Common use of Commitment Bonus Clause in Contracts

Commitment Bonus. In recognition of Executive's commitment to be employed by the Company, in addition to any bonuses that may be earned by the Executive under any bonus compensation plans established by the Company, the Company will make a one-time payment of $35,000 to the Executive, on an agreed date, but not later than January, 1999.

Appears in 1 contract

Sources: Employment Agreement (Sse Telecom Inc)

Commitment Bonus. In recognition of Executive's commitment to be employed by the Company, in addition to any bonuses that may be earned by the Executive under any bonus compensation plans established by the Company, the Company will make a one-time payment of $35,000 50,000 to the Executive, on an agreed date, but not later than January, 1999.

Appears in 1 contract

Sources: Employment Agreement (Sse Telecom Inc)