Example ContractsClausesDiscretionary Bonus
Discretionary Bonus
Discretionary Bonus contract clause examples

Discretionary Bonus. During your employment with the Company, the Company may grant you an annual bonus in an amount, if any, and at such times as the Company’s Board of Directors, in its sole discretion, may determine based upon the assessment of the Company’s financial performance and performance of your duties on behalf of the Company. You must be an active employee on the day payment is made in order for you to receive the bonus.

Discretionary Bonus. In the event that the Executive’s employment continues beyond the Initial Employment Term (as defined below), for each calendar year or portion thereof during the Executive’s employment, the Executive shall be eligible for a discretionary bonus (the “Bonus”) prorated for any partial year, less applicable payroll deductions and tax withholdings, upon the same terms and criteria as provided for the Company’s Chief Operating Officer as set forth separately to the Executive. In the event that the Executive’s employment continues beyond the Initial Employment Term, the Bonus for the Executive’s first calendar year of employment shall have accrued from the commencement of the Executive’s employment. Any Bonus will be targeted for payment to the Executive no later than March 15th of the calendar year immediately following the calendar year to which the Bonus relates. The Executive must be employed as an employee in good standing by the Company on the payment date to receive any Bonus, unless mutually agreed between the Parties in writing at the time. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Board. Bonus payments are always at the discretion of the Board. In the event that the Executive does not continue past the Initial Employment Term, the Company may, in its sole discretion, consider, but is not obligated to pay, a discretionary bonus for the period of the Initial Employment Term

Discretionary Bonus. Following the end of each calendar year and subject [[Organization A:Organization]] the approval of the Board, the Executive may be eligible [[Organization A:Organization]] receive in that subsequent year a discretionary retention and performance bonus (the “Annual Bonus”). The target amount of such Annual Bonus will be 100% of the Executive’s then current Base Salary, based on the Executive’s performance and the Company’s performance during the applicable calendar year, as determined by the Board in its sole discretion. The Executive must be an active employee of the Company on the date the Annual Bonus is distributed in order [[Organization A:Organization]] be eligible for and [[Organization A:Organization]] earn any bonus award, as it also serves as an incentive [[Organization A:Organization]] remain employed by the Company.

Discretionary Bonus. You will be eligible to participate in the Company’s annual bonus program pursuant to the terms of that program and you will be eligible to receive a bonus of up to forty percent (40%) of your annual base salary. Your actual bonus, if any, will be determined by the Company’s Board of Directors (the “Board”), or the Compensation subcommittee thereof, in its sole discretion, based upon its evaluation of your performance, the Company’s performance, and any other considerations it deems relevant. For your initial year of employment, your bonus will be pro-rated for the time elapsed in the bonus period for which you were employed by the Company. You must be employed through the bonus payment date to be eligible for, and to earn, any such bonus. Bonuses are typically paid within sixty (60) days after the end of the calendar year. Any bonus payment will be subject to payroll deductions and required withholdings.

Discretionary Bonus. You will be eligible to participate in the Company’s annual bonus program pursuant to the terms of that program and you will be eligible to receive a bonus of up to thirty-five percent (35%) of your annual base salary. Your actual bonus, if any, will be determined by the Company’s Board of Directors (the “Board”), or the Compensation subcommittee thereof, in its sole discretion, based upon its evaluation of your performance, the Company’s performance, and any other considerations it deems relevant. You

Discretionary Bonus. Executive shall be eligible for a yearly discretionary cash, stock or equity bonus (a “Discretionary Bonus”) equal to an amount as determined by the Committee and based on the condition of the Company’s business and results of operations, and the Committee’s evaluation of Executive’s individual performance for the relevant period and/or such other matters as the Committee in its discretion may deem relevant. Each Discretionary Bonus shall be paid in the Committee’s discretion.

Discretionary Bonus. The Executive is eligible for a discretionary annual bonus (an “Annual Discretionary Bonus”) of up to one hundred percent (100%) of his then-applicable Base Annual Compensation, subject to the approval of the CEO, in his sole discretion. The CEO shall have the discretion to determine, on either a prospective or retrospective basis, the factors, criteria or annual bonus plan(s), including performance goals which must be met, if any, for such Annual Discretionary Bonus to be paid to the Executive for each applicable year. Any Annual Discretionary Bonus earned by the Executive will be paid within two and one-half (2 ½) months following the end of the calendar year in which the Annual Discretionary Bonus is earned.

Discretionary Bonus. In addition to the Base Salary, the car allowance, and the equity and bonus opportunities referred to in [Sections 4.6-4.0], the Executive shall be eligible to receive discretionary bonuses as determined by the CEO or the Board of Directors of the Company (the “Board”). The payment of such discretionary bonuses shall not create an entitlement to any discretionary bonus in the future.

Discretionary Bonus. You will be eligible to participate in the Company’s annual bonus program pursuant to the terms of that program and you will be eligible to receive a bonus of up to thirty-five percent (35%) of your annual base salary. Your actual bonus, if any, will be determined by the Company’s Board of Directors, or the Compensation subcommittee thereof (the “Board”), in its sole discretion, based upon its evaluation of your performance, the Company’s performance, and any other considerations it deems relevant. You must be employed through the bonus payment date to be eligible for, and to earn, any such bonus. Any bonus payment will be subject to payroll deductions and required withholdings.

Discretionary Bonus. During the Employment Term, in addition to the Base Compensation, for each fiscal year of Employer ending during the Employment Term, Executive shall have the opportunity to receive an annual ex gratia cash bonus, which may be awarded in Employer's sole discretion, in an amount equal to up to one hundred percent (100%) of the Base Compensation (the "Discretionary Bonus") then in effect. The Discretionary Bonus shall be based on annual performance criteria and the achievement of personal objectives by Executive, which shall be mutually agreed upon by Employer and the Board and assessed by the Board in its sole discretion. The Discretionary Bonus shall be paid to Executive as soon as practicable, but in no event later than 120 days following the fiscal year to which it relates. The Discretionary Bonus shall be paid to the Executive only if the Executive is employed by Employer on the date of payment. With respect to the 2022 fiscal year of Employer, the amount of Executive's Discretionary Bonus shall be no less than eighty percent (80%) of Executive's Base Compensation.

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