Common use of Performance Pool Bonus Clause in Contracts

Performance Pool Bonus. In addition to the Retention Compensation and the Performance Incentive Bonus set forth above, Executive may be eligible to receive additional amounts based upon achievement of milestone objectives established by the Board of Directors of the Company to be allocated from the pool established on July 12, 2001 by the Board of Directors (any such amounts, a "Performance Pool Bonus"). The amount of the Performance Pool Bonus will be determined by the CEO of the Company, and Executive must be employed by the Company at the time of such determination in order to receive a Performance Pool Bonus.

Appears in 2 contracts

Samples: Retention Agreement (Allied Riser Communications Corp), Retention Agreement (Allied Riser Communications Corp)

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Performance Pool Bonus. In addition to the Retention Compensation and the Performance Incentive Bonus set forth above, Executive may be eligible to receive additional amounts based upon achievement of milestone objectives established by the Board of Directors of the Company Company, to be allocated from the pool established on July 12, 2001 2001, by the Board of Directors (any such amounts, a "Performance Pool Bonus"). The amount of the Performance Pool Bonus will be determined by the CEO of the Company, and Executive must be employed by the Company at the time of such determination in order to receive a Performance Pool Bonus.

Appears in 1 contract

Samples: Retention Agreement (Allied Riser Communications Corp)

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Performance Pool Bonus. In addition to the Retention Compensation and the Performance Incentive Bonus set forth above, Executive may be eligible to receive additional amounts based upon achievement of milestone objectives established by the Board of Directors of the Company to be allocated from the pool established on July 12, 2001 by the Board of Directors (any such amounts, a "Performance Pool Bonus"). The amount of the Performance Pool Bonus will be determined by the CEO Board of the CompanyDirectors, and Executive must be employed by the Company at the time of such determination in order to receive a Performance Pool Bonus.

Appears in 1 contract

Samples: Retention Agreement (Allied Riser Communications Corp)

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