Common use of Additional Bonus Compensation Clause in Contracts

Additional Bonus Compensation. You will be eligible to earn an annual discretionary bonus, with a target of fifty percent (50%) of the Base Salary (each, an “Annual Bonus”), as determined in the sole discretion of the Board, which will be based on a combination of factors including the growth of Refficiency Parent LLC and individual goals and targets. The Annual Bonus (if any) will be payable by the later of (i) fifteen (15) days following the close of the Company’s and its Affiliates’ annual audit for the year for which the Annual Bonus is earned and (ii) March 31 following the year for which the Annual Bonus is earned (and in all events between January 1 and December 31 following the year for which the Annual Bonus is earned). Except as provided in Section 5(b). you must be employed through the end of the applicable fiscal year in order to be eligible for the Annual Bonus in respect of such fiscal year.

Additional Bonus Compensation. You will be eligible to earn an annual discretionary bonus, with a target of fifty percent (50%) of the Base Salary (each, an “Annual Bonus”), as determined in the sole discretion of the Board, which will be based on a combination of factors including the growth of Refficiency Parent LLC and individual goals and targets. The Annual Bonus (if any) will be payable by the later of (i) fifteen (15) days following the close of the Company’s and its Affiliates’ annual audit for the year for which the Annual Bonus is earned and (ii) March 31 following the year for which the Annual Bonus is earned (and in all events between January 1 and December 31 following the year for which the Annual Bonus is earned). Except as provided in Section 5(b). , you must be employed through the end of the applicable fiscal year in order to be eligible for the Annual Bonus in respect of such fiscal year.