Performance Bonus Compensation. Executive may be eligible for a cash performance/incentive bonus that is approved and granted by the Committee pursuant to the achievement of milestones established by the Committee; such a performance/incentive bonus (“Bonus”) shall be equal to fifty percent (50%) of the Base Salary of the Executive or such other percentage as determined by the Committee. Any Bonus shall be paid within seventy-four (74) days of the Company’s fiscal year end. The Committee will consider such performance-based bonuses, including the milestones for such bonuses, for the Executive on a regular basis, which shall occur at least once each calendar year.
Appears in 7 contracts
Samples: Executive Employment Agreement (PetVivo Holdings, Inc.), Executive Employment Agreement (PetVivo Holdings, Inc.), Executive Employment Agreement (PetVivo Holdings, Inc.)
