Incentive Bonus Plans. During the period of employment hereunder, Employee shall be entitled to participate in the Company’s incentive-based bonus plans, applicable to his employment position, in accordance with both the terms and conditions of such plans and the Company’s policies and procedures as established and amended from time to time.
Incentive Bonus Plans. During the term of his employment under this Agreement, the Employee will be eligible to participate in all bonus and incentive plans established by the Board including, without limitation, the Company’s 2003 Management Bonus Plan.
Incentive Bonus Plans. The Executive will be eligible to participate in any of the Employer’s long-term or short-term incentive plans on the same terms and conditions and in relative magnitude to other senior executive officers of the Employer, subject to annual bonus performance metrics and other terms and conditions of awards adopted in the sole and absolute discretion of the Compensation Committee on an annual basis.
Incentive Bonus Plans. The Executive will be entitled to participate in any incentive bonus plans applicable to senior executives of Quest Diagnostics as such plans are amended from time to time in accordance with the terms thereof. Commencing fiscal year 2002, the Executive will be eligible to receive an annual bonus award, in cash, with a target payout equal to thirty percent (30%) of his Salary if certain performance targets set forth by such plans are reached.
Incentive Bonus Plans. Employee will be eligible for any incentive plan put forward by the Company's Board of Directors. The Company will institute an employee stock option plan and Employee's allotment of said program will vest on a quarterly basis. During the term of his employment under this Agreement, at the Board's discretion, the Employee will also be eligible to participate in all bonus and incentive plans established by the Board.
Incentive Bonus Plans. During the term of his employment under this Agreement, at the Board’s discretion, the Employee will also be eligible to participate in all bonus and incentive plans established by the Board.
Incentive Bonus Plans. If Company becomes a public company and if there is a public offering, to the extent allowed by Securities and Exchange regulations and other applicable laws and regulations. Employee shall be eligible for pre-public offering stock purchase and to participate in any Company stock option programs on the same basis as an employee of comparable position and compensation as Employee, provided however: (i) Company is not obligated to and there is no guaranty that it will become a public company; (ii) Company is making no representation and is not obligated to provide any stock options to its employees or Employee at all; (iii) Company may structure its stock option plan(s), if any, in its sole discretion in accord with its business plans and purposes; and (iv) the Company's Board of Director(s) shall have sole discretion in determining who may or may not be entitled to stock options under the plan. As Employee becomes eligible, Employee shall be entitled to participate in all bonus, incentive, stock option, savings, and retirement plans, policies, and programs made available by the Company to other peer employees of the Company.
Incentive Bonus Plans. Employee will receive 250,000 incentive employee stock options per year, vesting quarterly. During the term of his employment under this Agreement, at the Board’s discretion, the Employee will also be eligible to participate in all bonus and incentive plans established by the Board.
Incentive Bonus Plans. During the term of his employment under this Agreement, the Employee will be eligible to participate in all bonus and incentive plans established by the Board and the Compensation Committee. Employee will be provided with a description of said bonus and incentive plans separately from this Agreement. The Employee shall also be entitled to a bonus of Seventy-Five Thousand Dollars ($75,000.00) when the Company achieves Ten Thousand (10,000) subscribers at the Company’s lowest price point of $60.00 per month or $600.00 per year. The Employee shall be entitled to an additional bonus of Seventy-Five Thousand Dollars ($75,000.00) when the Company’s monthly revenues (as determined in accordance with Generally Accepted Account Principles) are equal to One Million Dollars ($1,000,000.00) or more. The Company’s Compensation Committee will examine the Employee’s performance on at least an annual basis, to determine if the Employee is meeting the objectives provided by the Company under this Agreement. If the Compensation Committee determines that the Employee is meeting the requirements of this Agreement, the Employee shall be entitled to a bonus on each anniversary of this Agreement between fifty percent (50%) and one-hundred percent (100%) of the Employee’s Base Salary.
Incentive Bonus Plans. The Executive will be entitled to participate in any cash or equity incentive bonus plans generally applicable to senior executives of the Company as such plans are amended from time to time in accordance with the terms thereof. The Executive’s participation in such plans shall continue in substantially the same manner, relative to the other senior executives of the Company, as the Executive has participated in such plans in the past.
