EXTRA BONUS Sample Clauses
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EXTRA BONUS. In addition to the cash bonuses described in clauses (ii) and (iii) above, Executive shall be entitled to (in addition to other cash bonuses under this Agreement) earn an additional bonus equal to twenty-five percent (25%) of his Base Salary, if the Company by the end of fiscal year ending December 31, 2007 meets the following objectives:
(A) Increase Midnight Holdings Group Gross Revenue (as hereinafter defined) by at least 20%; and, Employment Agreement - ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
(B) Increase Midnight Auto Franchise Corp. Revenues (as hereinafter defined) by at least 15%.
EXTRA BONUS. If you also contribute to your Standard Life RRSP an amount at least equal to your profit sharing of the previous year + 50%, the Company will add 50% of the profit sharing amount to the RPP deposit (an additional 30%). Contact the Plan Administrator for more information. If you just participated in the profit sharing for the first time, your qualifying contribution may be slightly different, so please contact the Plan Administrator. Once you become a member of the pension plan, future profit sharing contributions will automatically be directed to that account. Employer contributions to the RPP (Registered Pension Plan) are subject to federal locking-in rules, which means that they can only be withdrawn through retirement income (LIF – Life Income Fund or annuity) starting at retirement no earlier than age 55 (Cash out as for RRSP is not available).