Common use of Annual Bonus Clause in Contracts

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual bonus (“Annual Bonus”) of 100% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earned.

Annual Bonus. During the Employment PeriodTerm of Employment, the Executive will shall be entitled eligible to receive an annual performance bonus for each fiscal year of the Employer at the discretion of the Employer, payable in cash (each an “Annual Bonus”) of 100% of Base Salary at target performance), with the actual amount earned payable in cash. Such bonus which shall be paid no later than March 15th of determined in accordance with criteria established by the year following Board or any compensation committee appointed by the year in which it was earnedBoard.

Annual Bonus. During the Employment Period, Executive will be entitled eligible to receive earn an annual Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus (“Annual Bonus”) of 100for that year up to 30% of then-current Base Salary at target performance, with the actual amount earned payable in cashSalary. Such bonus shall be paid no later than March 15th is wholly discretionary, and is dependent on several factors including the performance of the year following the year in which it was earnedcompany. The Executive is not entitled to a bonus solely as result of meeting his goals.

Annual Bonus. During In addition to the Base Salary, during the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus (“the "Annual Bonus”") based on a target annual bonus (the "Target Bonus," which term shall include any subsequent adjustments thereto) of 100an amount equal to 50% of the Base Salary at target performance, with the actual amount earned payable in cashSalary. Such bonus Annual Bonus shall be paid no later than March 15th subject to the terms and conditions of the year following the year in which it was earnedCompany's annual bonus plan.

Annual Bonus. During the Employment PeriodTerm, Executive will shall be entitled eligible to receive an annual bonus based upon the achievement of performance goals established from year to year by the Chief Executive Officer and President (the “Annual Bonus”) of 100% of Base Salary at target performance, with the actual amount earned ). Any Annual Bonus that becomes payable in cash. Such bonus to Executive shall be paid no later than by March 15th of the fiscal year of the Bank immediately following the year in to which it was earnedsuch Annual Bonus relates.

Annual Bonus. During the Employment Period, Executive will shall be entitled eligible to receive earn an annual bonus (the “Annual Bonus”) based upon the achievement of 100% of Base Salary at target performance, with corporate and/or individual performance goals established by the actual amount Board in its sole and absolute discretion. Any Annual Bonus earned payable in cash. Such bonus by Executive shall be paid to Executive no later than March 15th of the year following the year in to which it such Annual Bonus relates; provided, that no Annual Bonus will be paid to Executive unless Executive has been continuously employed by the Employer through the end of the fiscal year for which the Annual Bonus was earned.

Annual Bonus. During the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) of 100with a target amount equal to 60% of Executive’s Base Salary at target performancethe end of the performance period (the “Annual Target Bonus”). The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th to Executive within two and one-half months after the end of the year following the applicable fiscal year. Except as provided in Section 5, no Annual Bonus shall be payable in respect of any fiscal year in which it was earnedExecutive’s employment is terminated.

Annual Bonus. During For each complete fiscal year of the Employment PeriodTerm, the Executive will shall be entitled eligible to receive earn an annual bonus (“the "Annual Bonus”") of 100% equal to a percentage of Base Salary (the "Target Bonus") established by the Board, as in effect at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th beginning of the year following applicable fiscal year, based on achievement of target performance goals and benchmarks (i.e., products brought to market, production and revenue goals) mutually established by the year in which it was earnedBoard and the Executive.

Annual Bonus. During With respect to each fiscal year ending during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) based upon the achievement of 100certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 55% of the Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th subject to Executive’s achievement of the year following the year in which it was earnedsuch performance targets.

Annual Bonus. During each calendar year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive an annual earn a cash performance bonus (“Annual Bonus”) of up to 100% of Base Salary at target performance(the “Bonus”), with the actual amount earned payable in cash. Such bonus which Bonus shall be earned and paid no later than March 15th in the sole discretion of the year following the year in which it was earnedCompany’s Board of Directors.

Annual Bonus. During With respect to each fiscal year ending during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) based upon the achievement of 100certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 60% of the Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th subject to Executive’s achievement of the year following the year in which it was earnedsuch performance targets.

Annual Bonus. During With respect to each full calendar year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (“an "Annual Bonus”") targeted at eighty percent (80%) of 100Executive's Base Salary (the "Target"), payout to range from 0 - 200% of Base Salary at target performanceTarget, with based upon the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th achievement of performance targets established by the year following the year in which it was earnedBoard.

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual target bonus (“Annual Bonus”) of 100% one hundred percent of Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such If Executive’s annual target bonus shall be paid no later than March 15th is increased or decreased by the Company, such increased or decreased annual target bonus will then constitute the target bonus for all purposes of the year following the year in which it was earnedthis Agreement.

Annual Bonus. During For each calendar year completed during the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“Annual Bonus”) based upon the attainment of 100% performance targets that are established by the Board, provided that the Executive shall have a target Annual Bonus of at least fifty percent (50%) of his Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of with a target amount equal to 100% of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals approved by the Board. The Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th in accordance with the terms of the year following applicable bonus plan as in effect from time to time, and shall require that Executive be employed with the year in which it was earnedCompany on the date of payment of such Bonus.

