Guaranteed Bonuses. During each twelve (12)-month period of the Term, the Company shall pay Employee a guaranteed bonus in an amount equal to ONE HUNDRED THOUSAND DOLLARS ($100,000), prorated for any portion thereof, payable in arrears at the end of each three (3)-month period during such twelve (12)-month period of the Term. Amounts payable to Employee pursuant to this Section 5 shall be subject to required withholdings and reviewed for any increases annually by the Committee, provided that any adjustments shall be in the sole discretion of the Committee.
Appears in 4 contracts
Samples: Employment Agreement (Artistdirect Inc), Employment Agreement (Artistdirect Inc), Employment Agreement (Artistdirect Inc)
