Common use of Bonus and Incentives Clause in Contracts

Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 The Employee may be eligible for consideration of an annual bonus of up to six months base salary. 5.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 The Employee may participate in the Company’s LTIP, terms and objectives of which are at any time under the sole discretion of the Company. 5.5 If at any time after any bonus, option or other award is paid to the Employee the Company or Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards actually granted to the Employee.

Bonus and Incentives. 5.1 4.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 4.2 The Employee may be eligible for consideration of an annual bonus of up to six 12 months base salary.. ​ ​ ​ ​ ​ Pages 2 of 11 5.3 4.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 4.4 The Employee may has an individual stock option agreement, and will thus not participate in the Company’s general Long-Term Incentive Program (“LTIP, terms and objectives of which are at any time under the sole discretion of the Company”). 5.5 4.5 If at any time after any bonus, option or other award is paid to the Employee the Company or the Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards actually granted to the Employee.

Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 The Employee may be eligible for consideration of an annual bonus of up to six months base salary. 5.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 The Employee may participate in the Company’s LTIP, terms and objectives of which are at any time under the sole discretion of the Company. 5.5 If (a) at any time after any bonus, option or other award is paid to the Employee Employee, and (i) such bonus, option or other award has been determined on the basis of financial statements issued by the Company, and (ii) the Company or Group is required to restate its accounts financial statements to a material extent or (b) the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus bonus, option or other award that it would have awarded in each financial yeargranted, had these facts been known at the time the bonus, option or other award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses bonus, option or other award and the aggregate value of the Awards bonus, option or other award actually granted to the Employee.

Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 The Employee may be eligible for consideration of an annual bonus of up to six months base salary. 5.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 The Employee may will participate in the Company’s LTIP, terms and objectives of which are at any time under the sole discretion of the Company. 5.5 If at any time after any bonus, option or other award is paid to the Employee the Company or Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards actually granted to the Employee.

Bonus and Incentives. 5.1 4.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 4.2 The Employee may be eligible for consideration of an annual bonus of up to six 12 months base salary. 5.3 4.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 4.4 The Employee may has an individual stock option agreement, and will thus not participate in the Company’s general Long-Term Incentive Program (“LTIP, terms and objectives of which are at any time under the sole discretion of the Company”). 5.5 4.5 If at any time after any bonus, option or other award is paid to the Employee the Company or the Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards actually granted to the Employee.

Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 The Employee may be eligible for consideration of an annual bonus of up to six nine months base salary. 5.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 The Employee may participate in the Company’s LTIP, terms and objectives of which are at any time under the sole discretion of the Company. 5.5 If at any time in the three-year period after any bonus, option or other award is paid to the Employee the Company or Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company Company, to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards awards actually granted to the Employee.

Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company. 5.2 The Employee may be eligible for consideration of an annual bonus of up to six months base salary. 5.3 Such bonus is interpreted and deemed to be inclusive of holiday allowance, statutory payable bonus or profit sharing or other statutory benefits. At payment, holiday allowance, statutory payable bonus or profit sharing or other statutory benefits will be deducted from the bonus amount. 5.4 The Employee may participate in the Company’s LTIP, terms and objectives of which are at any time under the sole discretion of the Company. 5.5 If at any time after any bonus, option or other award is paid to the Employee the Company or Group is required to restate its accounts to a material extent or the Company becomes aware of any material malfeasance or material wrongdoing on the Employee’s part, then the Company shall be entitled to recalculate the bonus that it would have awarded in each financial year, had these facts been known at the time the award was granted. The Employee shall be liable for and, if so required by the Company to repay on demand the difference between such recalculated bonuses and the aggregate value of the Awards actually granted to the Employee. 6 Vacation and holidays The Employee is entitled to 25 days of vacation per calendar year, including Company shut down days, with holiday allowance in accordance with the Holidays Act, as well as statutory determined holidays. Vacation days must be taken at times appropriate to the local work situation, approved beforehand by the Employee’s direct manager.