Annual Bonus. During the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) of 100with a target amount equal to 50% of Executive’s Base Salary at target performancethe end of the performance period (the “Annual Target Bonus”). The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th to Executive within two and one-half months after the end of the year following the applicable fiscal year. Except as provided in Section 5, no Annual Bonus shall be payable in respect of any fiscal year in which it was earnedExecutive’s employment is terminated.

Annual Bonus. During With respect to each fiscal year ending during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (“an "Annual Bonus”") based upon the achievement of 100certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 50% of the Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th subject to Executive's achievement of the year following the year in which it was earnedsuch performance targets.

Annual Bonus. During Commencing on the Effective Date, Executive shall be eligible, during the Employment Period, Executive will be entitled to receive an annual bonus (the “Annual Bonus”) of 100based on such criteria as is determined in accordance with the Company’s annual incentive bonus plan. Executive’s target Annual Bonus shall be equal to 75% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During With respect to each full fiscal year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) of up to one hundred percent (100% %) of Executive’s Base Salary at (the “Target”) based upon the achievement of an annual EBITDA target performanceestablished by the Board within the first three months of each fiscal year during the Employment Term. The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th to Executive within two and one-half (2.5) months after the end of the year following the year in which it was earnedapplicable fiscal year.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of 100% of Base Salary at target performancepursuant to the terms and conditions set forth in the EVERTEC Annual Performance Incentive Guidelines in effect on the date eligibility for a bonus is determined, with the actual amount earned payable in cash. Such bonus which Bonus shall be paid no later than prorated for partial calendar years and which shall be payable on or about March 15th 15 of the year following the year in which it was earnedeach year.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of 100up to 150% of Annual Base Salary at target performanceSalary, with contingent upon the actual amount earned payable in cashachievement of qualitative and quantitative performance goals approved by the Board. Such bonus The Bonus, if any, shall be paid no later than March 15th of the year following the fiscal year in to which it was earnedthe Bonus relates.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual performance-based bonus (“Annual Bonus”) of 100% of Base Salary at target performancepursuant to an annual plan to be established by the Company, with an annual target bonus of $500,000. Actual annual bonus amounts shall be determined by the Board in its sole discretion. With respect to each of the first five annual bonuses payable to the Executive hereunder, the actual bonus amount earned payable in cash. Such bonus determined by the Board shall be paid no later than March 15th of the year following the year in which it was earnedreduced by $25,000.

Annual Bonus. During With respect to each full calendar year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) calculated, in accordance with Exhibit A attached hereto, with a targeted bonus equal to fifty percent (50%) of 100% of Executive’s Base Salary at target performance, with (the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earned“Target Bonus”).

Annual Bonus. During In addition to the Base Salary, during the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus (“the "Annual Bonus”") based on a target annual bonus (the "Target Bonus," which term shall include any subsequent adjustments thereto) of 100an amount equal to 70% of the Base Salary at target performance, with the actual amount earned payable in cashSalary. Such bonus Annual Bonus shall be paid no later than March 15th subject to the terms and conditions of the year following the year in which it was earnedCompany's annual bonus plan.

Annual Bonus. During In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Employer ending during the Employment Period, Executive will be entitled to receive an annual cash bonus of up to one hundred percent (100%) of the Base Salary based upon performance parameters as approved by the Board based upon the Employer’s Short Term Incentive Plan (the “Annual Bonus”) of 100% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earned).

Annual Bonus. During the Employment PeriodTerm, Executive will be entitled eligible to receive an a performance-based annual bonus (“Annual Bonus”) with a target amount of 100no less that 50% of Executive’s Base Salary for the relevant year based upon performance criteria to be agreed upon between the CEO and the Executive and approved by the Compensation Committee of the Board of Directors at target performancethe beginning of each fiscal year of the Company subject to executive’s continued employment through the last day of such year. Subject to Section 11(c) hereof, with the actual amount earned payable in cash. Such bonus shall be Annual Bonus will paid no later than March 15th of the year first pay period following the fiscal year-end earnings call covering the year in which it the Annual Bonus was earned.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“the "Annual Bonus”) "), with a target bonus opportunity of 100up to 125% of the Executive's Annual Base Salary at target performance, with (the "Target Annual Bonus"). The actual amount earned payable in cash. Such bonus of the Annual Bonus shall be paid determined based on the achievement by the Executive of pre-established performance goals, which goals shall be no later less favorable than March 15th of the year following goals established for the year Executive under the Company's annual bonus program as in which it was earnedeffect on the date hereof.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“"Annual Bonus”") at a target of 50% of his Annual Base Salary up to a maximum of 100% of Annual Base Salary, provided the Annual Bonus shall be in a minimum amount such that the sum of the Executive's Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus and Annual Bonus shall be paid no later less than March 15th 80% of the year following sum of the annual base salary and annual bonus paid to the Chief Executive Officer of the Company with respect to the year in which it was earnedquestion.

Annual Bonus. During For each calendar year or part thereof during the Employment Period, Executive will be entitled to shall receive an annual bonus (“an "Annual Bonus”") equal to no less than the greater of 100(i) 50% of his Base Salary at target performance, with or (ii) the actual amount earned payable of annual bonus paid to Xxxxxxx Xxxxx in cashsuch year. Such bonus The Annual Bonus shall be paid no later than March 15th payable within thirty (30) days after certification of the year following the year in which it was earnedCompany's financial statements for such year.

