Common use of Incentive Bonus Plan Clause in Contracts

Incentive Bonus Plan. Not later than June 30, 1997, the Board will develop a written Annual Incentive Bonus Plan (the "Incentive Bonus Plan") setting forth the criteria under which Employee and other officers and key employees will be eligible to receive year-end bonus awards based upon individual performance and the achievement by the Company of the prior year projections. The Incentive Bonus Plan will provide for Employee's bonus as set forth in Schedule 1 hereto.

Appears in 4 contracts

Samples: Employment Agreement (Prime Foods Development Corp), Employment Agreement (Prime Foods Development Corp), Employment Agreement (Prime Foods Development Corp)

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