Common use of Discretionary Bonus Clause in Contracts

Discretionary Bonus. Executive may also, in the discretion of the Board of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be determined by the Board of Directors, in its sole discretion.

Appears in 5 contracts

Samples: Employment Agreement (Community Bancorp Inc), Employment Agreement (Community Bancorp Inc), Employment Agreement (Community Bancorp)

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Discretionary Bonus. In addition to Base Salary, Executive may also, shall be entitled to receive bonus payments in the discretion of the Board of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be determined by the Board of Directors, in its sole discretion.

Appears in 3 contracts

Samples: Employment Agreement (Kirlin Holding Corp), Employment Agreement (Kirlin Holding Corp), Employment Agreement (Kirlin Holding Corp)

Discretionary Bonus. Executive may also, in the discretion of At the Board of Directors’ sole discretion, the Executive may also be entitled to receive an additional bonus based on individual merit and performance. The amount of this a yearly bonus, if anyin an amount and form (either cash, in any such year shall be equity or otherwise) as determined by the Board of Directors, in its sole discretionBoard.

Appears in 3 contracts

Samples: Employment Agreement (Bonds.com Group, Inc.), Employment Agreement (Bonds.com Group, Inc.), Employment Agreement (Bonds.com Group, Inc.)

Discretionary Bonus. Executive may also, in At the sole discretion of the Board of DirectorsBoard, the Executive shall be eligible to receive an additional annual bonus based on individual merit and performance. The (the “Discretionary Bonus”) in such amount of this bonus, if any, in any such year shall as may be determined by the Board based upon his performance on behalf of Directorsthe Company during each Bonus Calculation Year. The Discretionary Bonus, if any, shall be payable at such times and in such manner as the Board may determine in its sole discretion.

Appears in 3 contracts

Samples: Employment Agreement (Ziopharm Oncology Inc), Employment Agreement (Ziopharm Oncology Inc), Employment Agreement (Ziopharm Oncology Inc)

Discretionary Bonus. Executive may also, in At the sole discretion of the Board of DirectorsDirectors of the Company, the Executive shall receive an additional annual bonus (the “Discretionary Bonus”) in an amount equal to up to 50% of his Base Salary, based upon his performance on individual merit and performancebehalf of the Company during the prior year. The amount of this bonus, if any, in any such year Discretionary Bonus shall be payable either as a lump-sum payment or in installments as determined by the Board of Directors, Directors of the Company in its sole discretion. In addition, the Board of Directors of the Company shall annually review the Bonus to determine whether an increase in the amount thereof is warranted.

Appears in 3 contracts

Samples: Employment Agreement (Ivory Capital Corp), Employment Agreement (Innovive Pharmaceuticals, Inc.), Employment Agreement (Innovive Pharmaceuticals, Inc.)

Discretionary Bonus. The Executive may also, be awarded a bonus from time to time and in the discretion of the Board of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall amounts as may be determined by the Board of Directors, Directors of the Company in its their sole discretion.

Appears in 3 contracts

Samples: Employment Agreement (Healthcare Integrated Technologies Inc.), Employment Agreement (Healthcare Integrated Technologies Inc.), Employment Agreement (Grasshopper Staffing, Inc.)

Discretionary Bonus. The Executive may alsoshall be eligible for such bonuses in such amounts and at such times, annual or otherwise, as determined in the discretion of the Board Compensation Committee of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be determined by the Board of Directors, in its sole discretionDirectors of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Vivakor, Inc.), Executive Employment Agreement (Vivakor, Inc.)

Discretionary Bonus. The Executive may also, in the discretion of the Board of Directors, shall be eligible to receive an additional annual bonus based on individual merit and performance. The in an amount of this bonus, if any, in any such year shall to be determined by the Board board of Directors, in its sole discretiondirectors based on any criteria or factors the board of directors deems appropriate.

