Common use of Bonus Potential Clause in Contracts

Bonus Potential. At the sole discretion of the Company, you will be eligible to receive an annual retention and performance bonus of up to 30% of your Base Salary, which will be dependent upon your individual performance and the Company’s performance during the applicable year, all as determined by the Company in its sole discretion. Any bonus that may be awarded to you hereunder will be paid no later than March 15th of the year following the calendar year to which the bonus relates, subject to your continuous employment through the end of the calendar year to which such bonus relates. The foregoing shall be construed and applied so that any bonus payable to you hereunder qualifies as a “short-term deferral” under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).

Bonus Potential. At the sole discretion of the Company, you will be eligible to receive an annual retention and performance bonus of up to 3040% of your Base Salary, which will be dependent upon your individual performance and the Company’s performance during the applicable year, all as determined by the Company in its sole discretion. Any bonus that may be awarded to you hereunder will be paid no later than March 15th of the year following the calendar year to which the bonus relates, subject to your continuous employment through the end of the calendar year to which such bonus relates. The foregoing shall be construed and applied so that any bonus payable to you hereunder qualifies as a “short-term deferral” under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).

Bonus Potential. At the sole discretion of the CompanyBoard, you will be eligible to receive an annual retention and performance bonus of up to 3055% of your Base Salary, which will be dependent upon your individual performance and the Company’s performance during the applicable year, all as determined by the Company Board in its sole discretion. Any bonus that may be awarded to you hereunder will be paid no later than March 15th of the year following the calendar year to which the bonus relates, subject to your continuous employment through the end of the calendar year to which such bonus relates. The foregoing shall be construed and applied so that any bonus payable to you hereunder qualifies as a “short-term deferral” under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).