Common use of Performance Cash Bonuses Clause in Contracts

Performance Cash Bonuses. (i) With respect to each Fiscal Year ending during the Term, Executive will be eligible to receive a cash bonus equal to a percentage of his Base Salary upon the Company's achievement of certain performance thresholds as determined by the Board of Directors (the "Board of Directors"). (ii) The Board of Directors shall determine the performance thresholds and the amount of the bonus to be received for achieving each performance threshold prior to the commencement of each fiscal year. (iii) If such bonus is earned with respect to any Fiscal Year, such bonus will be paid to Executive within 30 days following receipt by the Company of its certified consolidated financial statements for the relevant year, but no later than 125 days after the end of the Fiscal Year to which such bonus relates. 3. The remaining terms of the Agreement remain in full force and effect. 4. This Amendment may be executed in one or more counterparts, and all such counterparts shall constitute one Amendment.

Performance Cash Bonuses. (i) With respect to each Fiscal Year ending during the Term, Executive will be eligible to receive a cash bonus equal to a percentage of his Base Salary upon the Company's achievement of certain performance thresholds as determined by the Board of Directors (the "Board of Directors"). (ii) The Board of Directors shall determine the performance thresholds threshold and the amount of the bonus to be received for achieving each performance threshold prior to the commencement of each fiscal year. (iii) If such bonus is earned with respect to any Fiscal Year, such bonus will be paid to Executive within 30 days following receipt by the Company of its certified consolidated financial statements for the relevant year, but no later than 125 days after the end of the Fiscal Year to which such bonus relates. 3. The remaining terms of the Agreement remain in full force and effect. 4. This Amendment may be executed in one or more counterparts, and all such counterparts shall constitute one Amendment.