Common use of Discretionary Incentive Bonus Clause in Contracts

Discretionary Incentive Bonus. During Employee’s employment, Employee shall be eligible to receive an annual discretionary incentive bonus (the “Discretionary Incentive Bonus”), which shall be targeted at 20% of above Base Salary. The amount of such annual Discretionary Incentive Bonus, if any, shall be determined in Company’s sole discretion based upon Company’s evaluation of Employee’s individual performance, taking into account certain criteria and metrics determined by Company. The annual Discretionary Incentive Bonus for a given year (if any) will be paid no later than March 15th of the following calendar year. To be eligible to receive any Discretionary Incentive Bonus for a given year, Employee must remain continuously employed by Company for the entire calendar year covered by the Discretionary Incentive Bonus. Notwithstanding the foregoing, Employee will be eligible to receive a pro-rata portion of the Discretionary Incentive Bonus for work performed for Company during calendar year 2018, based on Company’s good faith determination of the then-current progress towards the achievement of the applicable criteria and metrics determined by Company and the portion of calendar year 2018 during which Employee is employed. Any pro-rata portion of the Discretionary Incentive Bonus for calendar year 2018 shall be payable when bonuses are generally paid by Company, but no later than March 15, 2019. The Discretionary Incentive Bonus is not earned or owed until the date of its actual distribution. For this reason, to be eligible to receive a Discretionary Incentive Bonus for any year (including calendar year 2018), Employee must be employed with Company on the date the Discretionary Incentive Bonus is actually distributed. More information will be provided after Employee begins employment, and future years’ bonus eligibility, percentage, and metrics will be determined at Company’s sole discretion based on considerations of Employee’s position in effect at that time.

Discretionary Incentive Bonus. During Employee’s employment, Employee shall be eligible to receive an annual discretionary incentive bonus (the “Discretionary Incentive Bonus”), which shall be targeted at 208.33% of above Base Salary. The amount of such annual Discretionary Incentive Bonus, if any, shall be determined in Company’s sole discretion based upon Company’s evaluation of Employee’s individual performance, taking into account certain criteria and metrics determined by Company. The annual Discretionary Incentive Bonus for a given year (if any) will be paid no later than March 15th 31st of the following calendar year. To be eligible to receive any Discretionary Incentive Bonus for a given year, Employee must remain continuously employed by Company for the entire calendar year covered by the Discretionary Incentive Bonus. Notwithstanding the foregoing, Employee will be eligible to receive a pro-rata portion of the Discretionary Incentive Bonus for work performed for Company during calendar year 2018, based on Company’s good faith determination of the then-current progress towards the achievement of the applicable criteria and metrics determined by Company and the portion of calendar year 2018 during which Employee is employed. Any pro-rata portion of the Discretionary Incentive Bonus for calendar year 2018 shall be payable when bonuses are generally paid by Company, but no later than March 15, 2019. The Discretionary Incentive Bonus is not earned or owed until the date of its actual distribution. For this reason, to be eligible to receive a Discretionary Incentive Bonus for any year (including calendar year 2018)any, Employee must be employed with Company on the date the Discretionary Incentive Bonus is actually distributed. More information will be provided after Employee begins employment, and future years’ bonus eligibility, percentage, and metrics will be determined at Company’s sole discretion based on considerations of Employee’s position in effect at that time.

Discretionary Incentive Bonus. During Employee’s employment, Employee shall be eligible to receive an annual discretionary incentive bonus (the “Discretionary Incentive Bonus”), which shall be targeted at 20% of above Base Salary. The amount of such annual Discretionary Incentive Bonus, if any, shall be determined in Company’s sole discretion based upon Company’s evaluation of Employee’s individual performance, taking into account certain criteria and metrics determined by Company. The annual Discretionary Incentive Bonus for a given year (if any) will be paid no later than March 15th 31st of the following calendar year. To be eligible to receive any Discretionary Incentive Bonus for a given year, Employee must remain continuously employed by Company for the entire calendar year covered by the Discretionary Incentive Bonus. Notwithstanding the foregoing, Employee will be eligible to receive a pro-rata portion of the Discretionary Incentive Bonus for work performed for Company during calendar year 20182019, based on Company’s good faith determination of the then-current progress towards the achievement of the applicable criteria and metrics determined by Company and the portion of calendar year 2018 2019 during which Employee is employed. Any pro-rata portion of the Discretionary Incentive Bonus for calendar year 2018 2019 shall be payable when bonuses are generally paid by Company, but no later than March 1531st, 20192020. The Discretionary Incentive Bonus is not earned or owed until the date of its actual distribution. For this reason, to be eligible to receive a Discretionary Incentive Bonus for any year (including calendar year 20182019), Employee must be employed with Company on the date the Discretionary Incentive Bonus is actually distributed. More information will be provided after Employee begins employment, and future years’ bonus eligibility, percentage, and metrics will be determined at Company’s sole discretion based on considerations of Employee’s position in effect at that time.