Formulation. The Annual Performance Bonus will be determined from Employer's earnings before state and federal taxes ("Before Tax Earnings"). The Board shall each year during the term of this Agreement establish a Performance Bonus Criteria (herein so called) which shall be Employer's budgeted Before Tax Earnings for that year and which shall not be less than the Performance Bonus Criteria for the immediately preceding year.
Appears in 3 contracts
Samples: Employment Agreement (Snelling & Snelling Inc), Employment Agreement (Snelling & Snelling Inc), Employment Agreement (Snelling & Snelling Inc)
