Common use of Bonus Target Clause in Contracts

Bonus Target. During each full calendar year of the Term, Executive shall be eligible to receive an annual bonus in an amount, if any, to be determined by the Board of Directors of Eco-Stim in its sole discretion, up to a maximum of one hundred percent (100%) of Executive’s Base Salary (the “Annual Bonus”). The amount of the Annual Bonus awarded, if any, shall be based on achieving certain goals related to Company performance and objectives, established and measured by the Board of Directors of Eco-Stim, in its sole discretion. To receive any Annual Bonus for a calendar year, Executive must be in “active working status” at the time such Annual Bonus is scheduled to be paid, except as otherwise provided in Section 4, below. For purposes of this Agreement, “active working status” means that the Termination Date has not occurred for any reason and Executive has not been given notice of termination of his employment for any reason, and Executive has not resigned his employment or given notice of his resignation, for any reason.

Bonus Target. During each full calendar year of the Term, Executive shall be eligible to receive an annual bonus in an amount, if any, to be determined by the Board of Directors of Eco-Stim in its sole discretion, up to a maximum of one hundred and twenty five percent (100125%) of Executive’s Base Salary (the “Annual Bonus”). The amount of the Annual Bonus awarded, if any, shall be based on achieving certain goals related to Company performance and objectives, established and measured by the Board of Directors of Eco-Stim, in its sole discretion. To receive any Annual Bonus for a calendar year, Executive must be in “active working status” at the time such Annual Bonus is scheduled to be paid, except as otherwise provided in Section 4, below. For purposes of this Agreement, “active working status” means that the Termination Date has not occurred for any reason and Executive has not been given notice of termination of his employment for any reason, and Executive has not resigned his employment or given notice of his resignation, for any reason.

Bonus Target. During each full calendar year of the Term, Executive shall be eligible to receive an annual bonus in an amount, if any, to be determined by the Board of Directors of Eco-Stim in its sole discretion, up to a maximum of one hundred seventy-five percent (10075%) of Executive’s Base Salary (the “Annual Bonus”). The amount of the Annual Bonus awarded, if any, shall be based on achieving certain goals related to Company performance and objectives, established and measured by the Board of Directors of Eco-Stim, in its sole discretion. To receive any Annual Bonus for a calendar year, Executive must be in “active working status” at the time such Annual Bonus is scheduled to be paid, except as otherwise provided in Section 4, below. For purposes of this Agreement, “active working status” means that the Termination Date has not occurred for any reason and Executive has not been given notice of termination of his employment for any reason, and Executive has not resigned his employment or given notice of his resignation, for any reason.