the preliminary estimate resulted in an underpayment), or the Employee shall promptly repay to the Company (in the case the preliminary estimate resulted in an overpayment), the amount necessary to provide Employee with full payment of the definitive Annual Bonus Amount as finally determined in accordance with such audited consolidated financial statements for such calendar year.

Annual Bonus Amount. Employee shall be entitled to be paid an ------------------- annual bonus amount (the "Annual Bonus Amount") in respect of each calendar year beginning with the 1997 calendar year as further specified and described on Schedule B attached hereto. The Annual Bonus Amount shall be deemed earned as of ---------- of December 31 of the applicable calendar year and shall be due and payable, subject to all applicable withholding and deductions, within 31 days following the end of the calendar year to which such Annual Bonus Amount relates based upon the Company's good faith preliminary estimate thereof for such calendar year; provided, that upon certification by the Company's auditors of the -------- Company's consolidated financial statements for such calendar year, the definitive Annual Bonus Amount for such calendar year shall be determined by the Company and the Company shall promptly pay to Employee (in the case the preliminary estimate resulted in an underpayment), or the Employee shall promptly repay to the Company (in the case the preliminary estimate resulted in an overpayment), the amount necessary to provide Employee with full payment of the definitive Annual Bonus Amount as finally determined in accordance with such audited consolidated financial statements for such calendar year.