Discretionary Compensation. Employee shall also be entitled to such additional increases in Base Salary, bonuses and stock options as may be determined from time to time by the Compensation Committee of the Board of Directors of the Company in consultation with the Company’s Chief Executive Officer.
Discretionary Compensation. The Company may pay Xxxxxxx discretionary compensation, bonuses and benefits in addition to those provided for herein in such amounts and at such times as the Compensation Committee shall determine.
Discretionary Compensation. BHLB shall permit Legacy to pay discretionary compensation of up to an aggregate of $700,000 to such persons under specifically identified compensation plans or programs and in such amounts as set forth in Legacy Disclosure Schedule 7.6.12.
Discretionary Compensation. Fremed may, at the discretion of the Board, be granted additional stock options, share appreciation rights or bonuses under plans adopted by the Board for the benefit of employees of Grand.
Discretionary Compensation. Executive is eligible for a 100% target bonus with a 3x multiplier, upon achieving specified individual and company performance objectives. The bonus is discretionary, and the details of Company’s bonus plan will be set forth in a separate document, which is subject to modification from time to time at the discretion of the Company. Executive is also eligible to participate in the Company’s Stock Option Plan in early 2019; details of which are forthcoming in an Option Agreement. Executive will be allocated options to purchase 1,200,000 Subordinate Voting Shares (the “Equity Award”) of the Company’s parent, Harvest Health & Recreation, Inc., a corporation organized under the laws of British Columbia, Canada (“Harvest Health”). The terms and conditions of the Option Agreement, including vesting periods, shall be commensurate with those provided to other employees of the Company except as provided for in this Agreement, provided, however, that if approved by the Company’s Board, the vesting period for the Equity Award shall immediately vest upon a Change of Control (as hereinafter defined). A “Change of Control” shall be deemed to have occurred if, after the Effective Date, (i) the beneficial ownership (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of securities representing more than 50% of the combined voting power of Harvest Health is acquired by any “person” as defined in sections 13(d) and 14(d) of the Exchange Act (other than Harvest Health, any subsidiary of Harvest Health, or any trustee or other fiduciary holding securities under an employee benefit plan of Harvest Health), (ii) the merger or consolidation of Harvest Health with or into another corporation where the shareholders of Harvest Health, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any) in substantially the same proportion as their ownership of Harvest Health immediately prior to such merger or consolidation, or (iii) the sale or other disposition of all or substantially all of Harvest Health’s assets to an entity, other than a sale or disposition by Harvest H...
Discretionary Compensation. Based upon an evaluation to be prepared by the Board of Directors, not later than March 31 of each succeeding year, the Board of Directors, at their sole discretion, will approve additional compensation to be paid in the form of an annual bonus for the previous year. The evaluation will give consideration to total performance, to include the following attributes. - Technical expertise - Leadership and managerial skills - Scope of duties - Meeting or exceeding mutually agreed upon goals and objectives As part of the evaluation process, goals and objectives will be established for the current year. They are to be mutually agreed upon goals and objectives and will include the following: - Goals and objectives identified in prior years evaluation - Current financial model (budget) - Specific objectives addressed by the Board of Directors for the current year Based upon the evaluation referred to above, the Board will have the option of giving a annual bonus as a percentage of base salary based on superior performance. The bonus consideration shall be for each calendar year ending December 31. Executive will have the option to receive discretionary compensation in cash or participate in a deferred compensation program that may be established by Employer.
Discretionary Compensation. The Employee shall also be entitled to such additional increases in Base Salary, bonuses and stock options as shall be determined from time to time by the Board of Directors of the Company.
Discretionary Compensation. In addition to the foregoing, Employee shall be entitled to participate, to the extent determined by Employer's Board of Directors, in such officer/executive bonus plans as may be adopted by Employer.
Discretionary Compensation. Mr. XxXxxx xxxll be entitled to such discretionary compensation, stock options, and deferred compensation, if any, as may be made available from time to time to executives of the Bank or of the Holding Company serving in positions comparable to that of Mr. XxXxxx, all as may be declared or authorized from time to time by the Board of the Bank or of the Holding Company.
