Common use of Executive Bonus Clause in Contracts

Executive Bonus. Xxxxx shall be eligible for an annual performance bonus (the “Executive Bonus”). The Executive Bonus is a discretionary bonus that can be modified and is subject to review and annual approval by the Board of Directors. Xxxxx must be employed by the Company on the last day of the fiscal year for which the bonus is earned. The bonus will be paid to Xxxxx no later than March 14th of the year following the year (“Payment Date”) in which the Executive Bonus is earned.

Appears in 2 contracts

Samples: Employment Agreement (Rare Element Resources LTD), Employment Agreement (Rare Element Resources LTD)

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Executive Bonus. Xxxxx Xxxxxxx shall be eligible for an annual performance bonus (the “Executive Bonus”). The Executive Bonus is a discretionary bonus that can be modified and is subject to review and annual approval by the Board of Directors. Xxxxx Xxxxxxx must be employed by the Company on the last day of the fiscal year for which the bonus is earned. The bonus will be paid to Xxxxx Xxxxxxx no later than March 14th of the year following the year (“Payment Date”) in which the Executive Bonus is earned.

Appears in 1 contract

Samples: Employment Agreement (Rare Element Resources LTD)

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Executive Bonus. Xxxxx shall be eligible for an annual performance bonus (the “Executive Bonus”)bonus. The Executive Bonus performance bonus is a discretionary bonus that can be modified and is subject to review and annual approval by the CEO and/or Board of Directors. Xxxxx must be employed by the Company on the last day of the fiscal year for which the bonus is earned. The bonus will be paid to Xxxxx no later than March 14th of the year following the year (“Payment Date”) in which the Executive Bonus is earned.

Appears in 1 contract

Samples: Employment Agreement (Rare Element Resources LTD)

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