Common use of Performance Bonuses Clause in Contracts

Performance Bonuses. Within ninety (90) days after the end of each fiscal year of the Company, which is currently March 31st, during the Employment Term, the Executive will be eligible to receive a bonus (the "Performance Bonus") in an amount as determined at the discretion of the Board of the Company. To the extent that, for any given year of the Employment Term, Executive has been employed for less than the full year, the Performance Bonus shall be reduced on a pro rata basis for the amount of time actually worked during such year. All bonus payments shall be subject to customary withholdings required by law.

Appears in 6 contracts

Samples: Employment Agreement (B2Digital, Inc.), Employment Agreement (B2Digital, Inc.), Employment Agreement (B2Digital, Inc.)

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Performance Bonuses. Within ninety (90) days after the end of each fiscal year of the Company, which is currently March May 31st, during the Employment Term, the Executive will be eligible to receive a bonus (the "Performance Bonus") in an amount as determined at the discretion of the Board of the Company. To the extent that, for any given year of the Employment Term, Executive has been employed for less than the full year, the Performance Bonus shall be reduced on a pro rata basis for the amount of time actually worked during such year. All bonus payments shall be subject to customary withholdings required by law.

Appears in 1 contract

Samples: Employment Agreement (Ecoland International)

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