Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.
Appears in 13 contracts
Samples: Employment Agreement (Ponder Industries Inc), Employment Agreement (Billing Concepts Corp), Employment Agreement (U S Long Distance Corp)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.. Should the Company change control, the Compensation Committee may consider a bonus to the Employee as part of a severance package
Appears in 3 contracts
Samples: Employment Agreement (Lakota Technologies Inc), Employment Agreement (Kunik Burton J), Employment Agreement (Us Medical Systems Inc)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.. 3.3
Appears in 2 contracts
Samples: Employment Agreement (New Century Equity Holdings Corp), Employment Agreement (New Century Equity Holdings Corp)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee. Should the Employer change control, the Compensation Committee may consider a bonus to the Employee as part of a severance package.
Appears in 2 contracts
Samples: Employment Agreement (Sharps Compliance Corp), Employment Agreement (Sharps Compliance Corp)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.. Should the Company change control, the Compensation Committee may consider a bonus to the Employee as par of a severance package
Appears in 1 contract