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual bonus (“Annual Bonus”) of 1000% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earned.

Annual Bonus. During With respect to each full fiscal year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) of no less than one hundred percent (100% %) of Executive’s Base Salary at (the “Target”) based upon the achievement of an annual EBITDA target performanceestablished by the Board within the first three months of each fiscal year during the Employment Term. The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th to Executive within two and one-half (2.5) months after the end of the year following the year in which it was earnedapplicable fiscal year.

Annual Bonus. During In addition to the Base Salary, during the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus (“the "Annual Bonus”") based on a target annual bonus (the "Target Bonus," which term shall include any subsequent adjustments thereto) of 100an amount equal to 45% of the Base Salary at target performance, with the actual amount earned payable in cashSalary. Such bonus Annual Bonus shall be paid no later than March 15th subject to the terms and conditions of the year following the year in which it was earnedCompany's annual bonus plan.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of 100with a target amount equal to 75% of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals approved by the Board. The Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th in accordance with the terms of the year following applicable bonus plan as in effect from time to time, and shall require that Executive be employed with the year in which it was earnedCompany on the date of payment of such Bonus.

Annual Bonus. During For each fiscal year completed during the Employment Period, the Executive will be entitled to shall receive an annual cash bonus (“"Annual Bonus”") based upon performance targets that are established by the Board or an appropriate committee of 100the Board, provided that the Executive shall have a target Annual Bonus of at least 250% of his Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual target bonus (“Annual Bonus”) of 100% of Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such If Executive’s annual target bonus shall be paid no later than March 15th is increased or decreased by the Company, such increased or decreased annual target bonus will then constitute the target bonus for all purposes of the year following the year in which it was earnedthis Agreement.

Annual Bonus. During For each calendar year or part thereof during the Employment Period, Executive will be entitled to shall receive an annual bonus (“an "Annual Bonus”") equal to no less than the greater of 100(i) 50% of his Base Salary at target performance, with or (ii) the actual amount earned payable of annual bonus paid to Xxxxxx Xxxxxxxx in cashsuch year. Such bonus The Annual Bonus shall be paid no later than March 15th payable within thirty (30) days after certification of the year following the year in which it was earnedCompany's financial statements for such year.

Annual Bonus. During For each fiscal year completed during the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“"Annual Bonus”") based upon performance targets that are established as soon as practicable by mutual agreement between the Executive and the compensation committee of 100the Board, provided that, the Executive's target Annual Bonus shall be at least 50% of his Annual Base Salary at target performance, with (the actual amount earned payable in cash. Such bonus "Target Bonus") and his maximum Annual Bonus shall be paid no later than March 15th at least 150% of the year following the year in which it was earnedhis Annual Base Salary.

Annual Bonus. During In addition to the Base Salary, during the Employment Period, Period the Executive will shall be entitled eligible to receive annual bonuses (each, regardless of whether for a 12-month period or a different period, an annual bonus (“"Annual Bonus”") pursuant to this Section 3(b). The Annual Bonus shall be determined and paid at the sole discretion of 100% the Company pursuant to the terms and conditions of Base Salary at target performancethe Company's standard Management Incentive Plan as in effect from time to time, or any successor thereto (the "MIP"), with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th an MIP potential equal to 85 percent of the year following the year in which it was earnedBase Salary.

Annual Bonus. During With respect to each full fiscal year during the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (an “Annual Bonus”) of 100% forty percent (40%) of Executive’s Base Salary at target performance, (the “Target”) based upon the achievement of certain performance goals established by the Board and generally consistent with the actual amount earned payable in cashCompany’s budget and performance goals established for other management employees. Such bonus The Annual Bonus, if any, shall be paid no later than March 15th to Executive within two and one-half (2.5) months after the end of the year following the year in which it was earnedapplicable fiscal year.

Annual Bonus. During the Employment PeriodTerm hereof, Executive will be entitled to receive an annual bonus equaling fifty percent (“Annual Bonus”50%) of 100% of Base Salary at target performance, with the actual amount earned payable in cashExecutive's annual base salary. Such The annual bonus shall will be paid no later than on or before March 15th 31 of the year following the year in which it was earnedeach calendar year.

Annual Bonus. During For each calendar year or part thereof during the Employment Period, Executive will shall be entitled eligible to receive an annual bonus (“an "Annual Bonus”") of 100equal to up to 50% of his Base Salary at target performance, with based upon the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th achievement of certain objectives determined by the Compensation Committee of the year following Board of Directors for such calendar year, payable within thirty (30) days after certification of the year in which it was earnedCompany's financial statements for such year.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“Annual Bonus”) in an amount determined reasonably and in good faith by the Employer based upon Employer’s overall performance and business prospects and the performance and prospects of 100the Executive. The Employer shall consider setting the bonus opportunity between 150% and 300% of the Executive’s Base Salary at target performance, with each year. Any annual bonus payable to the actual amount earned payable in cash. Such bonus Executive hereunder shall be paid no later than March 15th at the time bonuses are otherwise paid to other executive officers of the Employer, but in any event, by March 15 of the calendar year following the year in with respect to which it was such annual bonus is earned.

