Parker Sample Clauses

Parker. EXECUTIVE BONUS PLAN -------------------- The Company agrees to pay Executive the cash bonuses provided below, during the term of the Employment Agreement, in the manner and under the terms described herein. The Compensation Committee also has the authority, in its sole discretion, to authorize an additional bonus to Executive at each fiscal quarter end and fiscal year end if the Compensation Committee deems such a bonus appropriate. The Compensation Committee shall also consider non-recurring events as relevant for determining discretionary bonuses, if any, and as such events may effect the criteria listed below. On a quarterly basis, the Compensation Committee of the Company shall determine the bonus or bonuses to be paid to Executive using the guidelines listed below. The Compensation Committee shall make such determination, and all relevant bonuses shall be paid, no later than twenty (20) days after fiscal quarter end or fiscal year end, as appropriate. The Compensation Committee shall review the following criteria to determine calculation of all non-discretionary bonuses. A maximum bonus allocated as a percentage of salary for each listed criteria shall be twenty percent (20%) for each Group A criteria and ten percent (10%) for each Group B criteria. Specific considerations listed in each individual criteria are intended to be illustrative of matters relevant for consideration, not an exhaustive list. Consideration will also be given to decisions negatively impacting the given criteria over a short term to better enhance long term Company prospects.