Additional Discretionary Bonuses. ARC may from time to time, in its absolute discretion, establish additional bonus programs for Executive.
Additional Discretionary Bonuses. During the Term, subject to the recommendation of the Chief Executive Officer of the Bank or Company, and in the final absolute discretion of the Personnel Committee and/or the Bank’s Board of Directors, the Executive may be entitled to a discretionary cash bonus in recognition of superior fulfillment of her duties to the Bank, the Company or its Affiliates.
Additional Discretionary Bonuses. CDO shall be eligible to receive to following additional performance-based cash bonuses as determined by the Board and Chief Executive Officer in their sole and absolute discretion.
Additional Discretionary Bonuses. During the Term, subject to the recommendation of the Chief Executive Officer of the Bank or Company, and in the final absolute discretion of the Personnel Committee and/or the Bank’s Board of Directors, the Executive may be entitled to a discretionary cash bonus in recognition of superior fulfillment of his duties to the Bank, the Company or its Affiliates. Executive shall be entitled to payment of a discretionary bonus of $30,000.00 (gross) after the completion of thirty (30) days of employment; additionally, Executive shall be entitled to payment of a discretionary bonus of $35,000.00 (gross) after the completion of one hundred-twenty (120) days of employment. Required taxes and legal deductions will be applied at the time of payment of bonuses.
Additional Discretionary Bonuses. The Company may pay you a bonus in such amount, if any, and at such time or times, as the Board of Directors may determine in its absolute discretion subject to the Company’s ordinary payroll practice.
Additional Discretionary Bonuses. As reflected in a letter, dated December 11, 2011, you were eligible to receive a discretionary bonus of up to $100,000 for each of years 2012 and 2013. Those bonuses are cancelled and you will not receive any additional discretionary bonus for either 2012 or 2013.
Additional Discretionary Bonuses. The Executive shall receive such additional bonuses, if any, as the Board may in its sole and absolute discretion determine.
Additional Discretionary Bonuses. CFO shall be eligible to receive to following additional performance-based cash bonuses as determined by the Board and Chief Executive Officer in their sole and absolute discretion.
Additional Discretionary Bonuses. During the Term, subject to the recommendation of the Chief Executive Officer of the Bank or Company, and in the final absolute discretion of the personnel committee of the Bank’s board of directors, the Executive may be entitled to a discretionary cash bonus in recognition of superior fulfillment of his duties to the Bank, the Company or its affiliates. For the calendar year 2012 and as part of an inducement to hiring Executive, as a result of work performed for the Bank prior to the date of this Agreement, Executive will be entitled to a discretionary bonus of $25,000 payable on June 30, 2012. In addition, in the event that Executive sources $20 million of new loan originations and $10 million of senior secured loan acquisitions between January 1 and December 31, 2012, he will be entitled to an additional discretionary bonus of at least $25,000, which shall be paid at such time the Bank pays its annual bonuses.