Annual Bonus. During the Employment PeriodTerm, the Executive will shall be entitled eligible to receive an annual bonus (the “Annual Bonus”) of 100). The Executive’s annual target bonus opportunity shall be equal to 125% of the Executive’s Base Salary at target performance, (the “Target Bonus”) with the actual amount earned payable in cashpotential to earn up to 250% of the Executive’s Base Salary, each based on the achievement of performance goals established and evaluated by the Compensation Committee. Such bonus The Annual Bonus, if any, shall be paid no later than March 15th within two and a half (2 1/2) months after the end of the year following during which the year in which it was Annual Bonus is earned.

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual cash bonus (“"Annual Bonus”") of 100% of Base Salary in an amount at target performance, with least equal to the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th annual average of the Executive's bonuses earned with respect to years 1999, 2000, and 2001 (the "Recent Annual Bonus"), pro rated in the case of any partial year following during the year in which it was earnedEmployment Period.

Annual Bonus. During the Employment Period, the Executive will shall be entitled to receive paid an annual cash bonus (“"Annual Bonus”") with a target level of 100% of not less than 4.85 times Annual Base Salary at target performance("Target Bonus"), with or such greater amount as determined by the actual amount earned payable in cash. Such Human Resources Committee of the Board (the "HR Committee"); provided, however, that a minimum annual bonus shall be paid no later than March 15th of in any event to the year following Executive equal to the year in which it was earned.difference between one million dollars and the Annual Base Salary; and further provided, that (A) the formula for

Annual Bonus. During With respect to each fiscal year ending during the Employment Period, the Executive will be entitled to shall receive an annual bonus (“"Annual Bonus”") with a target of 100150% of the Executive's Annual Base Salary at target performance(the "Reference Bonus"). The actual Annual Bonus, with which could be higher or lower than the actual amount earned payable in cash. Such bonus Reference Bonus, shall be paid no later than March 15th based on the attainment of performance objectives as determined by the Compensation Committee of the year following Board (the year in which it was earned"Committee").

Annual Bonus. During the Employment Period, the Executive will annually be entitled eligible to receive an annual earn a bonus (the “Annual Bonus”) of 100up to 80% to 110% of his Annual Base Salary at target performance, with based on the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th Company’s achievement of the annual Net Sales, Earnings per Share and Cash Flow objectives included in the annual budget approved by the Board and the achievement of one or more qualitative objectives as established at the beginning of each fiscal year following by the year in which it was earnedCompensation Committee of the Board.

Annual Bonus. During the Employment Periodperiod of employment, Executive will shall be entitled to receive earn an annual performance-based bonus (“Annual Bonus”) as follows: Executive will be eligible to receive an Annual Bonus of up to 100% of Base Salary at target performanceExecutive's then-current Salary, with based on Executive's achievement of performance objectives as established in good faith by the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th Board (or any Compensation Committee of the year following the year in which it was earnedBoard).

Annual Bonus. During Commencing on the Effective Date, Executive shall be eligible, during the Employment Period, Executive will be entitled to receive an annual bonus (the “Annual Bonus”) of 100based on such criteria as is determined in accordance with the Company’s annual incentive bonus plan. Executive’s target Annual Bonus shall be equal to 112.5% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of 100up to 75% of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals established by the Board of Directors of the Company (the “Board”); provided, however, that with the actual amount earned payable in cashrespect to fiscal year 2012, Executive shall receive a guaranteed Bonus equal to $100,000. Such bonus The Bonus, if any, shall be paid no later than March 15th of in the year following the fiscal year in to which it was earnedthe Bonus relates.

Annual Bonus. During the Employment Period, in addition to the Base Salary, the Company shall pay the Executive will be entitled to receive an annual bonus of $175,000 (“the "Annual Bonus”) of 100% of Base Salary at target performance, with the actual amount earned payable in cash"). Such bonus The Annual Bonus shall be paid as soon as practicable, but in no later event more than March 15th of the year 30 days, following the year in which it was is earned., unless electively deferred by the Executive pursuant to any deferral programs or arrangements that the Company may make available to the Executive

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual cash bonus (“"Annual Bonus”") in an amount such that the sum of 100% of his Annual Base Salary at target performance, with and the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th Annual Bonus is equal to the greater of (x) the sum of the year following annual base salary and annual bonus paid to the Chief Executive Officer of the Company with respect to the year in which it was earnedquestion, and (y) $1,300,000. In respect of calendar year 1999, the Annual Bonus shall be offset by any annual bonus paid by FAM prior to the Effective Date in respect of 1999.

Annual Bonus. During For each fiscal year during the Employment Periodterm of employment, the Executive will shall be entitled eligible to receive an annual a bonus (“Annual Bonus”) in a range of 10015 – 200% of Base Salary at target based on performance, with and as may be determined from time to time by the actual amount earned payable Board in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedits discretion.

Annual Bonus. During the Employment PeriodTerm, Executive will be entitled eligible to receive an annual bonus (“Annual Bonus”) of 100up to [ ]% of Base Salary at target performance, with based on the actual amount earned payable in cash. Such bonus shall achievement of certain performance targets to be paid no later than March 15th to set by the [Compensation Committee of the year following Board (the year in which it was earned"Compensation Committee")] at the beginning of each fiscal year.

