Guaranteed Bonus. The Executive shall be entitled to a guaranteed bonus each year during the Employment Term (pro-rated for partial years) in an amount equal to the excess of $50,000 over the actual costs reimbursed to the Executive by the Company pursuant to Section 3.7.
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Samples: Employment Agreement (Vermont Pure Holdings LTD/De), Employment Agreement (Vp Merger Parent Inc), Employment Agreement (Vermont Pure Holdings LTD/De)
Guaranteed Bonus. The In addition to the Base Salary, Executive shall be entitled to a yearly guaranteed bonus each year during of Fifty Thousand Dollars ($50,000.00) (the Employment Term (pro-rated for partial years) “Guaranteed Bonus”). The Guaranteed Bonus shall be paid to Executive in an amount equal to periodic installments in accordance with the excess of $50,000 over the actual costs reimbursed to the Executive by the Company pursuant to Section 3.7Company’s normal payroll schedule.
Appears in 1 contract
Samples: Employment Agreement (Summit Financial Services Group Inc)
Guaranteed Bonus. The Executive shall be entitled to a guaranteed bonus each year during the Employment Term (pro-rated for partial years) in an amount equal to the excess of $50,000 (if the Executive is not engaged in Reduced Employment) or $15,000 (if the Executive is engaged in Reduced Employment), as the case may be, over the actual costs reimbursed to the Executive by the Company pursuant to Section 3.7.
Appears in 1 contract
