Common use of Bonus Program Clause in Contracts

Bonus Program. If approved by the Board, Executive will be eligible for an annual discretionary bonus that targets 35% of Executive’s annual base salary which will allow Executive to participate in the success of the Company based upon agreed upon personal and Company milestones established by Executive and Executive’s supervisor and approved by the Board, provided that Executive remains employed by the Company as of the date the bonus is calculated and paid.

Bonus Program. If approved by the Board, Executive will be eligible for an annual discretionary bonus that targets 3530% of Executive’s 's annual base salary which will allow Executive to participate in the success of the Company based upon agreed upon personal and Company milestones established by Executive and Executive’s 's supervisor and approved by the Board, provided that Executive remains employed by the Company as of the date the bonus is calculated and scheduled to be paid.