Annual Bonus. During the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (“an "Annual Bonus”) of "), with a target bonus amount equal to 100% of the Base Salary at target performance(the "Target Bonus"), with adjustments based on the actual amount earned payable schedules set forth in cash. Such bonus the Citizens Incentive Plan, as amended from time to time, but the adjustments shall in no event be paid no later less favorable to Executive than March 15th of those set forth in such Plan for the year following the year in which it was earned2004 calendar year.

Annual Bonus. During the Employment Period, Executive will shall be entitled eligible to receive an annual bonus (the “Annual Bonus”) of 100$150,000 in the event that actual Net Revenue accomplished during the applicable year at least 101% of Base Salary at target performance, with the actual amount Annual Target Net Revenue. Any Annual Bonus earned payable in cash. Such bonus shall by the Executive will be paid no later than March 15th within three months following the end of the year following the year in which it was the Annual Bonus is earned.

Annual Bonus. During For each calendar year completed during the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“Annual Bonus”) based upon the attainment of 100% performance targets that are established by the Board, provided that the Executive shall have a target Annual Bonus of at least seventy percent (70%) of his Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual cash bonus (“"Annual Bonus”") in an amount such that the sum of 100% of his Annual Base Salary at target performanceand the Annual Bonus is the higher of (x) $1,000,000, with and (y) the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th sum of the year following annual base salary and annual bonus paid to the two other Vice Chairmen of the Company with respect to the year in which it was earnedquestion. For purposes of this Agreement, the "Guaranteed Annual Bonus" shall equal the difference between $1,000,000 and the Executive's Annual Base Salary.

Annual Bonus. During the Employment PeriodTerm, the Executive will shall be entitled eligible to receive an annual bonus (the “Annual Bonus”) of 100). The Executive’s annual target bonus opportunity shall be equal to 150% of the Executive’s Base Salary at target performance, (the “Target Bonus”) with the actual amount earned payable in cashpotential to earn up to 200% of the Target Bonus, each based on the achievement of performance goals established and evaluated by the Compensation Committee. Such bonus The Annual Bonus, if any, shall be paid no later than March 15th within two and a half (2 1/2) months after the end of the year following during which the year in which it was Annual Bonus is earned.

Annual Bonus. During the Employment Period, the Executive will be entitled to receive shall have an annual cash bonus (“Annual Bonus”) opportunity of 100% of his Annual Base Salary at target performanceSalary, with provided that for calendar year 2000, the actual amount earned payable in cash. Such Executive shall receive a minimum bonus shall be paid no later than March 15th of the year following the year in which it was earned$125,000.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus opportunity (“Annual Bonus”) with a target of 10040% of the Executive’s Annual Base Salary at target performance(the “Target Bonus”). The actual Annual Bonus, with which could be higher or lower than the actual amount earned payable in cashTarget Bonus, shall be based on the attainment of performance objectives to be established by the Board or the Compensation Committee of the Board. Such bonus The Annual Bonus shall be paid in cash no later than March 15th 15 of the year following the year in to which it was earnedthe Annual Bonus relates.

Annual Bonus. During For each calendar year completed during the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“Annual Bonus”) based upon the attainment of 100performance targets that are established by the Board, provided that the Executive shall have a target Annual Bonus of at least 70% of his Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During The Employment Entity shall pay to the Employment Period, Executive will be entitled to receive an annual bonus (“Annual Bonus”) of in an amount up to 100% of the Base Salary for each calendar year that the Executive is employed under this Agreement (“Bonus Year”), based on the attainment of certain goals and objectives determined by the SH Executive Committee at target performance, with the actual amount earned payable in cashbeginning of such Bonus Year. Such bonus The payment of the Annual Bonus shall be paid no later than made on or before March 15th of the calendar year following the year in which it was earnedBonus Year.

Annual Bonus. During the Employment PeriodTerm (effective beginning with the 2023 calendar year), the Executive will shall be entitled eligible to receive an annual bonus based on the achievement of performance goals established and evaluated by the Compensation Committee (the “Annual Bonus”) of ). The Executive’s annual target bonus opportunity shall be equal to 100% of the Executive’s Base Salary at target performance(the “Target Bonus”). The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th within two and a half (2 1/2) months after the end of the year following during which the year in which it was Annual Bonus is earned.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus (“"Annual Bonus”") at a target of 50% of his Annual Base Salary up to a maximum of 100% of Annual Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During For each calendar year or part thereof during the ------------ Employment Period, Executive will be entitled to shall receive an annual bonus (“an "Annual Bonus”") equal to no less than the greater of 100(i) 50% of his Base Salary at target performance, with or (ii) the actual amount earned payable of annual bonus paid to Xxxxxx Xxxxxxxx in cashsuch year. Such bonus The Annual Bonus shall be paid no later than March 15th payable within thirty (30) days after certification of the year following the year in which it was earnedCompany's financial statements for such year.

Annual Bonus. During In addition to the Base Salary, during the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus (“the "Annual Bonus”") based on a target annual bonus (the "Target Bonus," which term shall include any subsequent adjustments thereto) of 100an amount equal to 62.5% of the Base Salary at target performance, with the actual amount earned payable in cashSalary. Such bonus Annual Bonus shall be paid no later than March 15th subject to the terms and conditions of the year following the year in which it was earnedCompany's annual bonus plan.

