Future Bonuses. Executive shall be entitled to receive a minimum annual bonus payment targeted at seventy-five percent (75%) of his Annual Base Salary (“Target Bonus”). Said bonus shall be based on performance objectives, goals, and milestones agreed to by the Executive and the Compensation Committee. Said bonus shall also be based on the reasonable judgment of the Compensation Committee. In addition, Executive shall be entitled to a discretionary bonus targeted at twenty-five percent (25%) of his Annual Base Salary. In the event Executive exceeds the stated goals and objectives, Executive shall have the ability to earn a larger bonus based on the performance criteria set forth above and the reasonable judgment and discretion of the Compensation Committee. The parties acknowledge that the Company’s previous Equity Incentive Plan that was approved by the Company’s shareholders, has expired. The Company intends to submit a new Equity Incentive Plan for approval by its shareholders. Until an Equity Incentive Plan is approved by the Company’s shareholders, any bonus compensation payable to the Executive shall be in the form of cash. If and when a new Equity Incentive Plan is approved by the Company’s shareholders, the Executive shall have the right to have any bonuses paid in the form of restricted stock units or other equity incentive arrangements provided for under the proposed new Equity Incentive Plan. Any issuance of equity based compensation to the Executive shall be consistent with the provisions of NASDAQ Listing Rule 5635(c).
Future Bonuses. For periods after fiscal 2016, during the Employment Term, Executive shall be eligible to participate in the bonus program then-available to similarly-situated executives on such terms and conditions as determined by the Company.
Future Bonuses. Executive shall be eligible to receive an annual bonus of up to 100% of his Base Salary in the event that the Company has attained certain specified performance goals. Payment of the bonus, if any, shall be made at the same time that other executive officer bonuses are paid generally, but in no event later than April 30 of the following year, so long as Executive remains in the employ of the Company on December 31 of the applicable year. The performance goals shall be established by the Compensation Committee in consultation with the Executive. The determination as to whether the performance goals have been attained shall be made by the Compensation Committee in its sole and absolute discretion to the extent the performance goals are not quantifiable and on the basis of the Company's audited financial statements, to the extent the performance goals are quantifiable. Equitable adjustments shall be made by the Compensation Committee to the targets to reflect the effect of acquisitions/divestitures. Notwithstanding the foregoing, the Compensation Committee shall review Executive's performance annually and may pay Executive an annual bonus based upon such factors as the Compensation Committee may determine in its sole and absolute discretion.
Future Bonuses. During Executive’s employment, Executive shall be entitled to an additional bonus as specified below upon the occurrence of each and every one of the following events:
Future Bonuses. The parties agree that the performance goals and potential incentive awards in effect during the term of this Agreement shall be as set forth in Exhibit A hereto. Bonuses paid pursuant to the conditions set forth in Exhibit A shall be referred to herein as “Incentive Compensation Bonuses” or “Bonuses.”
Future Bonuses. The Employee with be eligible for a bonus of at least $20,000 in every calendar year pending the successful completion of certain goals as mutually agreed upon between the Employee and the Company.
