Common use of Guaranteed Bonus Clause in Contracts

Guaranteed Bonus. The Company shall pay the Executive a lump-sum cash bonus (the “Guaranteed Bonus”) equal to one hundred thousand dollars ($100,000.00) within thirty (30) days following the expiration of each year of the Term, provided that the Executive is employed hereunder on the last day of such year of the Term (subject to the terms of Section 10 hereof), and regardless of whether the Executive remains employed by Company after such date. Any bonus not paid shall accrue until paid.

Guaranteed Bonus. The Company shall pay the Executive a lump-sum cash bonus (the “Guaranteed Bonus”) equal to one hundred seventy-five thousand dollars ($100,000.0075,000) within thirty (30) days following the expiration of each year of the Term, provided that the Executive is employed hereunder on the last day of such year of the Term (subject to the terms of Section 10 hereof), and regardless of whether the Executive remains employed by Company after such date. Any bonus not paid shall accrue until paid.

Guaranteed Bonus. The Company shall pay the Executive a lump-sum cash bonus (the “Guaranteed Bonus”) equal to one hundred thousand dollars Sixty Thousand Dollars ($100,000.0060,000) within thirty (30) days following the expiration of each year of the Term, provided that the Executive is employed hereunder on the last day of such year of the Term (subject to the terms of Section 10 hereof), and regardless of whether the Executive remains employed by Company after such date. Any bonus not paid shall accrue until paid.