Common use of Bonus Plans Clause in Contracts

Bonus Plans. During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty percent (40%) of Employee's base salary.

Appears in 5 contracts

Samples: Employment Agreement (Collins & Aikman Corp), Employment Agreement (Collins & Aikman Corp), Employment Agreement (Collins & Aikman Corp)

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Bonus Plans. During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty fifty percent (4050%) of Employee's base salary.

Appears in 2 contracts

Samples: Employment Agreement (Collins & Aikman Corp), Employment Agreement (Collins & Aikman Corp)

Bonus Plans. During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty thirty percent (4030%) of Employee's base salary.

Appears in 1 contract

Samples: Employment Agreement (Collins & Aikman Corp)

Bonus Plans. (a) During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall not be forty less than fifty percent (40%) of Employee's base salary.

Appears in 1 contract

Samples: Employment and Retention Agreement (Collins & Aikman Corp)

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Bonus Plans. During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty fifty percent (4050%) of Employee's base salary. However, in no event shall Employee receive a cash bonus of less than $165,000 for Employee's participation in the EIC Plan during 1999.

Appears in 1 contract

Samples: Employment Agreement (Collins & Aikman Corp)

Bonus Plans. During the term of Employee's employment hereunder, Employee shall be eligible to participate beginning in 1997 in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan. The standard bonus for Employee under the EIC Plan shall be forty percent (40%) of Employee's Employees base salary. However, in no event for the first year of his participation in the EIC Plan shall he receive a cash bonus of less than $110,000 and less than $70,000 for his second year of participation in the EIC Plan.

Appears in 1 contract

Samples: Employment Agreement (Collins & Aikman Corp)

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