Common use of 2008 Year-End Discretionary Bonus Clause in Contracts

2008 Year-End Discretionary Bonus. If Executive remains continuously employed pursuant to this Agreement through at least December 31, 2008, then Executive will be eligible for a one-time discretionary bonus, at a level commensurate with the responsibilities of the CFO and SVP position (the “2008 Year-End Discretionary Bonus”). Executive acknowledges that the payment and amount of the 2008 Year-End Discretionary Bonus will be discretionary, with sole discretion resting with the Board or Compensation Committee of Parent. Payment of the 2008 Year-End Discretionary Bonus, if any, will be made in a single sum cash payment between January 1 and March 15, 2009.

Appears in 1 contract

Samples: Executive Employment Agreement (Heelys, Inc.)

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2008 Year-End Discretionary Bonus. If Executive remains continuously employed pursuant to this Agreement through at least December 31, 2008, then Executive will be eligible for a one-time discretionary bonus, at a level commensurate with the responsibilities of the CFO President and SVP CEO position (the “2008 Year-End Discretionary Bonus”). Executive acknowledges that the payment and amount of the 2008 Year-End Discretionary Bonus will be discretionary, with sole discretion resting with the Board or Compensation Committee of Parent. Payment of the 2008 Year-End Discretionary Bonus, if any, will be made in a single sum cash payment between January 1 and March 15, 2009.

Appears in 1 contract

Samples: Executive Employment Agreement (Heelys, Inc.)

2008 Year-End Discretionary Bonus. If Executive remains continuously employed pursuant to this Agreement through at least December 31, 2008, then Executive will be eligible for a one-time discretionary bonus, at a level commensurate with the responsibilities of the CFO and SVP VP of Product position (the “2008 Year-End Discretionary Bonus”). Executive acknowledges that the payment and amount of the 2008 Year-End Discretionary Bonus will be discretionary, with sole discretion resting with the Board or Compensation Committee of Parent. Payment of the 2008 Year-End Discretionary Bonus, if any, will be made in a single sum cash payment between January 1 and March 15, 2009.

Appears in 1 contract

Samples: Executive Employment Agreement (Heelys, Inc.)

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2008 Year-End Discretionary Bonus. If Executive remains continuously employed pursuant to this Agreement through at least December 31, 2008, then Executive will be eligible for a one-time discretionary bonus, at a level commensurate with the responsibilities of the CFO President and SVP CEO position (the 2008 Year-End Discretionary BonusBonus ”). Executive acknowledges that the payment and amount of the 2008 Year-End Discretionary Bonus will be discretionary, with sole discretion resting with the Board or Compensation Committee of Parent. Payment of the 2008 Year-End Discretionary Bonus, if any, will be made in a single sum cash payment between January 1 and March 15, 2009.

Appears in 1 contract

Samples: Executive Employment Agreement (Heelys, Inc.)

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