Sales Incentive Program Sample Clauses

Sales Incentive Program. For every new incremental $1million in sales annually Executive will be awarded 5,000 shares of Soupman, Inc. stock. The maximum 0000 Xxxxx Xxxxxx – Xxxxxx Xxxxxx, XX 00000 - Telephone: (000) 000-XXXX Fax: (000) 000-0000 amount of shares to earn is 500,000 shares based on a cap of $100 million in sales for this bonus.
Sample 1
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Sales Incentive Program. Commencing on the Effective Date and continuing through April 30, 2019, the Employee shall be eligible to participate in the Company’s sales incentive program for sales personnel, as in effect and as amended from time to time by the Company (the “Sales Program”). In connection with the Sales Program, commencing on the Effective Date and continuing through April 30, 2019, the Employee will be entitled to a sales incentive equal to one-quarter of one percent (0.25%) of the net revenue collected and earned from Products sales originated by the Employee and any other salesperson employed by the Company, payable quarterly in arrears (the “Sales Incentive”). The Company and the Employee acknowledge and agree that the Sales Program, the Sales Incentive and any other sales incentives and commissions will terminate effective May 1, 2019.
Sample 1
Sales Incentive Program. For every new incremental $1million in sales annually Xx. Xxxxxx will be awarded 5,000 shares of SoupMan Inc. stock. The maximum amount of shares to earn is 500,000 shares based on a cap of $100 million in sales for this bonus. The potential earn of sales incentive is 500,000 additional shares of SOUP.
Sample 1
Sales Incentive Program. Immediately following the Closing, Seller and Purchaser shall establish a sales incentive bonus program (the "Incentive Bonus Program") for certain identified sales staff of Seller ("Eligible Sales Staff") engaged in the transition of customer accounts from Seller to Purchaser during the Earn-Out Period. Seller and Purchaser shall each contribute an amount equal to one and one-half percent (1.50%) of the first $8,000,000 of Earn-Out Revenues during the Earn-Out Period (i.e. $120,000) to the Incentive Bonus Program (each such contribution, a "Sales Incentive Contribution" and, collectively, the "Sales Incentive Contributions"). The Sales Incentive Contributions shall be funded by Purchaser and Seller on a quarterly basis within fifteen (15) days following the end of each fiscal quarter and any payments to Eligible Sales Staff shall be made within thirty (30) days following the end of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2004. In the event that Seller fails to make any Sales Incentive Contribution(s) as required by the terms hereof, Purchaser shall have the right, but not the obligation, to make such Sales Incentive Contribution(s) on Seller's behalf and to set off the amount(s) thereof against the amount of any Contingent Consideration payable to Seller pursuant to Section 2.4(b) hereof. The administration of the Sales Bonus Program (i.e. determination of eligible staff, defined level of support, projected payment amounts, etc.) shall be determined by one designated representative of Seller and two designated representatives of Purchaser and all such determinations shall be final. The amount of any Sales Incentive Contributions that are not distributed to Eligible Sales Staff on or before the end of the Earn-Out Period pursuant to the terms of the Incentive Bonus Program shall be returned to Purchaser and Seller in the same proportions as such Incentive Sales Contributions were originally made within thirty (30) days following the end of the Earn-Out Period. All Incentive Sales Contributions shall be held by Purchaser pending distribution to Eligible Sales Staff and/or return to Purchaser and Seller as provided herein. In the event that Purchaser and Seller are unable to agree on the determination of any matter under this Section 7.4, either Purchaser or Seller may deliver to the other a Dispute Notice and, thereafter, the parties shall endeavor to resolve such disputed items in the manner, and pursuant to the terms, p...
Sample 1
Sales Incentive Program. The Employee shall be eligible to participate in the Company’s sales incentive program for sales personnel, as in effect and as amended from time to time by the Company (the “Sales Program”). In connection with the Sales Program, the Employee will be entitled to a sales incentive equal to one-quarter of one percent (0.25%) of the net revenue collected and earned from Products sales originated by the Employee and any other salesperson employed by the Company, payable quarterly in arrears (the “Sales Incentive”). The Company and the Employee acknowledge and agree that the Sales Incentive will terminate effective December 31, 2019, notwithstanding any extension of the Term hereunder as set forth in Section 6 hereof.
Sample 1
Sales Incentive Program. Promptly following the date of this Agreement, the Parties shall work in good faith to design and mutually agree on the terms of a sales incentive plan providing for incentive bonuses of up to $10,000,000 in the aggregate to eligible Transferred Employees, which terms shall generally include the eligibility, performance and other guidelines set forth on Schedule 6.5 (the “Sales Incentive Program”). If this Agreement terminates for any reason other than pursuant to Section 9.1.4, within 30 days following such termination, Buyer shall pay to Seller the amount owed, or committed to be paid, by Seller pursuant to the Sales Incentive Program up to an aggregate of $10,000,000, plus all applicable employer payroll taxes and similar amounts. Seller shall, following consultation in good faith with Xxxxx, communicate to eligible Business Employees the relevant provisions in this Section 6.5. Seller shall provide Buyer with a copy of the template communication at least 10 Business Days prior to such communication and will reflect any comments promptly received from Seller. For the avoidance of doubt, Xxxxx’s obligations under this Section 6.5 shall be in addition to Buyer’s other obligations under this Article 6.
Sample 1

Related to Sales Incentive Program

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • MIP The term "MIP" for purposes of this Agreement shall mean --- the SunTrust Banks, Inc. Management Incentive Plan or, if there is any material change in the terms, operation or administration of such plan following a Change in Control, any successor to such plan in which Executive is eligible to participate and which provides an opportunity for a bonus for Executive which is comparable to the opportunity which Executive had under such plan before such Change in Control or, if Executive reasonably determines that there is no such plan in which Executive is eligible to participate but SunTrust or a parent corporation maintains a short term bonus plan for the benefit of senior executives which provides for such an opportunity, such other plan as agreed to by Executive and the Compensation Committee.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

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