Common use of Performance Based Bonus Clause in Contracts

Performance Based Bonus. As additional compensation, the Executive shall be entitled to receive a bonus (“Bonus”) for each fiscal year during the Term of the Executive’s employment by the Company in an amount of Ten Thousand Dollars ($10,000) per million of net income reported by the Company. In addition, the Executive will be granted options to purchase twenty five thousand (25,000) shares of the common stock of the Company per million of net income, at an exercise price of $1.45 per share. exercisable for a period of three (3) years from the date of issuance. Any partial year of the contract the performance bonus will be prorated. Further, depending on operations department performance, Executive may receive additional compensation, in cash, stock or options. All bonuses are subject to board approval.

Performance Based Bonus. As additional compensation, the Executive shall be entitled to receive a bonus (“"Bonus”") for each fiscal year during the Term of the Executive’s 's employment by the Company in an amount of Ten Twenty Thousand Dollars ($10,00020,000) per million of net income reported by the Company. In addition, the Executive will be granted options to purchase twenty five fifty thousand (25,00050,000) shares of the common stock of the Company per million of net income, at an exercise price of $1.45 per share. , exercisable for a period of three (3) years from the date of issuance. Any partial year of the contract the performance bonus will be prorated. Further, depending on operations department performance, Executive may receive additional compensation, in cash, stock or options. All bonuses are subject to board approval.

Performance Based Bonus. As additional compensation, the Executive shall be entitled to receive a bonus (“Bonus”) for each fiscal year during the Term of the Executive’s employment by the Company in an amount of Ten Five Thousand Dollars ($10,0005,000) per million of net income reported by the Company. In addition, the Executive will be granted options to purchase twenty twelve thousand five thousand hundred (25,00012,500) shares of the common stock of the Company per million of net income, at an exercise price of $1.45 per share. , exercisable for a period of three (3) years from the date of issuance. Any partial year of the contract the performance bonus will be prorated. Further, depending on operations department performance, Executive may receive additional compensation, in cash, stock or options. All bonuses are subject to board approval.

Performance Based Bonus. As additional compensation, the Executive shall be entitled to receive a bonus (“Bonus”) for each fiscal year during the Term of the Executive’s employment by the Company in an amount of Ten Twenty Thousand Dollars ($10,00020,000) per million of net income reported by the Company. In addition, the Executive will be granted options to purchase twenty five fifty thousand (25,00050,000) shares of the common stock of the Company per million of net income, at an exercise price of $1.45 per share. , exercisable for a period of three (3) years from the date of issuance. Any partial year of the contract the performance bonus will be prorated. Further, depending on operations department performance, Executive may receive additional compensation, in cash, stock or options. All bonuses are subject to board approval.