plus one percent Clause Samples

plus one percent. The Employee is hereby granted the right to participate in the Plan for each year prior to the Expiration Date. Employee, Mr. Hamner and Mr. North (each, a "Participant") shall be paid 60%, ▇▇% ▇▇▇ ▇▇%, respectively, under the Plan. In the event a Participant shall cease to be employed by the Company during the term of this Agreement, the amount payable to such Participant under the Plan shall thereafter be paid pro rata to the Participants remaining in the employ of the Company. The annual amount payable under the Plan shall be determined as soon as practicable each year following the availability of the Company's financial statements for the preceding year, and shall be paid in cash or other readily available funds to the Participants within ten days following such determination.