Common use of Discretionary Cash Bonus Clause in Contracts

Discretionary Cash Bonus. Executive shall be eligible for a discretionary cash bonus (“Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee”) and shall be based on the condition of Employer’s business and results of operations, the Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Committee’s discretion.

Appears in 5 contracts

Samples: Executive Employment Agreement (Kodiak Oil & Gas Corp), Executive Employment Agreement (Kodiak Oil & Gas Corp), Executive Employment Agreement (Kodiak Oil & Gas Corp)

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Discretionary Cash Bonus. Executive shall be eligible for a discretionary cash bonus (“Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee”) and , which shall be based on the condition of Employer’s business and results of operations, the Compensation Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the CommitteeCompensation Committee of the Employer. Each Any Cash Bonus shall be paid in the Compensation Committee’s discretion.

Appears in 3 contracts

Samples: Executive Employment Agreement (Isonics Corp), Executive Employment Agreement (Isonics Corp), Executive Employment Agreement (Isonics Corp)

Discretionary Cash Bonus. Executive shall be eligible for a yearly discretionary cash bonus (a “Cash Bonus”) equal to an amount as determined by in the Compensation and Nominating Committee reasonable discretion of the Board of Directors (the “Committee”) and shall be based on the condition of Employerthe Company’s business and results of operations, the Committee’s Board of Directors evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the CommitteeBoard of Directors. Each Cash Bonus shall be paid in the Committee’s Board of Directors’ discretion.

Appears in 2 contracts

Samples: Executive Employment Agreement (American International Holdings Corp.), Executive Employment Agreement (American International Holdings Corp.)

Discretionary Cash Bonus. Executive shall be eligible for a discretionary cash bonus (“Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee,” which term, when used herein, shall include the entire Board of Directors in the absence of a Compensation Committee) and shall be based on the condition of Employer’s business and results of operations, the Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Committee’s discretion.

Appears in 2 contracts

Samples: Executive Employment Agreement (Golden Eagle International Inc), Executive Employment Agreement (Golden Eagle International Inc)

Discretionary Cash Bonus. Executive shall be eligible for a yearly discretionary cash bonus (a “Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee”) and shall be based on the condition of Employerthe Company’s business and results of operations, the Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Committee’s discretion, provided that the minimum targeted yearly Cash Bonus shall be in an amount equal to not less than $240,000 per year.

Appears in 1 contract

Samples: Employment Agreement (Vertex Energy Inc.)

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Discretionary Cash Bonus. Executive shall be eligible for a yearly discretionary cash bonus (a “Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee”) and shall be based on the condition of Employerthe Company’s business and results of operations, the Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Committee’s discretion, provided that the minimum targeted yearly Cash Bonus shall be in an amount equal to not less than $75,000 per year.

Appears in 1 contract

Samples: Employment Agreement (Vertex Energy Inc.)

Discretionary Cash Bonus. Executive shall be eligible for a yearly discretionary cash bonus (a “Cash Bonus”) equal to an amount as determined by the Compensation and Nominating Committee of the Board of Directors (the “Committee”) and shall be based on the condition of Employerthe Company’s business and results of operations, the Committee’s evaluation of Executive’s individual performance for the relevant period, and the satisfaction of goals that may be established by the Committee. Each Cash Bonus shall be paid in the Committee’s discretion, provided that the minimum targeted yearly Cash Bonus shall be in an amount equal to not less than $385,000.

Appears in 1 contract

Samples: Employment Agreement (Vertex Energy Inc.)

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