Common use of Sales Bonus Clause in Contracts

Sales Bonus. Commencing January 1, 1998, the Company shall pay the Employee a bonus equal to 1% of the consolidated sales of the Company and its Subsidiaries in excess of $30 million, provided that the PTP exceeds the PTP Threshold. For this purpose, sales shall only include resales of seismic data, oil and gas sales and any other recurring sales. The Company may, in its sole discretion, advance monthly to Employee any amounts which would otherwise be due to Employee under this paragraph (c) assuming that the PTP Threshold for such year is achieved.

Sales Bonus. Commencing January 1, 1998, the Company shall pay the Employee a bonus equal to 1% of the consolidated sales of the Company and its Subsidiaries in excess of $30 million, provided that the PTP exceeds the PTP Threshold. For this purpose, sales shall only include resales of seismic data, oil and gas sales and any other recurring sales. The Company may, in its sole discretion, advance monthly to Employee any amounts which would otherwise be due to Employee under this paragraph (c) assuming that the PTP Threshold for such year is achieved.