Common use of Incentive Compensation Program Clause in Contracts

Incentive Compensation Program. During the Term, Executive shall be eligible for an annual discretionary performance-based bonus with a target bonus of 100% of base salary, and based upon the actual performance of the Company in relation to projected EBITDA milestones, other tangible financial metrics, and management bonus objectives to be established by the Compensation Committee of the Board of Directors (the “Compensation Committee”) after consultation with the Chairman of the Board. Any bonus payable as a performance bonus shall be in the amount and paid in the manner, as determined by the Compensation Committee or the Board of Directors in its sole discretion. Any such bonus payable shall be paid within fifteen (15) days of the delivery of the Company annual audit but in any event by the end of the calendar year after the calendar year to which the performance relates. Executive shall not be entitled to any bonus for the calendar year in which Executive's employment with the Company is terminated for any reason, except as provided in Sections 4.1 and 4.4.

Incentive Compensation Program. During the Term, Executive shall be eligible for an annual discretionary performance-based bonus with a target bonus of 100% of base salary, and based upon the actual performance of the Company in relation to projected EBITDA milestones, other tangible financial metrics, and management bonus objectives to be established by the Compensation Committee of the Board of Directors (the “Compensation Committee”) after consultation with the Chairman of the Board. .. Any bonus payable as a performance bonus shall be in the amount and paid in the manner, as determined by the Compensation Committee or the Board of Directors in its sole discretion. Any such bonus payable shall be paid within fifteen (15) days of the delivery of the Company annual audit but in any event by the end of the calendar year after the calendar year to which the performance relates. Executive shall not be entitled to any bonus for the calendar year in which Executive's employment with the Company is terminated for any reason, except as provided in Sections 4.1 and 4.4.

Incentive Compensation Program. During the Term, Executive shall be eligible for an annual discretionary performance-based bonus with a target bonus of 100% of base salary, and based upon the actual performance of the Company in relation to projected EBITDA milestones, other tangible financial metrics, and management bonus objectives to be established by the Compensation Committee of the Board of Directors (the “Compensation Committee”) after consultation with the Chairman of the Board. Any bonus payable as a performance bonus shall be in the amount and paid in the manner, as determined by the Compensation Committee or the Board of Directors in its sole discretion. Any such bonus payable shall be paid within fifteen (15) days of the delivery of the Company annual audit but in any event by the end of the calendar year after the calendar year to which the performance relates. Executive shall not be entitled to any bonus for the calendar year in which Executive's ’s employment with the Company is terminated for any reason, except as provided in Sections 4.1 and 4.4.