Common use of Management Incentive Plan Clause in Contracts

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s employment by Corporation, beginning with the calendar year 2007, pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 37.5% of base salary in 2007, 42.5% in 2008 and 50% thereafter. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 20072005, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 37.575% of base salary in 2007, 42.5% in 2008 and 50% thereaftersalary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 20072001, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (shortShort-term Incentive Program) with a target level based on at least 37.5% seventy-five percent (75%) of base salary in 2007, 42.5% in 2008 and 50% thereaftersalary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 20071995, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 37.5% Seventy percent (70%) of base salary in 2007, 42.5% in 2008 and 50% thereaftersalary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s employment by Corporation, beginning with the calendar year 20071994, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 37.5% thirty-five percent (35%) of base salary in 2007, 42.5% in 2008 and 50% thereaftersalary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 20071998, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 37.5% sixty percent (60%) of base salary in 2007, 42.5% in 2008 and 50% thereaftersalary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.