You will be eligible to receive a discretionary annual cash bonus having a payout at the target level of performance of fifty percent (50%) of your Base Salary (the “Target Bonus”) for each calendar year that you are employed by the Company, payable during the first calendar quarter of the year following the year to which the bonus relates, subject to your continued employment through the payment date. Such bonus will be subject to your successful achievement of performance goals set by the CEO or the Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating results of the Group or your individual performance.
Cash Bonus. You will be eligible to receivefor a discretionary annual cash bonus having a payout at the target level of performanceup to 35% of fifty percent (50%) of yourExecutive’s Base Salary (the “Target“Annual Bonus”) for each, based on previous year performance. In determining whether to grant a bonus, in its discretion, the Board of Directors of the Company will take into account your performance and milestone achievements. Bonus payments are subject to approval and discretion of the Board of Directors of the Company. Performance objectives will be defined in alignment with the corporate goals. Target annual cash bonus is to be paid within 90 days of the subsequent year. Executive must remain an active employee through the end of any given calendar year in order to earn an Annual Bonus for that you are employed by the Company, payable during the first calendar quarter of the year following the year to which the bonus relates, subject to your continued employment through the payment date. Such bonus will be subject to your successful achievement of performance goals set by the CEO or the Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating results of the Group or your individual performance.year.
You will be eligible to receive a discretionaryan annual cashperformance bonus having a payoutcurrently targeted at 50% of your annual base salary and will be granted in at the target level of performance of fifty percent (50%) of your Base Salary (the “Target Bonus”) for each calendar year that you are employed by the Company, payable during the first calendar quarterdiscretion of the year following the year to which the bonus relates, subject to your continued employment through the payment date. Such bonus will be subject to your successful achievement of performance goals set by the CEO or theand Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating resultsupon its evaluation of the Group orCompany’s and your individual performance.achievements specific to established performance goals.
YouEach calendar year, Executive will be eligible to receive a discretionary annualearn an additional cash bonus havingwith a payout at the target level of performancebonus of fifty percent (50%) of yourthe Base Salary (the “Target“Annual Bonus”) for each calendar year that you are employed, based upon the Board’s assessment of Executive’s individual performance and the Company’s attainment of targeted goals as set by the Company, payable duringBoard in its sole discretion. The actual amount of such Annual Bonus will be determined by the first calendar quarterBoard (or a committee of the Board) in its sole discretion. Your receipt of the Annual Bonus shall be conditioned upon your achievement of performance objectives set by the Board in writing after consultation with you in the applicable calendar year. The Board will determine in its sole discretion whether such performance objectives have been achieved. The Annual Bonus for any given year will be payable between January 1 and March 15 in the year immediately following the year to which the bonus relates, subject toperformance relates. An Annual Bonus will not be earned if your continued employment throughends for any reason before the payment date. Such bonus will be subject to your successful achievement of performance goals set by the CEO or the Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating resultsfinal day of the Group or your individual performance.bonus year.
YouAs a participant in the Company's annual incentive plan, you will be eligible to receive a discretionaryan annual cash bonus having(the "Annual Bonus") provided threshold performance goals are achieved. Your annual target incentive opportunity will be 75% of your annual base salary and your annual maximum incentive opportunity will be 100% of your annual base salary, in each case, subject to performance goals, terms and conditions established by the Compensation Committee. You will be eligible for a payouttarget incentive opportunity for your first year of employment which shall not be prorated.. Any Annual Bonus payable with respect to a fiscal year will be paid during the following fiscal year at the target levelsame time as the annual incentives are paid generally to other members of performance of fifty percent (50%) of your Base Salary (the “Target Bonus”) for each calendar yearthe executive team, provided that you are actively employed by the Company, payable during the first calendar quarter of the year following the year to which the bonus relates, subject to your continued employment throughon the payment date. Such bonus will be subject to your successful achievement of performance goals set by the CEO or the Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating results of the Group or your individual performance.
You willAnnual Bonus. Executive shall be eligible to receive a discretionary annual cash bonus having a payout at the target levelbased on Executive’s achievement of performance objectives established by the Board or its Compensation Committee upon recommendation of fifty percent (50%)the CEO, such bonus to be targeted at 40% of yourExecutive’s Annual Base Salary (the “Target“Annual Bonus”). If your initial date of employment is after April 1st of the applicable year, your performance bonus will be prorated to reflect your service. If you are hired after October 1st, you will not be eligible for each calendara performance bonus in the year that you are hired. You must be employed at the Company at the time bonuses are paid to be eligible to receive such bonus. Any Annual Bonus approved by the Company, payable duringBoard, the first calendar quarterCompensation Committee of the year followingBoard shall be paid at the yearsame time annual bonuses are paid to whichother executives of the bonus relates,Company generally, subject to your continuedExecutive’s continuous employment through the payment date. Such bonus will be subject to your successful achievementdate of performance goals set by the CEO or the Board (or committee thereof), in their sole discretion, including, without limitation, goals based on the operating results of the Group or your individual performance.approval.
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