Common use of Executive Bonus Program Clause in Contracts

Executive Bonus Program. For each full fiscal year during which Executive remains employed under this Agreement, Executive will have an opportunity to earn a fiscal year-end bonus based upon performance and earnings targets and other standards to be established by the Board or the Compensation Committee for each such year and based upon the Compensation Committee’s and the Board’s evaluations of Executive’s fiscal year results. Bonuses, if any, will be determined and awarded in the Board’s discretion following completion of the Company’s annual audit by independent auditors.

Appears in 2 contracts

Sources: Executive Employment Agreement (Cyanotech Corp), Executive Employment Agreement (Cyanotech Corp)

Executive Bonus Program. For each full fiscal year during which Executive remains employed under this Agreement, Executive will have an opportunity to earn a fiscal year-end bonus based upon performance and earnings targets and other standards to be established by the Board or the Compensation Committee for each such year and based upon the Compensation Committee’s and the Board’s evaluations of Executive’s fiscal year results. Bonuses, if any, Bonuses will be determined and awarded in the Board’s discretion following completion of the Company’s annual audit by independent auditors.

Appears in 1 contract

Sources: Executive Employment Agreement (Cyanotech Corp)

Executive Bonus Program. For each full fiscal year during which Executive remains employed under this Agreement, Executive will have an opportunity to earn a fiscal year-end bonus based upon performance and earnings targets and other standards to be established by the Board or the Compensation Committee for each such year and based upon the Compensation Committee’s and the Board’s evaluations of Executive’s fiscal year results. Bonuses, if any, Bonuses will be determined and awarded in the Board’s discretion following completion of the Company’s annual audit by independent auditors.

Appears in 1 contract

Sources: Employment Agreement (Marijuana Co of America, Inc.)