Common use of Cash Bonus Compensation Clause in Contracts

Cash Bonus Compensation. (a) In addition to the Base Salary, beginning in fiscal year 2021 and thereafter during the Term, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each such fiscal year with a target amount of one hundred percent (100%) of Base Salary (the target for any applicable fiscal year, the “Target Bonus” for such fiscal year). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year based on performance above target performance levels for the applicable year, as determined in the sole discretion of the Governing Body; provided that, in no event may the Annual Bonus for any fiscal year exceed two hundred percent (200%) of Base Salary. (b) Fifty Percent (50%) of the Annual Bonus shall be based on the attainment of certain annual performance metrics and the remaining fifty percent (50%) of the Annual Bonus shall be based on continued service and/or other criteria, determined in the sole discretion of the Governing Body. Payment of the Annual Bonus shall be made at such time as Employer customarily pays annual bonuses to its senior executives but in no event later than March 15th of the year following the year to which such Annual Bonus relates.

Cash Bonus Compensation. (a) In addition to the Base Salary, beginning in fiscal year 2021 and thereafter during the Term, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each such fiscal calendar year during the Term with a target amount Annual Bonus of one hundred percent (100%) of Employee’s Base Salary (the target for any applicable fiscal year, the “Target Bonus” for such fiscal year”). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority has delegated the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year based on performance above target performance levels for the applicable year, as determined in the sole discretion of the Governing Body; provided that, in no event may the Annual Bonus for any fiscal year exceed two hundred percent (200%) of Base Salary. (b) Fifty Percent percent (50%) of the Annual Bonus shall be based on the attainment of certain annual performance metrics and the remaining fifty percent (50%) of the Annual Bonus shall be based on continued service and/or other criteria, as determined in the sole discretion of the Governing Body. Without limiting the foregoing, unless otherwise determined by the Governing Body, the right to payment of any Annual Bonus shall be subject to Employee’s continued employment through the end of the fiscal year to which it relates. Payment of the Annual Bonus shall be made at such time as Employer customarily pays annual bonuses to its senior executives but in no event later than March 15th of the year following the year to which such Annual Bonus relates. Notwithstanding anything herein to the contrary, Employee’s Annual Bonus for each year ending during the Term shall in no event be an amount less than $750,000 (the “Minimum Annual Bonus”), provided, that, for calendar year 2023, the Minimum Annual Bonus shall be equal to $750,000, multiplied by a fraction, the numerator of which is equal to the number of days Employee was employed by the Company during such year through the expiration of the Term and the denominator of which is 365.

Cash Bonus Compensation. (a) In addition to the Base Salary, beginning in fiscal year 2021 and thereafter during the Term, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each such fiscal calendar year during the Term with a target amount Annual Bonus of up to one hundred percent (100%) of Employee’s Base Salary (the target for any applicable fiscal year, the “Target Bonus” for such fiscal year”). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority has delegated the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year based on performance above target performance levels for the applicable year, as determined in the sole discretion of the Governing Body; provided that, in no event may the Annual Bonus for any fiscal year exceed two hundred percent (200%) of Base Salary. (b) Fifty Percent percent (50%) of the Annual Bonus shall be based on the attainment of certain annual performance metrics and the remaining fifty percent (50%) of the Annual Bonus shall be based on continued service and/or other criteria, as determined in the sole discretion of the Governing Body. Without limiting the foregoing, unless otherwise determined by the Governing Body, the right to payment of any Annual Bonus shall be subject to Employee’s continued employment through the end of the fiscal year to which it relates. Payment of the Annual Bonus shall be made at such time as Employer customarily pays annual bonuses to its senior executives but in no event later than March 15th of the year following the year to which such Annual Bonus relates.

Cash Bonus Compensation. (a) In addition to the Base Salary, beginning in fiscal year 2021 and thereafter during the Term, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each such fiscal calendar year during the Term with a target amount Annual Bonus of up to one hundred percent (100%) of Employee’s Base Salary (the target for any applicable fiscal year, the “Target Bonus” for such fiscal year”). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority has delegated the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year based on performance above target performance levels for the applicable year, as determined in the sole discretion of the Governing Body; provided that, in no event may the Annual Bonus for any fiscal year exceed two hundred percent (200%) of Base Salary. (b) Fifty Percent percent (50%) of the Annual Bonus shall be based on the attainment of certain annual performance metrics and the remaining fifty percent (50%) of the Annual Bonus shall be based on continued service and/or other criteria, as determined in the sole discretion of the Governing Body. Without limiting the foregoing, unless otherwise determined by the Governing Body, the right to payment of any Annual Bonus shall be subject to Employee’s continued employment through the end of the fiscal year to which it relates. Payment of the Annual Bonus shall be made at such time as Employer customarily pays annual bonuses to its senior executives but in no event later than March 15th of the year following the year to which such Annual Bonus relates. (c) Effective as of the Execution Date, Employee hereby irrevocable releases the Employer Group from any obligations or liability with respect to, and waives any rights to payment or any other benefits in respect of, the Second Supplemental Bonus (as described in Section 3.3 of the Existing Agreement), whether arising pursuant to Section 3.3 or 4.6 of the Existing Agreement or otherwise.