Example ContractsClausesannual cash bonusVariants
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You will receive a base salary of $375,000.00 per annum ($31,250.00 monthly), which will be paid semi‑monthly in accordance with the Company’s normal payroll procedures (“Base Salary”). You will also be eligible to earn an annual cash bonus up to 35.0% of your Base Salary (“Annual Bonus”), prorated for 2021 based on your Start Date. The actual amount of the Annual Bonus will be determined at the sole discretion of the Company’s Board based upon measures of Company performance and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months after the end of the calendar year to which the Annual Bonus relates.

You will receive aIf you decide to join us, your annual base salary of $375,000.00 per annum ($31,250.00 monthly), which will be paid semi‑$275,000.00, payable semi-monthly in accordance with the Company’Company’s normal payroll procedures (“Base Salary”). Youand subject to the usual, required withholdings. Your annual bonus opportunity will also be eligible to earn an annual cash bonus up to 35.0%targeted at $55,000, provided that in the first year of employment, the company guarantees $25,000 of your Base Salary (“Annual Bonus”), prorated for 2021 based ontargeted bonus opportunity, subject to your Start Date. The actual amountcontinued employment through the first year of employment. Except with respect to the Annual Bonusguaranteed portion of your bonus, your bonus if any will be subject to the achievement of performance objectives and/or other criteria as determined atby the Company in its sole discretion ofdiscretion. Any bonus payable to you will be subject to the Company’s Board based upon measures of Company performanceusual, required withholdings, and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months after the endno later than March 15 of the calendar year tofollowing the calendar year in which the Annual Bonus relates. bonus is earned by you.

YouYour initial salary will receive abe $27,083 per month, equivalent to an annualized base salary of $375,000.00 per annum ($31,250.00 monthly), which will be$325,000, paid semi‑monthly in accordance with the Company’s normalour standard payroll procedures (“Base Salary”).practices and subject to all withholdings and deductions as required by law, for your full-time efforts, of at least 40 hours per week. You will also be eligible to earn anfor annual cash bonus compensation of up to 35.0%20% of your Base Salary (“Annual Bonus”), prorated for 2021annualized base salary, based upon company, departmental and individual performance against the applicable performance goals established by the Compensation Committee. For 2017, you will receive a pro-rated annual bonus based on your Start Date. The actual amountthe number of days you are employed during the year. You must remain continuously employed with the Company through the date of the Annual Bonus will be determined atbonus payment to receive such payment. All bonus payments, if any, are subject to the sole discretionapproval of the Company’s Board based upon measures of Company performance and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months after the end of the calendar year to which the Annual Bonus relates. Directors.

You will receive aBase Salary and Bonus. Your base salary of $375,000.00 per annum ($31,250.00 monthly), which will be at the rate of $9,166.67 per pay period (which, if annualized, equals $220,000), less all applicable taxes and withholdings, to be paid semi‑monthlyin installments in accordance with the Company’Company’s normalregular payroll procedures (“Base Salary”). You will alsopractices. Your base salary may be eligible to earn an annual cash bonus up to 35.0% of your Base Salary (“Annual Bonus”), prorated for 2021 based on your Start Date. The actual amount of the Annual Bonus will be determined atadjusted in the sole discretion of the Company’s Board based upon measures of Company performance and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months afterfrom time to time in accordance with normal business practices. Following the end of theany calendar year in which you are employed by the Company, and subject to which the Annual Bonus relates. approval of the Company’s Board of Directors (the “Board”), you may from time to time be eligible for a discretionary annual retention and performance bonus award, to be paid in that subsequent year in accordance with the Company’s customary practices, of up to 30% of your then current annualized base salary. Any such bonus award would be based on both you and the Company achieving certain performance objectives for that calendar year, both as determined by the Company in its sole discretion. You must be an active employee of the Company on the date the bonus is distributed in order to be eligible for and to earn any bonus award, as it also serves as an incentive to remain employed by the Company. You will be eligible for this annual bonus award beginning with 2015 calendar year performance.

YouAs a full-time employee, you will receiveinitially earn a base salary of $375,000.00 per annum ($31,250.00 monthly), which will be$160,000 paid semi‑twice monthly in accordance withon the Company’s normal payroll procedures (“Base Salary”). Youschedule. Your base salary will alsobe subject to review annually as part of the Company’s normal salary review process. In addition to the base salary, you will be eligible for a bonus of up to earn10% of your annual base salary. The bonus will be paid on an annual cash bonus up to 35.0% of your Base Salary (“Annual Bonus”), prorated for 2021 basedbasis. However, the final decision on your Start Date. The actualthe amount of the Annual Bonus will be determined at the sole discretion of the Company’s Board based upon measures of Company performance and shall not be earned until paid. Any Annual Bonusbonus that will be paid within two and one-half (2.5) months aftershall be defined by the end of the calendar year to which the Annual Bonus relates. Company in its sole discretion.

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