Common use of Annual Cash Bonuses Clause in Contracts

Annual Cash Bonuses. By July, 1, 1999, the Company shall establish a ------------------- formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification in the most recently published AEA survey available. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to receive such bonuses and bonuses under this paragraph shall be in lieu of any other incentive compensation plan that may be available to senior management.

Appears in 1 contract

Sources: Employment Agreement (Laser Technology Inc)

Annual Cash Bonuses. By JulyJanuary 31, 1, 19992000, the Company shall establish ------------------- a ------------------- formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification in the most recently published AEA survey available. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to receive such bonuses and bonuses under this paragraph shall be in lieu of any other incentive compensation plan that may be available to senior management.

Appears in 1 contract

Sources: Employment Agreement (Laser Technology Inc)