On Target Bonus. You may be eligible to participate in the Company's On Target bonus scheme. Any bonus would be contingent on the Organisation meeting performance targets and you meeting performance expectations of your role. Any Bonus Payment will be subject to income tax. You must have commenced employment with the Company, on or prior to the 30th September, in order to be eligible for any bonus payment. All bonus payments are based on the discretion of the Company. Please note: You must be an employee of the Company when bonus payments are made, to retain your bonus payment.
On Target Bonus. 5.4 The Director shall be entitled to participate in any share scheme operated from time to time by the Company in respect of directors, officers or senior management. The Director’s rights in relation to this Agreement are separate from and shall not be affected by any participation in any share scheme and his participation shall be subject to the rules of such scheme from time to time. If the Director’s employment is terminated for whatever reason whether lawfully or unlawfully, the Director agrees that save as provided for elsewhere in this Agreement he shall not be entitled by way of damages for breach of contract or compensation for loss of office or otherwise to any sum, any shares or other benefits to compensate him for the loss or diminution in value of any actual or prospective rights, benefits or expectations in relation to any scheme.
On Target Bonus. Company will provide Employee with the opportunity to earn an On-Target Bonus under terms identified by Company and based on achievement of goals identified by the Chief Executive Officer. For calendar year 2022 and going forward, Employee is eligible to earn an On-Target Bonus of 60% based on Revenue and EBITDA targets set by the Board of Directors (“Board”) and the achievement of goals identified by the CEO, and any bonus may be in the form determined by Company (including an option to purchase Company stock). Any On-Target Bonus will be prorated for the actual period of employment and subject to Employee’s satisfaction of all eligibility criteria, as determined by the CEO. Any On-Target Bonus will not be deemed earned until paid, and Employee must be employed with Company at the time of payment and award to be eligible to receive such payment and award. For 2022, the portion of the bonus based on Revenue and EBITDA targets is guaranteed (provided that Employee satisfies the conditions in the preceding sentence) and Employee will be granted an option to purchase $156,000 worth of shares of Company stock as of the Start Date with the number of options granted being $156,000 divided by the closing price of the Company’s common stock on the Start Date and the exercise price of such option being the closing price of the Company’s common stock on the Start Date. Such option will vest on March 31, 2023 (the date in 2023 when Company makes annual bonus payments); the portion of the bonus for 2022 that may be earned based on achievement of goals identified by the CEO is not guaranteed. 3.3
On Target Bonus. The Executive shall be entitled to receive an ongoing annual bonus of $30,000 based on achieving the 2H revenue goal, as set forth by the Board, payable no later than thirty (30) days following the Company’s fiscal year end.