Annual Bonus. During With respect to each full fiscal year during the Employment PeriodTerm (which fiscal year shall be the twelve-month period ending December 31 in each calendar year), Executive will shall be entitled eligible to receive earn an annual bonus award (“an "Annual Bonus”") of 10040% of Executive's Base Salary effective as of the commencement of the fiscal year (the "Target"), subject to a maximum limitation of 80% of Base Salary at target performanceSalary, with in any event based upon the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th achievement of performance goals established by the year following the year in which it was earnedBoard.

Annual Bonus. During For each fiscal year during the Employment Period, Executive will shall be entitled eligible to receive an annual bonus (the “Annual Bonus”) thereunder in respect of 100% each fiscal year based on a maximum full year bonus opportunity of three hundred percent (300%) of the Executive’s Base Salary at target performancefor the appliable fiscal year, with subject to the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th satisfaction of annual performance targets as approved annually by the year following the year in which it was earnedBoard, and subject to customary withholding.

Annual Bonus. During the Employment Period, the Executive will shall be entitled to receive paid an annual cash bonus (“"Annual Bonus”") with a target level of 100% of not less than 3.75 times Annual Base Salary at target performance("Target Bonus"), with or such greater amount as determined by the actual amount earned payable in cash. Such Human Resources Committee of the Board (the "HR Committee"); provided, however, that a minimum annual bonus shall be paid no later than March 15th of in any event to the year following Executive equal to the year in which it was earned.difference between one million dollars and the Annual Base Salary; and further provided, that (A) the formula for 2

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of up to 100% of Annual Base Salary at target performance, with (the actual amount earned payable “Maximum Bonus”) pursuant to the terms and conditions set forth in cash. Such the EVERTEC Annual Performance Incentive Guidelines in effect on the date eligibility for a bonus shall be paid no later than March 15th of the year following the year in which it was earnedis determined.

Annual Bonus. During the Employment PeriodTerm, Executive will be entitled shall have an opportunity to receive an annual bonus (up to a maximum of fifteen percent (15%) of Base Salary) based upon the achievement of performance goals established from year to year by the Compensation Committee of the Board of Directors (the “Annual Bonus”) ), pursuant to the terms and conditions of 100% of Base Salary at target performanceEmployer’s standard cash incentive plan for Peer Executives. Except as otherwise provided by Employer, with Executive must be employed by Employer on the actual amount earned payable date the Annual Bonus, if any, is paid in cash. Such bonus shall be paid no later than March 15th of order to receive the year following the year in which it was earnedAnnual Bonus.

Annual Bonus. During the Employment Periodterm of this Agreement, Executive will shall be entitled eligible to receive earn an annual performance bonus based on a target bonus opportunity of 100% of the Base Salary (the “Annual Bonus”) ), based on the attainment of 100% of Base Salary at target performancecertain annual objectives and performance goals to be determined by the Board, in its sole discretion, after consulting with the actual amount Executive. Any Annual Bonus earned payable in cash. Such bonus for a particular fiscal year shall be paid to Executive no later than March 15th of the year following the year in respect of which it was such bonus is earned, subject to Executive’s continued employment through the date of payment.

Annual Bonus. During the Employment PeriodTerm, Executive will shall be entitled eligible to receive earn an annual bonus award (“an "Annual Bonus”) of "), with a target bonus amount equal to 100% of the Base Salary at target performance(the "Target Bonus"), with adjustments based on the actual amount earned payable schedules set forth in cashthe Citizens Incentive Plan, as amended from time to time. Such In no instance will the adjustments to the Plan result in a reduction in the target bonus shall be paid no later to less than March 15th 100% of the year following the year in which it was earnedbase salary.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) with a target amount equal to seventy-five percent (75%) of 100% of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals approved by the Board. The Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th in accordance with the terms of the year following applicable bonus plan as in effect from time to time, and shall require that Executive be employed with the year in which it was earnedCompany on the date of payment of such Bonus.

Annual Bonus. During the Employment Period, Executive will may be entitled eligible to receive an annual bonus with a target achievement of ______% of Annual Base Salary (the “Annual Bonus”) of 100% of Base Salary at target performance, with the actual amount earned payable in cash). Such bonus shall be paid no later than March 15th of the year following The Annual Bonus plan for the year in which it was earnedthe Effective Date occurs and beyond will be based on the achievement of the criteria approved by the Board or applicable committee. Any Annual Bonus if earned under a program adopted by the Company shall be [pro-rated for the initial year in which the Effective Date occurs and] subject to Executive’s continued employment through the applicable date of payment.

Annual Bonus. During (a) For each fiscal year of the Employment PeriodTerm, Executive will be entitled eligible to receive an annual bonus (the “Annual Bonus”) ). As of 100the Effective Date, Executive’s target Annual Bonus opportunity will be equal to 35% of Base Salary at target performance(the “Target Bonus”), with and will be payable based on the achievement of corporate and individual performance goals established by the Board; provided that, depending on results, Executive’s actual amount earned payable in cash. Such bonus shall Annual Bonus may be paid no later higher or lower than March 15th of the year following Target Bonus, as determined by the year in which it was earnedBoard.

