Common use of Performance Bonus Plan Clause in Contracts

Performance Bonus Plan. The Executive shall be entitled to a bonus equal to: (1) 10% of Executive's salary to the extent that Net Income of the Company shall exceed $1,000,000. a) An additional 1% of Executive's salary for each increment of $100,000 in the Company's Net Income over $1,000,000 up to $6,000,000, and b) to the extent that the Company's net income exceeds $6,000,000, executive shall receive a bonus of 65% of salary plus 1.5% of executive's salary for each $100,000 increment over $6,000,000. (3) For the purpose of this paragraph, Net Income is defined as net income reported in S.E.

Performance Bonus Plan. The Executive shall be entitled to a bonus equal to: : (1) 105% of Executive's salary to the extent that Net Income of the Company shall exceed $1,000,0002,000,000. (2) a) An additional 11/2% of Executive's salary for each increment of $100,000 in the Company's Net Income over $1,000,000 2,000,000 up to $6,000,000, and b) to the extent that the Company's net income exceeds $6,000,000, executive shall receive a bonus of 6530% of salary plus 1.53/4% of executive's salary for each $100,000 increment over $6,000,000. (3) For the purpose of this paragraph, Net Income is defined as net income reported in S.E.

Performance Bonus Plan. The Executive shall be entitled to a bonus equal to: (1) 1020% of Executive's salary to the extent that Net Income of the Company shall exceed $1,000,000. (2) a) An additional 12% of Executive's salary for each increment of $100,000 in the Company's Net Income over $1,000,000 up to $6,000,000, and b) to the extent that the Company's net income exceeds $6,000,000, executive shall receive a bonus of 65130% of salary plus 1.53% of executive's salary for each $100,000 increment over $6,000,000. (3) For the purpose of this paragraph, Net Income is defined as net income reported in S.E.

Performance Bonus Plan. The Executive shall be entitled to a bonus equal to: (1) 1020% of Executive's salary to the extent that Net Income of the Company shall exceed $1,000,000. (2) a) An additional 12% of Executive's salary for each increment of $100,000 in the Company's Net Income over $1,000,000 up to $6,000,000, and b) to the extent that the Company's net income exceeds $6,000,000, executive shall receive a bonus of 65130% of salary plus 1.53% of executive's salary for each $100,000 increment over $6,000,000. (3) For the purpose of this paragraph, Net Income is defined as net income reported in S.E.