Common use of Annual Discretionary Bonus Clause in Contracts

Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonus. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to the payment date.

Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonusbonus with a target amount equal to 40% of your annual base salary. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of as set forth in the following calendar year. The Company’s Employee Bonus Program or any successor bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to program sponsored by the payment dateCompany.

Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonusbonus with a target amount equal to 40% of your annual base salary. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, as set forth in the Company’s Employee Cash Incentive Plan or any successor bonus program sponsored by the Company; provided that any annual discretionary bonus must be paid no later than March 15th 2-1/2 months after the end of the following calendar Company’s fiscal year. The bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to the payment date.

Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonusbonus with a target amount equal to 83% of your annual base salary. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of as set forth in the following calendar year. The Company’s Employee Bonus Program or any successor bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to program sponsored by the payment dateCompany.