Examples of Discretionary Bonus in a sentence
The Discretionary Bonus shall be payable either as a lump-sum payment or in installments as determined by the Board of Directors of the Company in its sole discretion.
The Committee shall, at the same time, determine the amount of the Discretionary Bonus payable to Participants.
In order for a Participant to receive any payment with respect to the Participant’s Discretionary Bonus, the Participant must meet the standards established for the Participant’s position, which standards shall be one of the components of the Participant’s Individual Performance Measures.
The frequency, amount, and payment terms of any Discretionary Bonus shall be left to the exclusive discretion of the Board.
Payment by the Company of any Base Salary, Discretionary Bonus or other specified amounts which are due the Executive under the applicable termination provision of Section 5 shall constitute the entire obligation hereunder of the Company and its Affiliates to the Executive.