Common use of Annual Discretionary Bonus Clause in Contracts

Annual Discretionary Bonus. For each full fiscal year of employment with the Company (currently ending October 31), you shall be eligible for a discretionary bonus award pursuant to the Company’s Incentive Compensation Plan, the specific terms and conditions of such award to be approved by the Board of Directors or the Compensation Committee at the time of the bonus award. Any payment received in connection with a bonus award shall be paid within thirty (30) days following the date the Company publicly releases its annual audited financial statements, but in no event later than March 15 of the calendar year following the fiscal year for which the bonus is awarded. Any bonus payments shall be less applicable withholdings and deductions.

Appears in 6 contracts

Samples: Personal and Confidential (Quiksilver Inc), Personal and Confidential (Quiksilver Inc), Personal and Confidential (Quiksilver Inc)

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