Board Uses in Bonus Clause

Bonus from Employment Agreement

This Employment Agreement (the "Agreement") is made and effective as of this June 28, 2017 (the "Effective Date") by and between Reed's, Inc., a Delaware corporation ("Reed's" or the "Company"), and Valentin Stalowir (the "Executive").

Bonus. In addition to the Base Salary, the Executive will be eligible to receive an annual or other periodic bonus for each partial or full calendar year (which may, to the extent not relating to achievement of a specific objective established by the Board in consultation with the Executive as provided below, be pro-rated for partial calendar years) included in the Term at a target amount equal to 60% of then current Base Salary payable and based upon performance criteria to be established by the Board in consultation with the Executive which are anticipated to consist of specific objectives for which specified portions of Bonus will be payable upon achievement and any remainder discretionary based on individual and Company performance as determined by the Board ( "Bonus"). Except as otherwise provided herein, in order to be eligible to receive the Bonus, the Executive must be employed at the time of achievement of the specific objective relating thereto. Any portion of Bonus relating to achievement of a specific objective will be paid upon or as soon as practicable after achievement of that objective and all Bonus payments will in any event be paid not later March 15 of the calendar year following the full or partial calendar year to which they relate. The Board and the Executive will consult in good faith to establish the Bonus criteria for each full or partial year included in the Term starting with the Effective Date and with the commencement of each calendar year included in the Term commencing after the Effective Date.

Bonus from Employment Agreement

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of June 28, 2017, by and between Cobalt Boats, LLC, a Delaware limited liability company (the "Company"), and William Paxson St. Clair, Jr., an individual ("Executive").

Bonus. During the Period of Employment, Executive shall be entitled to earn an annual performance-based bonus ("Annual Bonus"). In addition to Salary, during each fiscal year of the Period of Employment, Executive will be eligible to earn a target annual cash bonus based on the Bonus Program in effect for that model year, if and only if Executive, the Company and its subsidiaries and affiliates achieve the performance criteria specified by the Board or the Compensation Committee (if there is one) of Malibu Boats, Inc. for such year, as determined by the Board or such Compensation Committee (if there is one) in its sole discretion. To earn any Annual Bonus, Executive must be continuously and actively employed through the end of the applicable fiscal year and the date that bonuses are normally paid to the Company's executives and key employees. Each Annual Bonus earned by Executive, if any, will be due and payable following the Company's receipt of its audited financial statements for the fiscal year with respect to which such bonus has been earned (and in any event, by the end of the calendar year in which such fiscal year ends). Any Annual Bonus paid to Executive shall be subject to applicable deductions and withholdings.

Bonus from Employment Agreement

THIS EMPLOYMENT AGREEMENT ("Agreement") is made as of May 23, 2017 by and between Asterias Biotherapeutics, Inc. ("Asterias"), a Delaware corporation, and Michael H. Mulroy ("Executive").

Bonus. Executive shall receive an annual bonus opportunity equal to up to 50% of Executive's salary as in effect from time to time based on corporate and individual performance targets established by the Board or the Committee, after consultation with Executive. The Committee or the Board shall have the absolute discretion to determine whether and to what extent Executive has satisfied the performance targets and may allocate in its complete discretion amounts that may be less than or greater than the bonus opportunity set forth above.

Bonus from Employment Agreement

This Employment Agreement, dated as of December 1, 2015 (the "Effective Date"), by and between GSE Systems, Inc., a Delaware corporation with principal executive offices at 1332 Londontown Blvd., Sykesville, MD 21784 (the "Company"), and Bahram Meyssami, residing at ______________ ("Executive").

Bonus. For each fiscal year of the Term, beginning with fiscal year 2016, the Executive shall be eligible to earn an annual bonus award (the "Bonus") of up to 25% of Base Salary, based upon the achievement of annual performance goals established by Board prior to the beginning of each fiscal year. The amount of Bonus to be paid to Executive for any year of this Agreement may, at the sole discretion of the Board of Directors (organization) values">Board of Directors of the Company, be prorated for the number of months which Executive was employed by the Company during such year. Any Bonus shall be paid on or prior to March 15 of the following year.

Bonus from Employment Agreement

THIS EMPLOYMENT AGREEMENT (Agreement) is entered into on April 11, 2017 and effective as of April 3, 2017 (the Effective Date), by and among QTS Realty Trust, Inc., a Maryland corporation (together with any successor general partner of the Operating Partnership, (the Company), QualityTech, LP, a Delaware limited partnership (the Operating Partnership), Quality Technology Services, LLC, a Delaware limited liability company and an affiliate of the Operating Partnership (the Employer), and Chad L. Williams, an individual (Executive), with respect to the following facts and circumstances:

Bonus. In addition to an annual base salary, if Executive achieves certain corporate and individual objectives as established by the Compensation Committee, or if there is none, the Board, then the Employer shall pay to the Executive bonus compensation, not later than seventy-five (75) days following the end of the fiscal year. The Employers award of bonus compensation to Executive shall be determined by the factors and criteria, including the financial performance of the Company and the performance by the Executive of his duties hereunder, that may be established from time to time for the calculation of bonus awards by the Compensation Committee, or if there is none, the Board, which shall be established and communicated to Executive in writing no later than sixty (60) days following the beginning of the applicable fiscal year. Annual bonuses will be targeted at 125% of annual salary paid for targeted performance and additional amounts paid for exceptional performance as determined by the Compensation Committee, if there is one, and approved by the Board. The Board may award discretionary bonuses in addition to performance bonuses.

