Common use of Guaranteed Annual Bonus Clause in Contracts

Guaranteed Annual Bonus. With respect to each fiscal year of the Company (a “Fiscal Year”) occurring during the Employment Term, the Employer shall pay Executive a guaranteed annual bonus award equal to $500,000 (the “Guaranteed Annual Bonus”) on March 1 of each calendar year immediately following the calendar year in which the Fiscal Year in respect of which the Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on such date.

Guaranteed Annual Bonus. With respect to each fiscal year of the Company (a “"Fiscal Year”") occurring during the Employment Term, the Employer shall pay Executive a guaranteed annual bonus award equal to $500,000 (the “"Guaranteed Annual Bonus”") on March 1 of each calendar year immediately following the calendar year in which the Fiscal Year in respect of which the Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on such date.

Guaranteed Annual Bonus. With respect to each fiscal year of the Company (a “Fiscal Year”) Year occurring during the Employment Term, the Employer shall pay Executive a guaranteed annual bonus award equal to U.S. $500,000 (the “Guaranteed Annual Bonus”) on March 1 of each calendar year immediately following the calendar year in which the Fiscal Year in respect of which the Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on such date.

Guaranteed Annual Bonus. With respect to each fiscal year of the Company (a “Fiscal Year”) Year occurring during the Employment Term, the Employer shall pay Executive a guaranteed annual bonus award equal to U.S. $500,000 (the “"Guaranteed Annual Bonus”") on March 1 of each calendar year immediately following the calendar year in which the Fiscal Year in respect of which the Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on such date.

Guaranteed Annual Bonus. With respect In addition to each fiscal year of the Base Salary, during the Term, the Company shall pay to the Executive a Guaranteed Annual Bonus payment (a “Fiscal YearGuaranteed Annual Bonus Payment”) occurring in the amount of $77,500. The Guaranteed Annual Bonus Payment shall be paid each year during the Employment Term, Term within 10 business days after the Employer shall pay Executive a guaranteed annual bonus award equal to $500,000 (the “Guaranteed Annual Bonus”) on March 1 end of each calendar year immediately following the calendar year in which and shall not be prorated for the Fiscal Year in respect of which 2009 calendar year. In the event this Agreement is terminated, the Executive shall not be entitled to any Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on Payment for such dateyear or any subsequent period.