Document ID: 10811

Text:
2.2. Annual Bonus. For each fiscal year ending during the Employment Period, the Executive shall be eligible for potential awards of additional compensation (the Annual Bonus) to be based upon the achievement of one or more performance goals established by senior management of the Company (the Performance Targets). The Annual Bonus shall be prorated for any partial fiscal years occurring within the Employment Period. The Executives target Annual Bonus opportunity for each fiscal year that ends during the Employment Period shall be equal to 50% of Base Salary (the Target Annual Bonus Opportunity), with the actual Annual Bonus, if any, to be based on the Companys actual performance relative to the Performance Targets. Notwithstanding the foregoing, Executives Annual Bonus for the 2016 fiscal year will be calculated as though he was employed for the entire fiscal year, but in no event will be less than $99,652 . The Annual Bonus, if any, shall be paid in cash within 90 days of the fiscal year end, assuming the delivery of the relevant financial statements in a timely manner, but in no event later than March15th of the year following the end of the fiscal year for which the Annual Bonus, if any, is earned; provided, that, except as set forth in Section3, the Executive must continue to be employed by the Company through the end of the applicable fiscal year.

Named Entities:
95
96
Percentage
165
168
Salary

Tokenized Text:
2
.
2
.
Annual
Bonus
.
For
each
fiscal
year
ending
during
the
Employment
Period
,
the
Executive
shall
be
eligible
for
potential
awards
of
additional
compensation
(
the
Annual
Bonus
)
to
be
based
upon
the
achievement
of
one
or
more
performance
goals
established
by
senior
management
of
the
Company
(
the
Performance
Targets
)
.
The
Annual
Bonus
shall
be
prorated
for
any
partial
fiscal
years
occurring
within
the
Employment
Period
.
The
Executives
target
Annual
Bonus
opportunity
for
each
fiscal
year
that
ends
during
the
Employment
Period
shall
be
equal
to
50
%
of
Base
Salary
(
the
Target
Annual
Bonus
Opportunity
)
,
with
the
actual
Annual
Bonus
,
if
any
,
to
be
based
on
the
Companys
actual
performance
relative
to
the
Performance
Targets
.
Notwithstanding
the
foregoing
,
Executives
Annual
Bonus
for
the
2016
fiscal
year
will
be
calculated
as
though
he
was
employed
for
the
entire
fiscal
year
,
but
in
no
event
will
be
less
than
$
99
,
652
.
The
Annual
Bonus
,
if
any
,
shall
be
paid
in
cash
within
90
days
of
the
fiscal
year
end
,
assuming
the
delivery
of
the
relevant
financial
statements
in
a
timely
manner
,
but
in
no
event
later
than
March15th
of
the
year
following
the
end
of
the
fiscal
year
for
which
the
Annual
Bonus
,
if
any
,
is
earned
;
provided
,
that
,
except
as
set
forth
in
Section3
,
the
Executive
must
continue
to
be
employed
by
the
Company
through
the
end
of
the
applicable
fiscal
year
.