Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum bonus in the amount of 35% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 2 contracts
Samples: Employment Agreement (Travel Services International Inc), Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 2 contracts
Samples: Employment Agreement (Travel Services International Inc), Execution Coy (Travel Services International Inc)
Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 75% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 2 contracts
Samples: Execution Copy (Travel Services International Inc), Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall it is TSI's intent to develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 100% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 1 contract
Samples: Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 100% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 1 contract
Samples: Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum The maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 1 contract
Samples: Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 1 contract
Samples: Employment Agreement (Travel Services International Inc)
Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall it is TSI's intent to develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.
Appears in 1 contract
Samples: Employment Agreement (Travel Services International Inc)