Annual Bonus Payment. Upon completion of each fiscal year and as determined by the Board of Directors of the Company, Employee shall be eligible to receive a bonus ("Bonus") in accordance with any bonus plan then in effect for executives of the Company of equivalent position and title, provided Employee is employed by the Company at the end of such fiscal year. Notwithstanding anything herein to the contrary, Employee's bonus for any fiscal year ending after a Change in Control shall not be less than 30% of his base salary then in effect.
Appears in 3 contracts
Samples: Employment Agreement (Compdent Corp), Employment Agreement (Compdent Corp), Employment Agreement (Compdent Corp)
Annual Bonus Payment. Upon completion of each fiscal year and as determined by the Board of Directors of the Company, Employee shall be eligible to receive a bonus ("Bonus") in accordance with any bonus plan then in effect for executives of the Company of equivalent position and title, provided Employee is employed by the Company at the end of such fiscal year. Notwithstanding anything herein to the contrary, Employee's bonus for any fiscal year ending after a Change in Control shall not be less than 30% of his her base salary then in effect.
Appears in 2 contracts
Samples: Employment Agreement (Compbenefits Corp), Employment Agreement (Compdent Corp)
Annual Bonus Payment. Upon completion of each fiscal year and as determined by the Compensation Committee of the Board of Directors of the Company, the Employee shall be eligible to receive a bonus ("Annual Bonus") in accordance with any bonus plan then in effect for executives of the Company of equivalent position and title, provided the Employee is employed by the Company at the end of such fiscal year. Notwithstanding anything herein to the contrary, Employee's bonus for any fiscal year ending after a Change in Control shall not be less than 30% of his base salary then in effect.
Appears in 1 contract
Annual Bonus Payment. Upon completion of each fiscal year and as determined by the Board of Directors of the Company, Employee shall be eligible to receive a bonus ("Bonus") in accordance with any bonus plan then in effect for executives of the Company of equivalent position and title, provided Employee is employed by the Company at the end of such fiscal year. Notwithstanding anything herein to the contrary, Employee's bonus for any fiscal year ending after a Change in Control shall not be less than 30_____% of his base salary then in effect.
Appears in 1 contract
Samples: Employment Agreement (Compdent Corp)
