Management Bonus. The Executive shall receive an annual bonus equal to 5% of the Company's increase in incremental (measured from the previous year) year-end pre-tax net income. Bonus calculation for fiscal year 2001 shall use as a basis zero dollars profit for fiscal year 2000, whereas the Executive shall not be paid a bonus on the difference between zero dollars profit and the Company's 2000 year-end loss.
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Samples: Employment Agreement (1-800 Attorney Inc), Employment Agreement (1-800 Attorney Inc)
Management Bonus. The Executive shall receive an annual bonus equal to 5% of the Company's increase in incremental (measured from the previous year) year-end pre-tax net income. Bonus calculation for fiscal year 2001 1999 shall use as a basis basis, zero dollars profit for fiscal year 20001998, whereas the Executive shall not be paid a bonus on the difference between zero dollars profit and the Company's 2000 $885,337.00 1998 year-end loss.
Appears in 1 contract
Samples: Employment Agreement (Publishing Co of North America Inc)
Management Bonus. The Executive shall receive an annual bonus equal to 52.5% of the Company's increase in incremental (measured from the previous year) year-end pre-tax net income. Bonus calculation for fiscal year 2001 shall use as a basis zero dollars profit for fiscal year 2000, whereas the Executive shall not be paid a bonus on the difference between zero dollars profit and the Company's 2000 year-end loss.
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