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual target bonus (“Annual Bonus”) of 100[ ]% of Base Salary at target performanceSalary, with the actual amount earned payable in cash. Such If Executive’s annual target bonus shall be paid no later than March 15th is increased or decreased by the Company, such increased or decreased annual target bonus will then constitute the target bonus for all purposes of the year following the year in which it was earnedthis Agreement.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual bonus (the “Annual Bonus”) of targeted at 100% of Annual Base Salary at target performanceSalary, with a maximum bonus of 150% of Annual Base Salary, contingent upon the actual amount earned payable in cashachievement of qualitative and quantitative performance goals approved by the Board. Such bonus The Bonus, if any, shall be paid no later than March 15th of the year following the fiscal year to which the Bonus relates. Executive shall be eligible for a Bonus in which it was earnedrespect of 2018 on a pro rata basis based on the Effective Date.

Annual Bonus. During Provided he is still employed on the Employment Periodpayment date, Executive will be entitled to shall receive an annual bonus Annual Bonus in the amount of fifty percent (“Annual Bonus”50%) of 100% total amount of Base Salary at target performance, with paid to Executive in the actual amount earned payable in cashprior calendar year. Such bonus The payment date of the Annual Bonus shall be paid no later than March 15th on or before the last day of the first calendar quarter of the year following the year in to which it was earnedthe Annual Bonus applies.

Annual Bonus. During the Employment PeriodTerm (effective beginning with the 2023 calendar year), the Executive will shall be entitled eligible to receive an annual bonus based on the achievement of performance goals established and evaluated by the Compensation Committee (the “Annual Bonus”) of 100). The Executive’s annual target bonus opportunity shall be equal to 125% of the Executive’s Base Salary at target performance(the “Target Bonus”). The Annual Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th within two and a half (2 1/2) months after the end of the year following during which the year in which it was Annual Bonus is earned.

Annual Bonus. During For each calendar year of the Employment PeriodTerm, the Executive will shall be entitled eligible to receive earn an annual bonus award (“the "Annual Bonus”") of 100up to 25% of Base Salary at target performanceSalary, with and in no event less than 10% of Base Salary, based upon the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th achievement of annual performance goals established by the Board/Compensation Committee of the year following Board (the year in which it was earned"Compensation Committee").

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus (“"Annual Bonus”") with a target level of not less than 100% of Annual Base Salary at target performanceSalary, with or such greater amount as determined by the actual amount earned payable in cashCompensation Committee. Such bonus The Annual Bonus shall be paid no later than March 15th in cash or in such other form of consideration as agreed to by Executive and the year following the year in which it was earnedCompensation Committee from time to time.

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual bonus (“"Annual Bonus”) "), whether payable in cash or otherwise, such that the sum of 100% of the Executive's Annual Base Salary at target performance, with and Annual Bonus is no less than the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th sum of the year following annual base salary and annual bonus of the year in which it was earnedPeer Executive.

Annual Bonus. During For each calendar year or part thereof during the Employment Period, Executive will shall be entitled eligible to receive an annual bonus (“an "Annual Bonus”") equal to up to _____ of 100% of his Base Salary at target performance, with based upon the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th achievement of certain objectives determined by the Compensation Committee of the year following Board of Directors for such calendar year, payable within thirty (30) days after certification of the year in which it was earnedCompany's financial statements for such year.

Annual Bonus. During For each year during the Employment Period, in addition to Annual Base Salary, the Executive will be entitled to receive awarded an annual bonus (“the "Annual Bonus”") of 100% of Base Salary at target performancewhich is consistent with Company practice and policy with respect to the division in which the Executive is employed but which will not be less than the amount set forth on Exhibit A (the "Minimum Bonus"), with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th the ratio of the year following the year in which it was earned.cash and equity incentives set forth on Exhibit A.

Annual Bonus. During the Employment PeriodWith respect to each full fiscal year ending during Executive’s employment hereunder, Executive will shall be entitled eligible to receive earn an annual bonus award of one hundred percent (100%) of Executive’s Base Salary (the “Target”) based upon achievement of performance targets established by the Compensation Committee within the first three months of each fiscal year (the “Annual Bonus”) of 100% of Base Salary at target performance). Annual Bonuses, with the actual amount earned payable if any, are generally paid in cash. Such bonus shall be paid no later than March 15th of the year following the year to which such Annual Bonus relates, by the 15th of that month; provided, that Executive is an active employee in which it was earnedgood standing with the Company on such date of payment.

