Common use of Quarterly Bonus Clause in Contracts

Quarterly Bonus. In addition to the Annual Base Salary and the Capital Placement Commission, the Executive shall be eligible to earn, for each completed 3 month period following the Effective Date of this Agreement during the Term, a quarterly bonus (the “Quarterly Bonus”) based on the Executive’s performance and approved, administered and determined in all respects in the sole discretion of the Company’s CEO and approved by the Company’s Executive Chairman.

Quarterly Bonus. In addition to the Annual Executive’s Base Salary and the Capital Placement CommissionSalary, the Executive shall also be eligible to earn, for each completed 3 month period following the Effective Date of this Agreement during the Term, receive a quarterly bonus of up to Twenty-Five Thousand Dollars ($25,000.00) based on the achievement of quarterly milestones to be agreed upon by the Company and the Executive (the “Quarterly Bonus”) based on ). In the Executive’s performance event the Company and approvedthe Executive do not agree upon the milestones, administered the Board shall establish the applicable milestones in its sole and determined in all respects in absolute discretion. In order to earn any Bonus, the sole discretion Executive must remain employed by the Company through the last day of the Company’s CEO and approved by quarter for which the Company’s Executive ChairmanBonus is awarded.