Interim Bonus Sample Clauses

Interim Bonus. On November 1, 2019, the Executive will be eligible to receive an interim bonus of up to $12,500 as determined by the Board in its sole and absolute discretion based upon the Executive’s performance during such period (the “Interim Bonus”).

Interim Bonus. From the period commencing with the Effective Date through October 31, 2004, Executive shall be eligible to receive a discretionary bonus of up to $62,500 based on the evaluation by the Committee in its sole and absolute discretion that the Executive achieved the Established Goals (as hereinafter defined) (the "Interim Bonus") provided, however, Executive will be given the opportunity to provide to the Committee his own evaluation of the achievement of such Established Goals. The term "Established Goals" shall mean the performance goals and objectives established for any bonus measuring period by the Committee; provided, however, Executive will be given the opportunity to discuss the nature of the Established Goals with the Committee prior to the determination thereof by the Committee. For purposes of the Interim Bonus, the Established Goals shall be reasonable short-term management objectives (not including any revenue or financial goals). Any Interim Bonus is to be paid to Executive by January 31, 2005 and is subject to Executive's being on active working status with the Company at the time of payment. For purpose of this Agreement, "active working status" means that Executive has not resigned (or given written notice of his intentions to resign) or has not been terminated (or been given written notice of his termination).