Common use of Incentive Bonus Plan Clause in Contracts

Incentive Bonus Plan. During the Term, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Milestones”). The Annual Bonus is computed as a percentage of the Executive’s base salary for the fiscal year for which achievement of the Financial and Business Milestones relate.

Appears in 1 contract

Samples: Employment Agreement (Uroplasty Inc)

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Incentive Bonus Plan. During the TermTerm and beginning for 2010, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be ) based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Performance Milestones”). The Annual Bonus is computed as for attainment of 100% of the Performance Milestones for a particular year will be such percentage of the Executive’s base salary for as set from time to time by the fiscal year for which achievement of the Financial and Business Milestones relateCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Datalink Corp)

Incentive Bonus Plan. During the Term, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be ) based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Performance Milestones”). The Annual Bonus is computed as a percentage for attainment of 100% of the Executive’s base salary Performance Milestones for a particular year is $125,000, subject to review and adjustment from time to time by the fiscal year for which achievement of the Financial and Business Milestones relateCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Datalink Corp)

Incentive Bonus Plan. During the TermTerm and beginning for 2012, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be ) based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Performance Milestones”). The Annual Bonus is computed as for attainment of 100% of the Performance Milestones for a particular year will be such percentage of the Executive’s base salary for as set from time to time by the fiscal year for which achievement of the Financial and Business Milestones relateCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Datalink Corp)

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Incentive Bonus Plan. During the Term, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be ) based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Performance Milestones”). The Annual Bonus is computed as a percentage for attainment of 100% of the Executive’s base salary Performance Milestones for a particular year is $60,000, subject to review and adjustment from time to time by the fiscal year for which achievement of the Financial and Business Milestones relateCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Datalink Corp)

Incentive Bonus Plan. During the Term, the Executive is entitled to an annual cash bonus (the “Annual Bonus”), a part of which will be based on attainment of particular financial milestones (the “Financial Milestones”) and the other part of which will be based on attainment of particular business milestones (the “Business Milestones”). The Annual Bonus is computed as a percentage (not exceeding 50%) of the Executive’s base salary for the fiscal year for which achievement of the Financial and Business Milestones relate.

Appears in 1 contract

Samples: Employment Agreement (Uroplasty Inc)

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