Executive Bonus Program. Executive shall be eligible for an annual cash bonus, which shall not exceed one hundred percent (100%) of his base salary for such period. The bonus shall be determined in accordance with the following formula, which shall be calculated on March 31 of the year following the year for which the bonus is to be calculated: 1999: 2.5% of any net revenues in excess of 1998 net revenues. 2000: 2.5% of any net revenues in excess of 1999 net revenues.
Appears in 2 contracts
Sources: Employment Agreement (Oz Com), Employment Agreement (Oz Com)