Common use of Guaranteed Bonus Clause in Contracts

Guaranteed Bonus. Executive shall receive an annual guaranteed bonus equal to thirty percent (30%) of Executive’s base salary (the “Guaranteed Bonus”). The Guaranteed Bonus earned by Executive for any fiscal year shall be paid by the Company no later than the 15th day of the third month of the succeeding fiscal year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Heckmann CORP), Executive Employment Agreement (Heckmann CORP)

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Guaranteed Bonus. Executive shall receive an annual guaranteed bonus equal to thirty ten percent (3010%) of Executive’s base salary (the “Guaranteed Bonus”). The Guaranteed Bonus earned by Executive for any fiscal year shall be paid by the Company no later than in cash (except as otherwise elected by Executive pursuant to Section 4.3) during the period beginning on the first business day of the next succeeding fiscal year and ending on the 15th day of the third month of the such succeeding fiscal year.

Appears in 1 contract

Samples: Executive Employment Agreement (Heckmann CORP)

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Guaranteed Bonus. Executive shall receive an annual guaranteed bonus equal to thirty percent (30%) of Executive’s base salary (the “Guaranteed Bonus”). The Guaranteed Bonus earned by Executive for any fiscal year shall be paid by the Company no later than in cash (except as otherwise elected by Executive pursuant to Section 4.3) during the period beginning on the first business day of the next succeeding fiscal year and ending on the 15th day of the third month of the such succeeding fiscal year.

Appears in 1 contract

Samples: Executive Employment Agreement (Heckmann CORP)

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