Common use of Annual Discretionary Cash Bonus Clause in Contracts

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July 1, 2017 – June 30, 2018 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “Annual Bonus”) for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion, based on Executive’s individual performance and Company performance, in each case measured against performance goals and targets established by the Compensation Committee. Executive’s Annual Bonus target is sixty percent (60%) of Executive’s Base Salary for the applicable fiscal year (the “Target Bonus”). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus for the first year of employment will be prorated based on the number of days Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company.

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July 1, 2017 – June 30, 2018 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “Annual Bonus”) for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion, based on Executive’s individual performance and Company performance, in each case measured against performance goals and targets established by the Compensation Committee. Executive’s Annual Bonus target is sixty forty-five percent (6045%) of Executive’s Base Salary for the applicable fiscal year (the “Target Bonus”). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus for the first year of employment will be prorated based on the number of days Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company.

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July January 1, 2017 – June 2019- December 30, 2018 2019 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “"Annual Bonus”") for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “"Compensation Committee”") in its discretion, based on Executive’s 's individual performance and Company performance, performance in each case measured against performance goals and targets established by the Compensation Committee. Executive’s 's Annual Bonus target is sixty forty percent (6040%) of Executive’s 's Base Salary for the applicable fiscal year (the “"Target Bonus”"). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ 2-Yz months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the ofthe Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus for the first year of employment will be prorated based on the number of days Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company.

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July 1, 2017 – June 30, 2018 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “Annual Bonus”) for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion, based on Executive’s individual performance and Company performance, in each case measured against performance goals and targets established by the Compensation CommitteeCompany. Executive’s Annual Bonus target is sixty forty-five percent (6045%) of Executive’s Base Salary for the applicable fiscal year (the “Target Bonus”). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus bonus for the first year of employment will be prorated based on the number of days that Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company.

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July January 1, 2017 – June 2019 - December 30, 2018 2019 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “Annual Bonus”) for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion, based on Executive’s individual performance and Company performance, performance in each case measured against performance goals and targets established by the Compensation Committee. Executive’s Annual Bonus target is sixty percent thirty-five (6035%) of Executive’s Base Salary for the applicable fiscal year (the “Target Bonus”). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus for For the first calendar year of employment will be prorated based on the number of days Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company, Executive will be entitled to a prorated Annual Bonus in respect of the period from July 1, 2018 - December 31, 2018.

Annual Discretionary Cash Bonus. For each fiscal year during the Employment Period, commencing with the July January 1, 2017 – June 2019 - December 30, 2018 2019 fiscal year, Executive shall be eligible to receive an annual discretionary cash bonus (the “Annual Bonus”) for the services rendered by Executive under this Agreement. The amount of the Annual Bonus, if any, will be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its discretion, based on Executive’s individual performance and Company performance, performance in each case measured against performance goals and targets established by the Compensation Committee. Executive’s Annual Bonus target is sixty percent forty (6040%) of Executive’s Base Salary for the applicable fiscal year (the “Target Bonus”). The amount of the Annual Bonus, if any, will be determined as of the end of each fiscal year during the Employment Period and shall be paid as soon as reasonably practicable after the end of each fiscal year to which the bonus relates, but in no event later than 2-½ months after the end of such fiscal year. To be eligible to receive an Annual Bonus, or any portion thereof, Executive must be employed by the Company both at the time the amount of the Annual Bonus, if any, is determined, and at the time the Annual Bonus, if any, is paid. Any Annual Bonus for For the first calendar year of employment will be prorated based on the number of days Executive was employed by the Company during the fiscal year in which Executive commences employment with the Company, Executive will be entitled to a prorated Annual Bonus in respect of the period from July 1, 2018 - December 31, 2018.