Common use of Bonus Limitation Clause in Contracts

Bonus Limitation. Notwithstanding Sections 4.2(a), Employee shall in no event receive a total bonus exceeding $1,500,000 in any fiscal year. Subject to Sections 6.3 and 6.7 below, the Corporation shall pay the Bonus to Employee during the calendar year in which the Performance Period ends. Except as modified by this First Amendment, the Agreement remains in full force and effect.

Appears in 2 contracts

Samples: Employment Agreement (REX AMERICAN RESOURCES Corp), Employment Agreement (REX AMERICAN RESOURCES Corp)

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Bonus Limitation. Notwithstanding Sections 4.2(a), Employee shall in no event receive a total bonus exceeding $1,500,000 in any fiscal year. Subject to Sections 6.3 and 6.7 below, the Corporation shall pay the Bonus to Employee during the calendar year in which the Performance Period ends. Except as modified by this First Amendment, the Agreement remains in full force and effect.

Appears in 2 contracts

Samples: Employment Agreement (REX AMERICAN RESOURCES Corp), Employment Agreement (REX AMERICAN RESOURCES Corp)

Bonus Limitation. Notwithstanding Sections 4.2(a), Employee shall in no event receive a total bonus exceeding $1,500,000 2,000,000 in any fiscal year. Subject to Sections 6.3 and 6.7 below, the Corporation shall pay the Bonus to Employee during the calendar year in which the Performance Period ends. Except as modified by this First Amendment, the Agreement remains in full force and effect.

Appears in 1 contract

Samples: Employment Agreement (REX AMERICAN RESOURCES Corp)

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Bonus Limitation. Notwithstanding Sections 4.2(a), Employee shall in no event receive a total bonus exceeding $1,500,000 2,000,000 in any fiscal year. Subject to Sections 6.3 and 6.7 below, the Corporation shall pay the Bonus to Employee during the calendar year in which the Performance Period ends. Except as modified by this First Amendment, the Agreement remains in full force and effect.

Appears in 1 contract

Samples: Employment Agreement (REX AMERICAN RESOURCES Corp)

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