Common use of Employee Bonuses Clause in Contracts

Employee Bonuses. Beginning with the second (2nd) Project Year and for each Project Year thereafter, Operator shall pay to the Operator Personnel and the GE O&M Personnel as bonuses in the aggregate not less than twenty-five percent (25%) of the AFAA for each such Project Year; provided, however, Owner may pay, in Owner's sole discretion, additional bonuses to the Operator Personnel and the GE O&M Personnel during any Project Year.

Appears in 2 contracts

Samples: Operation and Maintenance Agreement (Cogen Technologies Inc), Operation and Maintenance Agreement (Cogen Technologies Inc)

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Employee Bonuses. Beginning with the second (2nd) Project Year and for each Project Year thereafter, Operator shall pay to the Operator Personnel and the GE O&M Personnel as bonuses in the aggregate not less than twenty-five percent (25%) of the AFAA for each such Project Year; provided, however, Owner may pay, in Owner's sole discretion, additional bonuses to the Operator Personnel and the GE O&M Personnel during any Project Year.

Appears in 1 contract

Samples: Operation and Maintenance Agreement (East Coast Power LLC)

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Employee Bonuses. Beginning with the second (2nd) Project Year and ---------------- for each Project Year thereafter, Operator shall pay to the Operator Personnel and the GE O&M Personnel as bonuses in the aggregate not less than twenty-five percent (25%) of the AFAA for each such Project Year; provided, however, Owner may pay, in Owner's sole discretion, additional bonuses to the Operator Personnel and the GE O&M Personnel during any Project Year.

Appears in 1 contract

Samples: Operation and Maintenance Agreement (Cogen Technologies Inc)

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