Performance Bonuses. Employee will be eligible to participate in any performance bonus program adopted by the Board from time to time. Employee’s target bonus under any such bonus program will be equal to thirty percent (30%) of Employee’s Salary. Any bonus paid to the Employee is entirely discretionary and there is no contractual entitlement to receive it and it will not count as part of the Employee’s contractual remuneration or salary for pension purposes or otherwise. Employee’s eligibility for payment of any such bonus as well as the timing and amount of payment, will be determined by the Board in its sole discretion.

Emergence Performance Bonuses. Subject to the provisions of the Plan and any Participation Agreement, each Participant will earn an Emergence Performance Bonus as of the Emergence Date, depending upon the extent to which the Emergence Performance Goals have been achieved.

Bonuses. Executive shall be eligible to receive a maximum annual bonus of up to 130% of Executive’s annual base salary with the amount of such bonus to be determined by the Committee or the Chief Executive Officer based upon criteria established from time to time by the Committee or the Chief Executive Officer, with such maximum being two-times the “target” bonus as used elsewhere in this Agreement.

Performance Bonuses. Each year, you will be eligible to earn an annual incentive bonus equal to forty percent (40%) of your annual base salary (your "Target Bonus"); provided that the annual incentive bonus for the 2020 fiscal year shall be pro-rated based on the portion of such year that has elapsed from the Start Date through December 31, 2020. Whether you receive such a bonus, and the amount of any such bonus, shall be determined by the Board (or duly authorized committee thereof) 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 (or duly authorized committee thereof). Any bonus shall be paid within thirty (30) days after the Board's (or such committee'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.

Bonuses. Executive shall be eligible to receive an annual discretionary bonus (the “Annual Bonus”) for each fiscal year of the Company ending during the term of this Agreement (subject to pro-ration for any partial fiscal year of employment) with the actual amount of any Bonus payable determined by the Board in its sole discretion. The Annual Bonus, if any, shall be paid in a lump sum, as soon as practicable following the end of the Company’s fiscal year to which the Bonus relates and in all events prior to March 15th of such year. Executive must be employed by the Company on the date the Bonus is paid to be eligible to receive the Bonus. Notwithstanding the foregoing, during the first year of Executive’s employment, the Company agrees to pay him a cash sign-on bonus of $75,000 (the “Sign-on Bonus”), payable in two equal installments # 50% on the first payroll date following the Effective Date (the “First Bonus Payment Date”) and # 50% on the first payroll date following the sixth month anniversary of the Effective Date (the “Second Bonus Payment Date”), provided that Executive is employed by the Company on each such bonus payment date, and if Executive voluntarily terminates his employment after the First Bonus Payment Date and prior to the Second Bonus Payment Date, Executive agrees to pay the Company the portion of the Sign-on Bonus paid on the First Bonus Payment Date.

Bonuses. Employee shall receive only such bonuses as the Board of Directors, in its discretion, decides to pay to Employee. The Corporation shall withhold from such bonus payments amounts for state and federal income taxes, social security taxes, and such other payroll deductions as may from time to time be required by law

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.

Performance Bonuses. The Committee is authorized to grant Performance Bonuses to Participants with the following terms and conditions, and with such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall determine:

Performance Bonuses. Each year, you will be eligible to earn an annual incentive bonus equal to forty percent (40%) of your annual base salary (your “Target Bonus”); provided that the annual incentive bonus for the 2020 fiscal year shall be pro-rated based on the portion of such year that has elapsed from the Start Date through December 31, 2020. Whether you receive such a bonus, and the amount of any such bonus, shall be determined by the Board (or duly authorized committee thereof) 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 (or duly authorized committee thereof). Any bonus shall be paid within thirty (30) days after the Board’s (or such committee’s) determination that a bonus shall be awarded. Except as otherwise provided under “Severance” below, 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, except as otherwise provided under “Severance” below.

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.