Common use of Bonus and Stock Options Clause in Contracts

Bonus and Stock Options. During the Term, the Employee shall be eligible to receive an annual cash bonus for each fiscal year, as determined by the CEO in its sole discretion. Such annual bonus, as determined by the CEO in its sole discretion, will not exceed 50% of the Base Salary. Any such bonus must be paid to the Employee within sixty (60) days after the date the CEO determines to award such bonus. In order to receive any cash bonus payable pursuant to this Section 6(b), the Employee must be actively employed by the Company on the date on which such bonus is scheduled to be paid to the Employee. During the Term, the Employee shall be eligible for awards of options to purchase shares of the Company's stock (the "Stock Options"), such Stock Options to be awarded in the sole discretion of the Board and in accordance with the terms of the Company's Stock Option Plan (the "Plan"), as the Plan may be amended, suspended, or terminated from time to time. In addition to the annual cash bonus and stock option awards set forth above, additional bonus in the form of cash and/or stock in the Board's sole discretion may be paid to the Employee.

Bonus and Stock Options. During the Term, the Employee shall be eligible to receive an annual cash bonus for each fiscal year, as determined by the CEO Board in its sole discretion. Such annual bonus, as determined by the CEO Board in its sole discretion, will not exceed 5075% of the Base Salary. Any such bonus must be paid to the Employee within sixty (60) days after the date the CEO Board determines to award such bonus. In order to receive any cash bonus payable pursuant to this Section 6(b), the Employee must be actively employed by the Company on the date on which such bonus is scheduled to be paid to the Employee. During the Term, the Employee shall be eligible for awards of options to purchase shares of the Company's stock (the "Stock Options"), such Stock Options to be awarded in the sole discretion of the Board and in accordance with the terms of the Company's Stock Option Plan (the "Plan"), as the Plan may be amended, suspended, or terminated from time to time. In addition to the annual cash bonus and stock option awards set forth above, additional bonus in the form of cash and/or stock in the Board's sole discretion may be paid to the Employee.

Bonus and Stock Options. During the Term, the Employee shall be eligible to receive an annual cash bonus for each fiscal year, as determined by the CEO in its his sole discretion. Such annual bonus, as determined by the CEO in its his sole discretion, will not exceed fifty percent (50% %) of the Base Salary. Any such bonus must be paid to the Employee within sixty (60) days after the date the CEO determines to award such bonus. In order to receive any cash bonus payable pursuant to this Section 6(b), the Employee must be actively employed by the Company on the date on which such bonus is scheduled to be paid to the Employee. During the Term, the Employee shall be eligible for awards of options to purchase shares of the Company's stock (the "Stock Options"), such Stock Options to be awarded in the sole discretion of the Board and in accordance with the terms of the Company's Stock Option Plan (the "Plan"), as the Plan may be amended, suspended, or terminated from time to time. In addition to the annual cash bonus and stock option awards set forth above, an additional bonus in the form of cash and/or stock in the Board's sole discretion may be paid to the Employee.