Common use of Cash Bonus Based on Profitability Clause in Contracts

Cash Bonus Based on Profitability. At the beginning of any fiscal year during the employment term as herein provided, Company’s CEO shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 5.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount and form of bonus shall be determined by the CEO and to be approved by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of Directors.

Cash Bonus Based on Profitability. At the beginning of any fiscal year during the employment term as herein provided, Company’s 's CEO shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 5.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount and form of bonus shall be determined by the CEO and to be approved by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of Directors.

Cash Bonus Based on Profitability. At the beginning of any fiscal year during the employment term as herein provided, Company’s CEO shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 5.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount and form of bonus shall be determined by the CEO and to be approved by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of DirectorsDirectors held in connection with the Company’s annual meeting of stockholders.