Common use of Personal Objectives Clause in Contracts

Personal Objectives. Up to 20% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of personal objectives ("Personal Objectives") which shall be defined in a writing provided to the Executive by the Chief Executive Officer after January 1/st/ and prior to January 30/th/ of each year this Agreement is in effect except that in the year the Executive executes this Agreement such writing shall be provided within 60 days of the date of execution by the Executive. Based upon the Chief Executive Officer's evaluation of the Executive's attainment of the Personal Objectives, the Chief Executive Officer shall recommend to the Compensation Committee an award of Incentive Bonus of up to 12% of the Executive's Base Pay.

Appears in 4 contracts

Samples: Employment Agreement (Davel Communications Inc), Employment Agreement (Davel Communications Group Inc), Employment Agreement (Davel Communications Group Inc)

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Personal Objectives. Up to 2030% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of personal objectives ("Personal Objectives") which shall be defined in a writing provided to the Executive by the Chief Executive Officer Board of Directors after January 1/st/ and prior to January 30/th/ of each year this Agreement is in effect except that in the year the Executive executes this Agreement such writing shall be provided within 60 days of the date of execution by the Executive. Based upon the Chief Executive OfficerBoard of Director's evaluation of the Executive's attainment of the Personal Objectives, the Chief Executive Officer Board of Director's and the Chairman of the Board shall recommend to the Compensation Committee an award of Incentive Bonus of up to 1236% of the Executive's Base Pay.

Appears in 1 contract

Samples: Employment Agreement (Davel Communications Group Inc)

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Personal Objectives. Up to 20% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of personal objectives ("Personal Objectives") which shall be defined in a writing provided to the Executive by the Chief Executive Officer after January 1/st/ 1st and prior to January 30/th/ 30th of each year this Agreement is in effect except that in the year the Executive executes this Agreement such writing shall be provided within 60 days of the date of execution by the Executive. Based upon the Chief Executive Officer's evaluation of the Executive's attainment of the Personal Objectives, the Chief Executive Officer shall recommend to the Compensation Committee an award of Incentive Bonus of up to 12% of the Executive's Base Pay.

Appears in 1 contract

Samples: Employment Agreement (Davel Communications Group Inc)

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