Common use of Additional Bonus Clause in Contracts

Additional Bonus. The Executive will be eligible to receive an additional bonus in excess of the Annual Bonus (the “Additional Bonus”) as determined by the Compensation Committee of the Board in its sole discretion, provided that the Executive will use one hundred percent (100%) of the Net Amount (defined below) to purchase shares of common stock of the Company in accordance with Company policies and procedures and applicable law. The “Net Amount” means the gross amount of the Additional Bonus less all withholding required by law (such as income and payroll taxes) and such additional withholding as may be agreed upon by the Executive.