Common use of Annual Discretionary Bonus Clause in Contracts

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will be in the range of 0% to 50% of Employee’s Base Salary. Employee’s supervisor shall determine the amount of Employee’s annual discretionary bonus, if any, based on both the performance of the Company and the performance of Employee; provided, however, that to receive the bonus, Employee must be an “active employee in good standing” on the date that the bonus is paid. For purposes of this Employment Contract, an “active employee in good standing” shall mean that (i) Employee’s employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 hereof.

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will bonus under the terms and conditions of a short-term incentive compensation program to be in approved and adopted by the range Board of 0% to 50% Directors. The Chairman of Employee’s Base Salary. Employee’s supervisor the Board of the Company shall determine the amount of the Employee’s 's annual discretionary bonus, if any, based on both the performance of the Company and the performance of the Employee; , provided, however, that to receive the bonus, Employee must be an “"active employee in good standing” " on the date that the bonus is paid. For purposes of this Employment Contract, an “"active employee in good standing” " shall mean that Employee (i) Employee’s has not terminated employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 5 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 5 hereof.

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will be bonus in the target range of 0% to 5040% of Employee’s Base Salary. Employee’s supervisor shall determine the amount of Employee’s annual discretionary bonus, if any, based on both the performance of the Company and the performance of Employee; provided, however, that to receive the bonus, Employee must be an “active employee in good standing” on the date that the bonus is paid. For purposes of this Employment Contract, an “active employee in good standing” shall mean that (i) Employee’s employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 hereof.

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will bonus under the terms and conditions of a short-term incentive compensation program to be in approved and adopted by the range Board of 0% to 50% Directors. The Chief Executive Officer of Employee’s Base Salary. Employee’s supervisor the Company shall determine the amount of the Employee’s 's annual discretionary bonus, if any, based on both the performance of the Company and the performance of the Employee; provided, however, that to receive the bonus, Employee must be an “"active employee in good standing” " on the date that the bonus is paid. For purposes of this Employment Contract, an “"active employee in good standing” " shall mean that Employee (i) Employee’s has not terminated employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 5 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 5 hereof.

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will be in the range of 0% to 5030% of Employee’s Base Salary. Employee’s supervisor The Company shall determine the amount of Employee’s annual discretionary bonus, if any, based on both the performance of the Company and the performance of Employee; provided, however, that to receive the bonus, Employee must be an “active employee in good standing” on the date that the bonus is paid. For purposes of this Employment Contract, an “active employee in good standing” shall mean that (i) Employee’s employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 hereof.

Annual Discretionary Bonus. Upon completion of the calendar year, Employee shall be eligible for an annual discretionary bonus, which will bonus under the terms and conditions of a short-term incentive compensation program to be in approved and adopted by the range Board of 0% to 50% Directors. The Chief Executive Officer of Employee’s Base Salary. Employee’s supervisor the Company shall determine the amount of the Employee’s annual discretionary bonus, if any, based on both the performance of the Company and the performance of the Employee; provided, however, that to receive the bonus, Employee must be an “active employee in good standing” on the date that the bonus is paid. For purposes of this Employment Contract, an “active employee in good standing” shall mean that Employee (i) Employee’s has not terminated employment with the Company has not been terminated for any reason; (ii) Employee is not on probation of any kind from the Company; (iii) Employee has not given notice under this Employment Contract pursuant to Section 6 5 hereof; and (iv) Employee has not received written notice from the Company pursuant to Section 6 5 hereof.