Appears in 2 contracts

Samples: Employment Agreement (SFBC International Inc), Employment Agreement (UC Hub Group Inc)

Discretionary Bonus. The Executive may also, in the discretion of the Board of Directors, shall be eligible to -------------------- receive an additional annual bonus based on individual merit and performance. The in an amount of this bonus, if any, in any such year shall to be determined by the Board board of Directors, in its sole discretiondirectors based on any criteria or factors the board of directors deems appropriate.

Appears in 2 contracts

Samples: Employment Agreement (UC Hub Group Inc), Employment Agreement (UC Hub Group Inc)

Discretionary Bonus. Executive may also, in be awarded an annual discretionary bonus (the discretion of the Board of Directors, receive an additional bonus based on individual merit and performance“Bonus”). The amount of this bonus, if any, in any the Bonus and the timing of payment of such year shall Bonus will be determined by in the Board sole discretion of Directors, in its sole discretionthe Board.

Appears in 2 contracts

Samples: Executive Employment Agreement (Inspire Medical Systems, Inc.), Executive Employment Agreement (Inspire Medical Systems, Inc.)

Discretionary Bonus. The Executive may alsoshall be eligible to receive an additional incentive performance bonus based upon a percentage of his Base Salary. Any such bonus awarded to the Executive shall be payable in the amount, in the discretion of manner, and at the Board of Directors, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be time determined by the Company’s Board of Directors, Directors in its sole and absolute discretion.

Appears in 2 contracts

Samples: Employment Agreement (Anworth Mortgage Asset Corp), Employment Agreement (Anworth Mortgage Asset Corp)

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Discretionary Bonus. Executive may also, in At the sole discretion of the Board of DirectorsDirectors of the Company, the Executive shall receive an additional annual bonus (the "DISCRETIONARY BONUS") in an amount equal to up to 75% of his Base Salary, based upon his performance on individual merit and performancebehalf of the Company during the prior year. The amount of this bonus, if any, in any such year Discretionary Bonus shall be payable either as a lump-sum payment or in installments as determined by the Board of Directors, Directors of the Company in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Novadel Pharma Inc)

Discretionary Bonus. Executive may also, in At the sole discretion of the Board of Directors, the Executive shall receive an additional annual bonus (the “Discretionary Bonus”) in an amount up to 20% of the Base Salary, based upon his performance on individual merit and performancebehalf of the Company during the prior year as determined in the sole discretion of the Board of Directors. The amount of this bonusDiscretionary Bonus, if any, in any such year shall be payable either as a lump-sum payment or in installments as determined by the Board of Directors, Company in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Chiral Quest Inc)

Discretionary Bonus. Executive may also, in the discretion of the Board of DirectorsBoard, receive an additional bonus based on individual merit and performance. The amount of this bonus, if any, in any such year shall be determined by the Board of DirectorsBoard, in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Heritage Oaks Bancorp)

Discretionary Bonus. Executive may also, in At the sole discretion of the Board of DirectorsDirectors of the Company, the Executive shall be eligible to receive an additional annual bonus (the "DISCRETIONARY BONUS") based upon his performance on individual merit and performancebehalf of the Company during the prior year. The amount of this bonus, if any, in any such year Discretionary Bonus shall be payable either as a lump-sum payment or in installments as determined by the Board of Directors, Directors of the Company in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Manhattan Pharmaceuticals Inc)

Discretionary Bonus. Executive may alsoIn addition to Executive's annual base salary, in the discretion of the Board of DirectorsDirectors may grant to Executive a bonus at any time, receive an additional bonus based on individual merit and performance. The from time to time, and in such amount of this bonus, if any, in any such year as shall be determined by the Board of Directors, Directors in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (United Golf Products Inc)

Discretionary Bonus. Executive may also, in At the sole discretion of the Board of DirectorsDirectors of the Company, the Executive shall receive an additional annual bonus (the "DISCRETIONARY BONUS") in an amount equal to up to 75% of his Base Salary, based upon his performance on individual merit and performancebehalf of the Company during the prior year. The amount of this bonusDiscretionary Bonus shall be payable, if anyat all, either as a lump-sum payment or in any such year shall be installments as determined by the Board of Directors, Directors of the Company in its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Email Real Estate Com Inc)

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