Common use of Bonus Opportunity Clause in Contracts

Bonus Opportunity. For each fiscal year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual Bonus”) under the terms of the Company’s annual bonus plan as in effect from time to time, based on the achievement of performance criteria established by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. For fiscal year 2021, Executive shall be eligible to receive an Annual Bonus equal to fifty percent (50%) of his Annual Base Salary earned in 2021 if threshold performance is attained, an Annual Bonus equal to one hundred percent (100%) of his Annual Base Salary earned in 2021(“Target Bonus”) if target performance is attained and an Annual Bonus equal to one hundred fifty percent (150%) of his Annual Base Salary earned in 2021 if performance equals or exceeds the maximum performance level established. The threshold, target and maximum Annual Bonus for each subsequent fiscal year of the Term and the corresponding performance criteria shall be determined in good faith by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. In respect to the Annual Bonus for the final year of the Term, as may be extended pursuant to Section 2(b), provided that Executive is employed by the Company until the expiration of the Term and that Executive’s employment was not terminated for Cause by the Company following the Term, any qualitative performance evaluation will be performed by December 16 of the final year, and the achievement of quantitative performance metrics shall be determined based on actual performance for the final year and determined on or before March 31 of the year following the final year of the Term, whether or not Executive is employed during the year following the final year.  Payment of Annual Bonuses to Executive, if any, shall be made in the same manner and at the same time that other senior-level executives receive their annual bonus awards, but in any event on or before the end of the first quarter following the end of the applicable performance year.  • During the Employment Period, Executive shall be eligible to be granted long term incentive or equity awards as may be determined by the Board or the Compensation Committee in its sole discretion under such plans and programs as may be in effect from time to time. 

Bonus Opportunity. For each fiscal year during the Employment Period, Executive shall be eligible entitled to receive an annual bonus (the “Annual Bonus”) under the terms of the Company’s annual bonus plan as in effect from time to time, based on the achievement of performance criteria established by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. For fiscal year 2021, Executive shall be eligible entitled to receive an Annual Bonus equal to fifty percent (50%) of his Annual Base Salary earned in 2021 if threshold performance is attained, an Annual Bonus equal to one hundred percent (100%) of his Annual Base Salary earned in 2021(“Target Bonus”) if target performance is attained and an Annual Bonus equal to one two hundred fifty percent (150200%) of his Annual Base Salary earned in 2021 if performance equals or exceeds the maximum performance level established. The threshold, target and maximum Annual Bonus for each subsequent fiscal year of the Term and the corresponding performance criteria shall be determined in good faith by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. In respect to the Annual Bonus for the final year of the Term, as may be extended pursuant to Section 2(b), provided that Executive is employed by the Company until the expiration of the Term and that Executive’s employment was not terminated for Cause by the Company following the Term, any qualitative performance evaluation will be performed by December 16 of the final year, and the achievement of quantitative performance metrics shall be determined based on actual performance for the final year and determined on or before March 31 of the year following the final year of the Term, whether or not Executive is employed during the year following the final year.  Payment of Annual Bonuses to Executive, if any, shall be made in the same manner and at the same time that other senior-level executives receive their annual bonus awards, but in any event on or before the end of the first quarter following the end of the applicable performance year.  • During the Employment Period, Executive shall be eligible to be granted long term incentive or equity awards as may be determined by the Board or the Compensation Committee consistent with the terms set forth in its sole discretion under such plans and programs the 2021-2022 LTIP Award Term Sheet attached to this Agreement as may be in effect from time to time. Exhibit A. 

