Common use of Bonus Remuneration Clause in Contracts

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. In respect of each full Year of Employment during the Employment Period, the Employee shall be entitled to receive a maximum of 50 25 percent of his the Basic Salary as bonus remuneration based upon performance and other criteria agreed upon by the Chairman and Chief Executive Officer and the President and Chief Operating Officer and the Chief Executive Officer and approved by the Compensation Committee of the board Board of directors of the CorporationDirectors. In respect of the First Year of Employment, the Employee will be entitled to a bonus paymentBonus payable, if any, prorated shall be pro-rated to the proportion that the number of days in the First Year of Employment is to 365. SCHEDULE 5.3

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 25% of his her Basic Salary as bonus remuneration based upon performance criteria agreed upon by the President Chairman 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 365Board. SCHEDULE 5.3

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 Chairman and Chief Operating Officer and the Chief Executive Officer and approved by the Compensation Committee of the board Board of directors of the CorporationDirectors. In respect of the First Year of Employment, the Employee Corporation will be entitled to guarantee a minimum bonus paymentpayment of 20 percent of his Basic Salary, if any, prorated pro-rated to the proportion that of the number of days in the First Year of Employment is to 365. SCHEDULE 5.3

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 25% of his Basic Salary as bonus remuneration based upon performance criteria agreed upon by the President Chairman 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 5.3Board.