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual bonus (“"Annual Bonus”) "), whether payable in cash or otherwise, such that the sum of 100% of the Executive's Annual Base Salary at target performance, with and Annual Bonus is no less than the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th sum of the year following annual base salary and annual bonus of the year in which it was earnedChief Executive Officer of the Company.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) with a target amount equal to eighty percent (80%) of 100% of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals approved by the Board. The Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th in accordance with the terms of the year following applicable bonus plan as in effect from time to time, and shall require that Executive be employed with the year in which it was earnedCompany on the date of payment of such Bonus.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual cash bonus, with a target bonus (“Annual Bonus”) of equal to 100% of his Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earnedSalary.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of 100% up to twenty five percent (25%) of Annual Base Salary at target performancecontingent upon the achievement of qualitative and quantitative performance goals approved by the Board. The Bonus, with the actual amount earned payable in cash. Such bonus if any, shall be paid no later than March 15th of in the year following the fiscal year to which the Bonus relates in which it was earnedaccordance with the terms of the Company bonus plan as in effect from time to time.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual a bonus (the “Annual Bonus”) of up to 100% of Annual Base Salary at target performance(the “Maximum Bonus”) contingent upon the achievement of qualitative and quantitative performance goals established by the Board; provided, however, that with the actual amount earned payable in cashrespect to fiscal year 2012, Executive shall be eligible to earn a Bonus of up to 50% of Annual Base Salary. Such bonus The Bonus, if any, shall be paid no later than March 15th of in the year following the fiscal year in to which it was earnedthe Bonus relates.

Annual Bonus. During the Employment Period, Executive will shall be entitled eligible to receive an annual bonus for each fiscal year during the Employment Period at a target equal to 100% of Annual Base Salary (“Annual Bonus”), based on Company and individual performance and subject to the discretion of the Company’s board of directors (the “Board of Directors”) of 100% of Base Salary at target performance, with the actual amount or a committee thereof. Any Annual Bonus earned payable in cash. Such bonus shall will be paid to Executive no later than March 15th 15 of the year following the year in which it was is earned.

Annual Bonus. During the Employment Period, the Executive will be entitled to shall receive an annual cash bonus (“"Annual Bonus”") in an amount such that the sum of 100% of his Annual Base Salary at target performanceand the Annual Bonus is the higher of (x) $2,000,000, with and (y) the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th sum of the year following annual base salary and annual bonus paid to the Chief Executive Officer of the Company with respect to the year in which it was earnedquestion. For purposes of this Agreement, the "Guaranteed Annual Bonus" shall equal the difference between $2,000,000 and the Executive's Annual Base Salary.

Annual Bonus. During With respect to each full fiscal year during the Employment PeriodTerm, Executive will be entitled shall have the opportunity to receive earn an annual bonus award (the “Annual Bonus”) of 100% of his Base Salary (“Annual Bonus Target”), as in effect at target performancethe beginning of the applicable fiscal year, with based upon the actual amount earned payable in cash. Such bonus achievement of annual performance targets established by the Board; provided, however, if Executive achieves superior performance targets as established by the Board, then Executive shall be paid no later than March 15th eligible to receive a bonus award constituting 200% of the year following the year in which it was earnedhis Base Salary.

Annual Bonus. During In addition to the Employment PeriodBase Salary, Executive will be entitled to may receive an annual bonus (the “Annual Bonus”) for each year of 100% of Base Salary at target performancethe Term in an amount, with if any, to be determined by the actual amount earned Board, in its sole discretion. The bonus, if any, shall be payable in cash. Such bonus shall be paid no later than March 15th a lump sum in cash as soon after January 1 of the each year following the year in which it was earnedas is practicable.

Annual Bonus. During With respect to each calendar year during the Employment Period, beginning with 2019, Executive will shall be entitled eligible to receive earn an annual bonus (the “Annual Bonus”) in an amount to be determined by the Compensation Committee of 100the Board (“Committee”) based on performance goals established by the Committee, with Executive being eligible to earn a target bonus equal to no less than 70% of his Base Salary at target performance, Salary. Any Annual Bonus earned with the actual amount earned payable in cash. Such bonus regard to a particular calendar year shall be paid to Executive no later than March 15th 15 of the year following calendar year, subject to Executive’s continued employment with the year in which it was earnedCompany on the actual date of payment.

Annual Bonus. During the Employment Period, the Executive will shall be entitled eligible to receive an annual bonus opportunity (“Annual Bonus”) with a target of 10035% of the Executive’s Annual Base Salary at target performance(the “Target Bonus”). The actual Annual Bonus, with which could be higher or lower than the actual amount earned payable in cashTarget Bonus, shall be based on the attainment of performance objectives to be established by the Board or the Compensation Committee of the Board. Such bonus The Annual Bonus shall be paid in cash no later than March 15th 15 of the year following the year in to which it was earnedthe Annual Bonus relates.

Annual Bonus. During the Employment Period, with respect to each completed fiscal year of the Company, Executive will shall be entitled eligible to receive an annual bonus (“Annual the "Bonus”") of 100targeted at I 00% of Annual Base Salary at target performanceSalary, with a maximum bonus of 150% of Annual Base Salary, contingent upon the actual amount earned payable in cashachievement of qualitative and quantitative performance goals approved by the Board. Such bonus The Bonus, if any, shall be paid no later than March 15th of the year following the fiscal year to which the Bonus relates. Executive shall be eligible for a Bonus in which it was earnedrespect of 2015 on a pro rata basis based on the Effective Date.

Annual Bonus. During the Employment Period, Executive will be entitled to receive an annual bonus (“Annual Bonus”) of the greater of $425,000 or 100% of Base Salary at target performance, with the actual amount earned payable in cash. Such bonus shall be paid no later than March 15th of the year following the year in which it was earned.