Common use of Cash Incentive Plan Clause in Contracts

Cash Incentive Plan. The Employee shall be eligible to receive an annual bonus pursuant to MIIX Group's Cash Incentive Plan, or similar plans which may be in effect from time to time, at the discretion of the Board of Directors of MIIX Group, based on the Company's and the Employee's achievement of goals and objectives established by the Board on an annual basis. The Board shall use its reasonable judgment in determining whether such goals and objectives have been met and the amount, if any, of the bonus to be paid to the Employee. It is anticipated that any bonus will be paid on or before March 31 of the succeeding year.