Bonus from Employment Agreement

THIS EMPLOYMENT AGREEMENT (this Agreement), dated October 5, 2016, effective as of two weeks from signing the Agreement (the Effective Date), by and between Northern Power Systems, Inc., a Delaware corporation (the Company) and June M. Morris (Employee), sets forth the terms and conditions of Employees employment with the Company.

Bonus. At the discretion of the Compensation Committee and the Board, an annual cash bonus, targeted at 35% of Base Salary. The awarding and amount of any bonus is discretionary, based on the Boards evaluation of individual performance as well as overall Company performance for the given year. All bonuses are subject to approval by the Board. Employee also shall be eligible to participate in any and all other plans and packages that are made available to the Companys executives, on a basis consistent with Employees position and then-current Base Salary and in accordance with the policies and practices of the Company and the Board.

Bonus from Employment Agreement

This EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of September 10, 2012, by and between Cloudera, Inc., a Delaware corporation (the "Company"), and Jim Frankola ("Employee").

Bonus. Employee will be eligible to receive an annual bonus of $50,000, less applicable deductions and withholdings (the "Bonus"), the payment of which will be contingent upon Employee, or the Company, as the case may be, achieving certain performance goals to be established and approved by the Board. The Board will consult with Employee in establishing such performance goals. For the 2012 calendar year, Employee will be eligible to receive that portion of the Bonus pro rated for each full calendar month that Employee is employed with the Company.

Bonus from Employment Agreement

THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of this 20th day of March, 2017 (the "Effective Date"), by and between Integrity Applications, Inc., a Delaware corporation (the "Company") and John Graham, an individual ("Employee").

Bonus. Subject to the terms and conditions hereof and based on Employee's performance during a fiscal year beginning after December 31, 2017 and during the Term of Employment, Employee shall be eligible to earn an annual performance bonus having a threshold bonus opportunity equal to 35% of his current Base Compensation, a target bonus opportunity equal to 60% of his current Base Compensation, and a maximum bonus equal to 72% of his current Base Compensation, in each case based on satisfaction of performance criteria to be established by the Board or the Board (organization) values">Compensation Committee of the Board within the first ninety (90) days of each fiscal year that begins during the Term of Employment (the "Performance Bonus"). Payment of any Performance Bonus shall be made based on the Board's (or a Board committee's), as applicable, determination regarding Employee's satisfaction of the criteria applicable to such Performance Bonus opportunity. Any payment in respect of a Performance Bonus shall be subject to tax and other standard payroll withholdings and shall be paid within thirty (30) days following the final determination of the amount of the Performance Bonus to be paid and during the immediately following calendar year to which the Performance Bonus related and provided that the Term of Employment continues through and on such payment date, except as otherwise required herein. For the period beginning on March 20, 2017 through December 31, 2017, Employee shall be eligible to earn a guaranteed annual performance bonus equal to Two Hundred Twenty-five Thousand Dollars ($225,000), which shall be paid to Employee on or before March 15, 2018 (the "First Year Bonus Payment Date"), provided that the Term of Employment continues through and on such the First Year Bonus Payment Date.

Bonus from Executive Employment Agreement

This Executive Employment Agreement ("Agreement"), made between Everspin Technologies, Inc. (the "Company") and Dr. Jon Slaughter ("Executive") (collectively, the "Parties"), is effective as of April 25, 2016.

Bonus. Executive will be eligible for an annual discretionary bonus of up to 25% of Executive's Base Salary. Executive's annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the amount of any such annual bonus, will be determined by the Board in its sole discretion based upon the Company's and Executive's achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, and Executive must be an active employee on the date any Annual Bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executive's employment terminates for any reason before the date Annual Bonuses are paid.

Bonus from Executive Employment and Non Competition Agreement

This AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AND NON-COMPETITION AGREEMENT (this "Agreement"), dated as of the 27th day of July, 2016, by and between Papa Murphy's Holdings, Inc., a Delaware corporation (the "Company"), and Victoria T. Blackwell, a resident of Vancouver, Washington ("Executive") amends and restates the Executive Employment Agreement and Non-competition Agreement dated as of the 4th day of May, 2010, by and between PMI Holdings, Inc., a Delaware corporation and the Company's predecessor, and Executive.

Bonus. During the Employment Period, Executive shall be eligible to receive an annual bonus award (the "Annual Bonus") with the target amount equal to at least 50% of the Base Salary, payable in accordance with the Company's incentive compensation policy; provided, that, such Annual Bonus shall in no event be paid later than March 15 of the calendar year immediately following the fiscal year to which such Annual Bonus relates. The Annual Bonus shall be based upon the attainment of certain targets as agreed upon by Executive and the Board with respect to the Company's financial performance for any fiscal year ending during the Employment Period. The Annual Bonus shall be subject to all necessary withholding taxes, FICA contributions and similar deductions.