Bonus Pool. The aggregate bonus pool for a fiscal year shall not exceed 10% of Consolidated Operating Income for such fiscal year, and the actual amount shall be determined by the Committee in its sole discretion. If the number does exceed 10% of operating income, the difference shall be paid in stock. "Consolidated Operating Income" means the Company's consolidated operating income for the fiscal year. The calculation of Consolidated Operating Income shall be in accordance with generally accepted accounting principles (including FAS 14), adjusted to exclude the following:
Appears in 3 contracts
Sources: Executive Employment Agreement (Gender Sciences Inc), Executive Employment Agreement (Gender Sciences Inc), Executive Employment Agreement (Gender Sciences Inc)