Common use of Bonuses Clause in Contracts

Bonuses. In addition to the other compensation of Executive as set forth herein, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMG, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 9 contracts

Samples: Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/, Salem Media Group, Inc. /De/

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Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGthe Company, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) options or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 9 contracts

Samples: Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/)

Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGthe Company, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 9 contracts

Samples: Employment Agreement, Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/)

Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGthe Company, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) options or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 4 contracts

Samples: Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/), Employment Agreement (Salem Media Group, Inc. /De/)

Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGthe Company, which bonus may be paid in cash, equity (stockshares of Common Stock of SMG, stock options, restricted stock, etc.) options or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.Employment Agreement Xxxxxx X. Xxxxxxxx III

Appears in 1 contract

Samples: Employment Agreement (Salem Media Group, Inc. /De/)

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Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGthe Company, which bonus may be paid in cash, equity (stockshares of Common Stock of the Parent, stock options, restricted stock, etc.) options or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 1 contract

Samples: Employment Agreement (Salem Media Group, Inc. /De/)

Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 herein, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGSalem, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 1 contract

Samples: Salem Media Group, Inc. /De/

Bonuses. In addition to the other compensation of Executive as set forth herein, and subject to the provisions of Section 4 hereof, Executive shall be eligible for an annual merit bonus in an amount to be determined at the discretion of the Board of Directors of SMGBoard, which bonus may be paid in cash, equity (stock, stock options, restricted stock, etc.) options or a combination thereof. The amount of the annual bonus, if applicable, is not earned until the date of its determination and distribution in the following year.

Appears in 1 contract

Samples: Employment Agreement (Salem Communications Corp /De/)

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