Allocation of Compensation. The parties agree that 80% of Employee's base annual compensation, cash bonus and stock bonus shall be deemed to be compensation for services rendered and 20% thereof shall be compensation for the covenant not to compete set forth in Section 4 hereof.
Appears in 4 contracts
Sources: Employment Agreement (Sierra Resource Group Inc), Employment Agreement (Sierra Resource Group Inc), Employment Agreement (Sierra Resource Group Inc)
Allocation of Compensation. The parties agree that 80% 92 percent of -------------------------- Employee's base annual compensation, cash bonus compensation and stock bonus shall be deemed to be compensation for services rendered and 20% eight percent thereof shall be compensation for the covenant not to compete set forth in Section 4 hereof.
Appears in 2 contracts
Sources: Employment Agreement (Diamond Brands Inc), Employment Agreement (Diamond Brands Operating Corp)