Common use of Incentive Clause in Contracts

Incentive. If AMERX net sales for the fiscal 2022 quarter are over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

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Incentive. If AMERX net sales for the fiscal 2022 2020 quarter are over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the current fiscal 2022 year quarter are over the prior fiscal years' net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.503.5% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the fiscal 2022 2021 quarter are increase at least 15% but less than 25% over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.504.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the fiscal 2022 2021 quarter are over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the fiscal 2022 2020 quarter are increase at least 15% but less than 25% over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.504.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

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Incentive. If AMERX net sales for the fiscal 2022 2021 quarter are increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.502.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the fiscal 2022 quarter are increase at least 15% but less than 25% over the prior fiscal years’ net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.504.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.

Appears in 1 contract

Samples: And Amended Executive Employment Agreement (Procyon Corp)

Incentive. If AMERX net sales for the current fiscal 2022 year quarter are increase at least 15% but less than 25% over the prior fiscal years' net sales for the corresponding quarter, but the increase is less than 15%, incentive pay will consist of a cash payment equal to 3.504.25% of net sales growth for that quarter over the prior fiscal years' net sales for that quarter.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

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