Management bonus clause samples

Management Bonus.Provided the Board determines that certain Employer metrics have been met, Employee shall be eligible to receive an annual discretionary bonus of up to fifty percent (50%) of the Base Salary (the “Management Bonus”).The Management Bonus shall be determined as follows: (i) twenty percent (20%) of each annual bonus will be based on Employee’s individual performance; and (ii) eighty percent (80%) of each annual bonus will be based on corporate performance objectives, each as determined by Employer’s Board.If a determination is made by the Board to pay the Management Bonus, it will be paid on or before March 15 of the year following the fiscal year in which such bonus was earned. The determination by the Board to pay a Management Bonus will be uniform among similarly-situated employees of the Employer without bias to Employee.

Management Bonus.Provided the Board determines that certain Employer metrics have been met, Employee shall be eligible to receive an annual discretionary bonus in accordance with the Employer’s Management Bonus plan as determined by the Employer’s Board.If a determination is made by the Board to pay the Management Bonus, it will be paid on or before March 15th of the year following the fiscal year in which such bonus was earned. The determination by the Board to pay a Management Bonus will be uniform among similarly-situated employees of the Company without bias to Employee. With respect to any bonus payable for fiscal 2017, such bonus shall be calculated as if employment under the Agreement commenced on February 6, 2017.