Bonus Remuneration. The Executive shall, in respect of each Year of Employment during the Employment Period, receive such bonus remuneration, as outlined in Schedule 5.2.
Bonus Remuneration. The Employee shall, in respect of each Year of Employment during the Employment Period, receive bonus remuneration in accordance with the terms and conditions outlined in Schedule 5.2.
Bonus Remuneration. In respect of each Year of Employment during the Employment Period, the Employee shall be entitled to receive a maximum of 50 percent of his Basic Salary as bonus remuneration based upon performance criteria agreed upon by the President and Chief Operating Officer and the Chief Executive Officer and approved by the Compensation Committee of the board of directors of the Corporation. In respect of the First Year of Employment, the Employee will be entitled to a bonus payment, if any, prorated to the proportion that the number of days in the First Year of Employment is to 365. SCHEDULE 5.3
Bonus Remuneration. The Board may award the Executive, an annual bonus of cash, stock options, other share based compensation or any combination thereof. Such bonus shall be awarded in the sole discretion of the Board (the "BONUS") at the recommendation of the Chief Executive Officer. Each year, at the time that the Board approves the Corporation's annual business plan and annual budget, the Executive and the Board (or a committee thereof) shall mutually agree on the objectives upon which any Bonus shall be based. Such objectives may include subjective and objective criteria.
Bonus Remuneration. The Executive may, in respect of each year of his employment hereunder commencing January 1, 2008, be entitled to a cash bonus of up to 50% of his Salary for such year of employment as determined by the Board in its sole discretion in accordance with the Company’s ongoing programmes and objectives, which shall be paid within 30 days following the date as of when the audited financial statements for such year have been approved by the Board.
Bonus Remuneration. The Executive will be entitled to receive bonus remuneration, if any, in respect of each Year of Employment during the Employment Period, as the board of directors of the Corporation, in its sole discretion, may authorize in accordance with the terms of any management incentive compensation plan of the Corporation in effect from time to time. The terms of any management incentive compensation of the Corporation will be detailed to the Executive at the beginning of each fiscal year.
Bonus Remuneration. The Manager may, in respect of each year of his employment hereunder, be entitled to a cash bonus of up to 30% of his Salary for such year of employment as determined by the Board in its sole discretion in accordance with the Company’s ongoing programmes and objectives and as the same shall be mutually agreed between the Company the Manager , which shall be paid within 30 days following the date as of when the audited financial statements for such year have been approved by the Board.
Bonus Remuneration. The Employee is eligible to receive a bonus equal to a maximum amount of 50% of the Employee's Salary, less applicable deductions and withholdings. The payment of any bonus will be based on Employee's performance within a specific area of responsibility and/or the Corporation achieving its financial objectives for the fiscal year; the amount of any such bonus and whether any bonus is earned shall be determined by the Corporation in its sole discretion. Any bonus earned shall be paid within sixty (60) days after the end of the Corporation's fiscal year.
Bonus Remuneration. In respect of each Year of Employment during the Employment Period, the Employee shall be entitled to receive a maximum of fifty (50%) percent of his salary as bonus remuneration based upon performance criteria agreed upon by the President and Chief Operating Officer.
Bonus Remuneration. The Employee shall, in respect of each Year of Employment during the Employment Period, be entitled to receive such bonus remuneration, if any, as the Board of Directors of PRTT, in its sole discretion (“Bonus”), may authorize for the Senior Management.
