Common use of Other Compensation Plans Clause in Contracts

Other Compensation Plans. The Executive shall be entitled to participate in any stock option plans, or other compensation plans offered by the Company to its officers and directors, subject to the terms and conditions contained therein. In addition to any other compensation provided during the Employment Term, in any calendar year of the Employment Term in which the Executive's promissory notes relating to restricted stock owned by the Executive remain outstanding, the Executive shall be entitled to receive a bonus equal to the amount of interest accrued under such promissory notes during such calendar year plus the amount of applicable taxes due with respect to such bonus such that the net after-tax bonus amount shall equal such amount of accrued interest.