Common use of No Guaranteed Bonus Clause in Contracts

No Guaranteed Bonus. Notwithstanding the foregoing, no bonus is guaranteed to Executive. Any bonus is subject to the approval of the Board, which retains the authority to review, grant, deny or revise any bonus in its sole discretion.

Appears in 11 contracts

Samples: Chief Executive Officer Employment Agreement (La Jolla Pharmaceutical Co), Executive Employment Agreement (La Jolla Pharmaceutical Co), Employment Agreement (Diedrich Coffee Inc)

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No Guaranteed Bonus. Notwithstanding the foregoing, no bonus is guaranteed to Executive. Any bonus is subject to the approval of the Board, which retains the authority to review, grant, deny or revise any bonus bonus, in its sole discretion.

Appears in 1 contract

Samples: Key Employee Agreement (Peets Coffee & Tea Inc)

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