Common use of Discretionary Bonus Program Clause in Contracts

Discretionary Bonus Program. You will be eligible for an annual discretionary bonus of up to forty percent (40%) of your annualized base salary to allow you to participate in the success of the Company based upon a combination of Company achievements and your performance, both as determined in the sole discretion of the Board. Any annual bonus 000 Xxxxxxxxxx Xxx, 0xx Xxxxx Xxxxxx, XX 00000 Xxxx@Xxxxxxx.xxx +0 000 000-0000 xxx.xxxxxxx.xxx shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates, and you must be an active employee of the Company on the date any bonus is paid to be eligible for and to earn a bonus award. No bonus shall be considered to be earned until it is paid, as it also serves as an incentive to remain employed by the Company.

Discretionary Bonus Program. You will be are eligible for an annual discretionary bonus of up to forty thirty five percent (4035%) of your annualized base salary to allow you to participate in the success of the Company based upon a combination of Company achievements and your performance, both as determined in the sole discretion of the Board. Any annual bonus 000 Xxxxxxxxxx Xxx, 0xx Xxxxx Xxxxxx, XX 00000 Xxxx@Xxxxxxx.xxx +0 000 000-0000 xxx.xxxxxxx.xxx shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates, and you must be an active employee of the Company on the date any bonus is paid to be eligible for and to earn a bonus award. No bonus shall be considered to be earned until it is paid, as it also serves as an incentive to remain employed by the Company.. Any bonus would be pro-rated for the 2019 calendar year based on your Start Date of March 15, 2019. 000 Xxxxxxxxxx Xxx, 0xx Xxxxx Xxxxxx, XX 00000 Xxxx@Xxxxxxx.xxx +0 000 000-0000 xxx.xxxxxxx.xxx