Common use of Bonus Awards within Discretion of Board Clause in Contracts

Bonus Awards within Discretion of Board. In addition to receiving the Base Salary described in Section 2.1., Employee may, in the sole discretion of the Board of Directors, be awarded such cash and/or non-cash bonuses (including any combination of cash and non-cash components) from time to time as are approved by the Compensation Committee of the Board of Directors or by the Board of Directors directly. . Any such bonus will be paid to Employee no later than March 15 of the calendar year following the calendar year during which the bonus was earned

Bonus Awards within Discretion of Board. In addition to receiving the Base Salary described in Section 2.1., Employee may, in the sole discretion of the Board of Directors, be awarded such cash and/or non-cash bonuses (including any combination of cash and non-cash components) from time to time as are approved by the Compensation Committee of the Board of Directors or by the Board of Directors directly. . Any such bonus will be paid to Employee no later than March 15 of the calendar year following the calendar year during which the bonus was earned.