Common use of Bonus Remuneration Clause in Contracts

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 may, in respect of each year of his employment hereunder commencing January 1, 2008hereunder, be entitled to a an annual bonus in the form of shares of the Company’s common stock or cash or some combination thereof. The entitlement to, amount and form of bonus of up to 50% of his Salary for such year of employment as remuneration shall be determined and approved by the Board of Directors in its sole discretion in accordance with the Company’s ongoing programmes and objectives, which discretion. Any bonus remuneration 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 may, in respect of each year of his her employment hereunder commencing January 1, 2008, be entitled to a cash bonus of up to 5040% of his her 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 may, in respect of each year of his employment hereunder commencing January August 1, 20082011 (provided the Employment Period is extended in accordance with section 2.4 above), 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 may, in respect of each year of his employment hereunder commencing January 1, 2008hereunder, be entitled to a cash bonus of up to 5060% 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.