Bonus Opportunity. For each fiscal (i) Commencing with the calendar year during the Employment Period2018, Executive shall will be eligible to receive an annual bonus (the “Annual Bonus”) under the terms of the Company’s annual bonus plan as in effect from time to time, based on the achievement of performance criteria established by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. For fiscal year 2021, Executive shall be eligible to receive an Annual Bonus equal to targeted at fifty percent (50%) of his Annual Executive’s Base Salary earned in 2021 (the “Cash Bonus”) plus up to 500,000 stock options, subject to proportional increase if threshold performance the Company’s approved stock plan is attainedincreased during the year (the “Equity Bonus,” and together with the Cash Bonus, the “Annual Bonus”), subject to the following provisions of this Section (A) For calendar year 2018, the Executive’s eligibility for an Annual Bonus equal to one hundred will be contingent on whether the Company’s total revenue for calendar year 2018, as reported by the Company, exceeds its total revenue for calendar year 2017 by at least fifty percent (10050%). (B) of his Annual Base Salary earned in 2021(“Target Bonus”) if target performance is attained and For calendar year 2019, the Executive’s eligibility for an Annual Bonus equal to one hundred will be contingent on whether the Company’s total revenue in calendar year 2019, as reported by the Company, exceeds its total revenue for calendar year 2018 by at least fifty percent (15050%). (C) For calendar year 2020 and thereafter, Executive’s eligibility to receive an Annual Bonus will be based on the achievement, during the year in question, of his both personal and Company-wide objectives established by the Board, or an applicable sub-committee, by January 31st of each calendar year. (ii) The Cash Bonus for any given year will be payable between January 1 and March 15 in the year immediately following the year for which the Annual Base Salary earned Bonus is determined. Executive must be employed by the Company on the date on which the Cash Bonus is paid in 2021 if performance equals or exceeds order to receive the maximum performance level establishedCash Bonus for that year, however the Company is not permitted to terminate the Executive’s employment for the purpose of avoiding payment of the Cash Bonus. The threshold, target Board will determine whether and maximum Annual Bonus for each subsequent fiscal year to what extent the applicable criteria have been met and the amount of the Term and the corresponding performance criteria shall be determined Cash Bonus in good faith its discretion, provided that such determination by the Board or shall require the Compensation Committee within consent of the first directors appointed by Rose Capital. (iii) The Equity Bonus for any given year will be granted between January 1 and March 15 in the year immediately following the year for which the Annual Bonus is determined. Executive must be employed by the Company on the date on which the Equity Bonus is granted in order to receive the Equity Bonus for that year. The Equity Bonus will be granted in the form of stock options under the Company’s 2017 Omnibus Stock Incentive Plan, as the same may be amended from time to time, and will be memorialized by an option grant agreement to be entered between Executive and the Company. The exercise prices of any such options will be equal to the fair market value of the Company’s common stock on the date of grant. The options, if any, will vest over three (3) months of each fiscal year that begins during years in three (3) equal installments on the Employment Period. In respect to the Annual Bonus for the final year first three anniversaries of the Termdate of grant, so long as may be extended pursuant to Section 2(b), provided that Executive is remains employed by the Company until through each such vesting date, subject to Section 5(b) below. The Board will determine whether and to what extent the expiration applicable criteria have been met and the amount of the Term and Equity Bonus in its discretion, provided that Executive’s employment was not terminated for Cause by the Company following the Term, any qualitative performance evaluation will be performed by December 16 of the final year, and the achievement of quantitative performance metrics shall be determined based on actual performance for the final year and determined on or before March 31 of the year following the final year of the Term, whether or not Executive is employed during the year following the final year.  Payment of Annual Bonuses to Executive, if any, shall be made in the same manner and at the same time that other senior-level executives receive their annual bonus awards, but in any event on or before the end of the first quarter following the end of the applicable performance year.  • During the Employment Period, Executive shall be eligible to be granted long term incentive or equity awards as may be determined such determination by the Board or shall require the Compensation Committee in its sole discretion under such plans and programs as may be in effect from time to time. consent of the directors appointed by Rose Capital.

Bonus Opportunity. For each fiscal year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual Bonus”) under the terms of the Company’s annual bonus plan as in effect from time to time, based on the achievement of performance criteria established by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. For fiscal year 2021, Executive shall be eligible to receive an Annual Bonus equal to fifty twenty percent (5020%) of his Annual Base Salary earned in 2021 if threshold performance is attained, an Annual Bonus equal to one hundred forty percent (10040%) of his Annual Base Salary earned in 2021(“Target Bonus”) if target performance is attained and an Annual Bonus equal to one hundred fifty sixty percent (15060%) of his Annual Base Salary earned in 2021 if performance equals or exceeds the maximum performance level established. The threshold, target and maximum Annual Bonus for each subsequent fiscal year of the Term and the corresponding performance criteria shall be determined in good faith by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. In respect to the Annual Bonus for the final year of the Term, as may be extended pursuant to Section 2(b), provided that Executive is employed by the Company until the expiration of the Term and that Executive’s employment was not terminated for Cause by the Company following the Term, any qualitative performance evaluation will be performed by December 16 of the final year, and the achievement of quantitative performance metrics shall be determined based on actual performance for the final year and determined on or before March 31 of the year following the final year of the Term, whether or not Executive is employed during the year following the final year.  Payment of Annual Bonuses to Executive, if any, shall be made in the same manner and at the same time that other senior-level executives receive their annual bonus awards, but in any event on or before the end of the first quarter following the end of the applicable performance year.  • During the Employment Period, Executive shall be eligible to be granted long term incentive or equity awards as may be determined by the Board or the Compensation Committee in its sole discretion under such plans and programs as may be in effect from time to time.