Example ContractsClausesannual performance bonusVariants
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Performance Bonus. Each year, commencing in calendar , you will be eligible to earn an annual incentive bonus equal to 40 percent of your annual base salary as actually paid during the year. Whether you receive such a bonus, and the amount of any such bonus, shall be determined by the Board in its sole discretion, and shall be based upon achievement of performance objectives to be mutually agreed upon between you and the Board (or duly authorized committee thereof) and other criteria to be determined by the Board. Any bonus shall be paid within thirty (30) days after the Board’s determination that a bonus shall be awarded. You must be employed on the day that your bonus (if any) is paid in order to earn the bonus. Therefore, if your employment is terminated either by you or the Company for any reason prior to the bonus being paid, you will not have earned the bonus and no partial or prorated bonus will be paid.

Performance Bonus. Each year, commencing in calendar ,In this position you will be eligible to earn an annual incentiveperformance bonus equalof up to 40 percent which will be prorated for 2010 based on your length of your annual base salary as actually paid duringemployment in . Following the year. Whetherclose of each calendar year, the Board will determine whether you receive suchhave earned a performance bonus, and the amount of any suchperformance bonus, shallbased on your performance and the Company’s performance over the year. No amount of the annual bonus is guaranteed, and you must be determined byan employee in good standing on the Board in its sole discretion, and shall be based upon achievement of performance objectivesbonus payment date to be mutually agreed upon between you and the Board (or duly authorized committee thereof) and other criteriaeligible to be determined by the Board. Any bonus shall be paid within thirty (30) days after the Board’s determination thatreceive a bonus shall be awarded. You must be employed on the day that your bonus (if any) is paid in order to earn the bonus. Therefore, if your employment is terminated either by you or the Company for any reason prior to the bonus being paid, you will not have earned the bonus andbonus; no partial or prorated bonusbonuses will be paid.provided. The annual performance bonus, if earned, will be paid no later than March 15 of the calendar year after the year to which it relates. Your base salary and bonus eligibility will be reviewed on an annual or more frequent basis by the Board (or any authorized committee thereof), and are subject to change in the discretion of the Board (or any authorized committee thereof).

PerformanceAnnual Bonus. Each year, commencing in calendar , youYou will be eligiblehave the opportunity to earn an annual incentivecash bonus equalof up to 40thirty percent (30%) of your annual base salary as actually paid duringfor each fiscal year based on the year. Whether you receive such a bonus, and the amount of any such bonus, shall be determined by the Board in its sole discretion, and shall be based upon achievement of performance objectives to be mutually agreed upon betweencertain objectives, which you and the Board (or duly authorized committee thereof)will mutually establish. Such bonus payment is subject to your continued employment through and other criteria to be determined byuntil the Board. Any bonus shall be paid within thirty (30) days after the Board’s determination that a bonus shall be awarded. You must be employed on the day that your bonus (if any) is paid in order to earn the bonus. Therefore, if your employment is terminated either by you or the Company for any reason prior to the bonus being paid, you will not have earned the bonus and no partial or prorateddate of payment. The bonus will be paid.paid no later than March 15 of the year following the year in which such bonus was earned.

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