Base Salary and Bonus Contract Clauses (20)

Base Salary and Bonus. Your base salary will be at the rate of $14,166.67 per semi-monthly pay period (equivalent to $340,000 annualized) less all applicable taxes and withholdings, to be paid in installments in accordance with the Company's regular payroll practices. Your base salary may be adjusted in the sole discretion of the Company from time to time in accordance with normal business practices. Following the end of each calendar year in which you are employed by the Company, you may be eligible for a discretiona...ry performance bonus of up to 35% of your then current annualized base salary, as may be determined by the Company's Board of Directors ("Board") in its sole discretion. Any such bonus shall be based on the achievement of performance milestones for that calendar year as may be determined by the Board in its sole discretion. Any such discretionary bonus shall be paid to you in the subsequent calendar year in accordance with the Company's customary practices. You must be an active employee of the Company on the date the bonus is distributed in order to be eligible for and to earn any bonus award, as it also serves as an incentive to remain employed by the Company. You will be eligible for this annual bonus award beginning with 2019 calendar year performance. All compensation payable to you will be subject to applicable taxes and withholdings. View More

Base Salary and Bonus. (a) Your annual base salary shall be $390,000 per year and shall be payable to you at periodic intervals in accordance with the Company's payroll practices for salaried employees. Such base salary may be increased from time to time in accordance with normal business practices and in the sole discretion of the Company. (b) You shall be eligible to receive, for each fiscal year of the Company ending during your employment with the Company, an annual bonus of up to 40% of your annual base salary, w...hether pursuant to a formal bonus or incentive plan or program of the Company or otherwise. Such bonus, if any, will be prorated based on your hire date for the first calendar year. Such bonus, if any, will be approved by the Board of Directors or the Compensation Committee of the Board of Directors (together, the "Board") in its sole discretion and will be based on both individual and Company performance objectives as developed and determined by the Company in its sole discretion. Any bonus earned by you and approved by the Board under this Section 2(b) shall be paid in accordance with the Company's Annual Incentive Plan Plan Document. (c) All salary, bonus and other compensation payable to you pursuant to this Agreement shall be subject to applicable withholding taxes. Joanna Horobin, M.B., Ch.B.November 11, 2015Page 2 3. Benefit Programs. You may participate in any and all benefit programs that the Company may establish and make available to its employees from time to time, provided you are eligible under (and subject to all provisions of) the plan documents governing those programs. Such benefits may include medical, dental and retirement plans. Any benefits made available by the Company, and the rules, terms and conditions for participation in such benefit plans, may be changed by the Company at any time and from time to time without advance notice. View More