Bonus Provision. As an Executive of GNA or TAC, Employee shall be eligible for a bonus up to 50% percent of Base Salary. The Company may approve discretionary bonus amounts above 50% of Base Salary based on results. To receive a bonus, the Employee must be employed by GNA or TAC on the payment date of the bonus. The amount of the bonus, which will be paid to Employee within a reasonable time (no later than March 15) after the end of the fiscal year, will be determined by GNA in its discretion taking into account the goals and objectives of the bonus plan established for each fiscal year. Attachment I to this agreement specifies fiscal year 2009 bonus criteria.
Bonus Provision. Buyer shall provide for the payment of bonuses --------------- to employees of the Merger Subs in the aggregate amount of four hundred and seventy thousand dollars ($470,000).
Bonus Provision. This bonus provision applies only in the event Employer pays, in whole or in part, a certain deferred payment obligation to Prinxx-Xxxx Xxxormation Systems Management, Inc. ("PRISM") pursuant to a certain Professional Services AGREEMENT between Employer and PRISM of the 1st day of July 1992, in which event Employee shall receive, one third (1/3) of the amount paid by Employer to PRISM for each such payment, as a bonus payment, payable in the calendar year in which the deferred payment obligation of Employer to PRISM is paid.
Bonus Provision. 14. For every $500,000.00 investment, the Investor shall receive a twenty percent (20%) bonus in the form of restricted, unregistered common stock to be registered in conjunction with the larger equity raise to follow. As example, each individual investment of $500,000.00 shall be entitled to a stock bonus of 100,000 shares. For each investment of $1,000,000.00 a stock bonus of 200,000 shares shall be issued to the Investor SIGNATURE PAGE FOLLOWS DATE: ___________________________________ Xxxx "JT" Thatch, CEO/President of ONSCREEN TECHNOLOGIES, INC. DATE: ___________________________________ By: ___________________________________ [PAYEE]
Bonus Provision. Bxxxx shall receive a one time sign on bonus of $100,000.00, due and payable upon completion of the Equity Round of financing. In addition, Bxxxx shall receive an annual bonus as follows:
Bonus Provision. Cxxxxx shall receive a one time sign on bonus of $50,000.00, due and payable upon completion of the Equity Round of financing. In addition, Cxxxxx shall receive an annual bonus as follows: a. During the first year of employment the annual bonus is guaranteed to be at least twenty-five percent (25%) of his annual base salary with the potential of receiving up to fifty percent (50%) of his annual base salary based upon performance. Said annual bonus to be paid within thirty (30) days of Cxxxxx'x first anniversary date with the Company; b. During ensuing years, Cxxxxx shall receive a minimum annual bonus of at least fifteen percent (15%) of his base annual salary with the potential of receiving up to twenty-five percent (25%) of his annual base salary based upon performance. Said annual bonus to be paid within thirty (30) days of each subsequent anniversary date with the Company.
Bonus Provision. This bonus provision applies only in the event Employer pays, in whole or in part, a certain deferred payment obligation to Prinxx-Xxxx Xxxormation Systems Management, Inc. ("PRISM") pursuant to a certain Professional Services AGREEMENT between Employer and PRISM of the 1st day of July 1992, in which event Employee shall receive, one third (1/3) of the amount paid by Employer to PRISM for each such payment, as a bonus payment, payable in the calendar year in which the deferred payment obligation of Employer to PRISM is paid. EMPLOYMENT AGREEMENT MODIFICATION #1 The AGREEMENT dated and effective the 2nd day of January 1993, between Open Solutions Inc., a Delaware corporation, with a place of business at 330 Xxxxxxx Xxxx, Vernxx, Xxnnecticut 06066 ("Employer") and Grahxx Xxxxxx, xxdividually, with a residence at 64 Dxxxxx Xxx, Xxxxxxx Xxxxx, Xxx Xxxx ("Xmployee") is modified as follows: Schedule A is modified such that the reference to one third (1/3) in the Bonus Provision thereof shall read one half (1/2).
