Common use of Optional Bonus Clause in Contracts

Optional Bonus. Employee shall also be elligible to receive a cash bonus for each Company fiscal year of up to fifty percent (50%) of the Base Salary, which bonus shall be granted in the sole and absolute discretion of the Board of Directors or a designated committee thereof.

Appears in 2 contracts

Sources: Employment Agreement (Biodelivery Sciences International Inc), Employment Agreement (Biodelivery Sciences International Inc)

Optional Bonus. Employee shall also be elligible eligible to receive a cash bonus of up to 50% of the Base Salary for each Company fiscal year of up to fifty percent (50%) of the Base Salaryyear, which bonus shall be granted in the sole and absolute discretion of the Board of Directors or a designated committee thereof.

Appears in 2 contracts

Sources: Employment Agreement (Biodelivery Sciences International Inc), Employment Agreement (Biodelivery Sciences International Inc)

Optional Bonus. Employee shall also be elligible to receive a cash bonus of up to 50% of the Base Salary for each Company fiscal year of up to fifty percent (50%) of the Base Salaryyear, which bonus shall be granted in the sole and absolute discretion of the Chief Executive Officer of the Company or the Board of Directors or a designated committee thereof.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Biodelivery Sciences International Inc)

Optional Bonus. Employee shall also be elligible to receive a cash bonus of up to 40% of the Base Salary for each Company fiscal year of up to fifty percent (50%) of the Base Salaryyear, which bonus shall be granted in the sole and absolute discretion of the CEO or the Board of Directors or a designated committee thereof.

Appears in 1 contract

Sources: Employment Agreement (Biodelivery Sciences International Inc)

Optional Bonus. Employee shall also be elligible to receive a cash bonus (based upon the achievement of personal and corporate objectives to be determined each year by the Chief Executive Officer of the Company) for each Company fiscal year of up to fifty percent (50%) of the Base Salary, which bonus shall be granted in the sole and absolute discretion of the Board of Directors or a designated committee thereof.

Appears in 1 contract

Sources: Employment Agreement (Biodelivery Sciences International Inc)

Optional Bonus. Employee shall also be elligible to receive a cash bonus for each Company fiscal year of up to fifty twenty-five percent (5025%) of the Base Salary, which bonus shall be granted in the sole and absolute discretion of the Board of Directors or a designated committee thereof.

Appears in 1 contract

Sources: Merger Agreement (Implant Sciences Corp)