No Bonus Sample Clauses
The "No Bonus" clause explicitly states that no additional compensation, such as bonuses or incentive payments, will be provided beyond the agreed-upon salary or fees. In practice, this means that the employee or contractor should not expect any form of extra payment, regardless of performance or company profitability. This clause serves to set clear expectations regarding compensation, preventing misunderstandings or disputes over potential bonus entitlements.
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No Bonus. The parties hereto agree that they shall not agree to pay or receive any commission, percentage, bonus, or consideration of any nature, other than the payment provided for in Section VI above, for their performance and services under this AGREEMENT.
No Bonus. ▇▇. ▇▇▇▇▇▇ will have no entitlement to participate in QLT’s Cash Incentive Compensation Plan for the year in which she resigns her employment with QLT or any prior year; and
No Bonus. No Bonus shall be payable hereunder to Employee if Employee's employment is terminated for Cause prior to the Payment Date.
No Bonus. The parties hereto agree that they shall not agree to pay or receive any commission, percentage, bonus, or consideration of any nature, other than the payment provided for in Section VI above, for their performance and services under this AGREEMENT. The members of the BOARD agree individually that they do not now and during the term of this AGREEMENT will not have any direct or indirect ownership or financial interest in the company or firm that submitted a bid or a proposal respectively, the CONTRACTOR, the CEI consulting firm selected for this project, any subcontractor or supplier of the project, or with any other BOARD member. The members of the BOARD affirm and agree that except for services as a BOARD member on other DEPARTMENT projects, that they have not, for a period of two years prior to the date of execution of this CONSTRUCTION CONTRACT, been an employee, subcontractor, or consultant to the CONTRACTOR, the CEI consulting firm selected for this project, any subcontractor or supplier of the project, or of another BOARD member, and that during the term of this CONSTRUCTION CONTRACT they shall not become so involved. The members of the BOARD also agree that they have not, for a period of two years prior to the date of execution of the project’s CONSTRUCTION CONTRACT, been employed by the Central Office of the DEPARTMENT or the DEPARTMENT’S District in which the project is located. Furthermore, the members of the BOARD affirm that they are not employed by the CONTRACTOR or CEI consulting firm that has on- going work or contracts pending with the DEPARTMENT. Finally, the members of the BOARD agree that they are not a full-time employee of a DEPARTMENT prequalified contractor or prequalified consultant. Should, during the life of the CONSTRUCTION CONTRACT, the CONTRACTOR or CEI consulting firm employing the BOARD member secure additional work within the District in which the CONSTRUCTION CONTRACT is located, the BOARD member should notify the CONTRACTOR and the DEPARTMENT of such change and may continue to serve on the BOARD unless either the DEPARTMENT or the CONTRACTOR have good cause to reject the member. The members of the BOARD, the DEPARTMENT, and the CONTRACTOR agree that during the life of the CONSTRUCTION CONTRACT, no unilateral discussion will be had or agreement will be made between any BOARD member and any party to this AGREEMENT for employment after the CONSTRUCTION CONTRACT is completed.
No Bonus. ▇▇. ▇▇▇▇▇▇▇▇▇▇ will have no entitlement to participate in QLT's Cash Incentive Compensation Plan for the year in which he resigns his employment with QLT; and
No Bonus. For the avoidance of doubt, Execute acknowledges that no incentive award shall be payable pursuant to Section 5 if Executive Terminates his employment pursuant to this Section 17.
No Bonus. M▇. ▇’▇▇▇▇▇▇▇▇▇ will have no entitlement to any unpaid amounts under QLT’s Cash Incentive Compensation Plan; and
No Bonus. Employee will not be eligible for any bonus with respect to ---------- services rendered before or after August 1, 2003.
No Bonus. The Company hereby represents that there is no present intention to pay any Company officer at the Executive Vice President level a bonus pursuant to the Executive Incentive Compensation Plan adopted by the Board of Directors in December of 2002 (the “Plan”) because the relevant revenue targets under the Plan have not been reached, and, in reliance thereupon, Employee expressly waives any claim to an earned bonus for the year 2003.
No Bonus. Except as set forth on Schedule 5.5, none of the Company Interests was issued pursuant to awards, grants or bonuses in contemplation of the Exchange or the Home Plan of Organization.