Payment of Bonuses. Of the Operational Incentive Bonus and the Profit Incentive Bonus amounts so calculated, FIFTY (50%) PER CENT thereof shall be paid to Employee in cash within 30 days following delivery to Employer of the audited statements prepared by the Company’s independent certified public accountants following the Company’s year end and the remaining FIFTY (50%) PER CENT shall be payable to Employee by the issuance of Common Stock Purchase Options (the “Incentive Purchase Option Amount”) as provided herein below.
Appears in 4 contracts
Samples: Agreement (Mojo Ventures, Inc), Employment Agreement (Mojo Ventures, Inc), Employment Agreement (Mojo Ventures, Inc)
