Common use of Annual Cash Incentive Awards Clause in Contracts

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "Bonus Plan"), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "Incentive Bonus") in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "Incentive Bonus" shall mean the amount established pursuant to this Section 5(b).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the Company’s annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "“Bonus Plan"”), subject to the terms and conditions of the Bonus Plan. If the Executive Executive, Parent or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "“Incentive Bonus"”) in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's ’s then current Base Salary. If the Executive Executive, Parent or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "“Incentive Bonus" ” shall mean the amount established pursuant to this Section 5(b5(c).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the Company's annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "Bonus Plan"), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "Incentive Bonus") in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. Notwithstanding anything to the contrary contained above, the Executive shall receive a guaranteed minimum Incentive Bonus equal to 25% of the Executive's Base Salary for the year ended December 31, 2004. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "Incentive Bonus" shall mean the amount established pursuant to this Section 5(b).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "“Bonus Plan"”), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "“Incentive Bonus"”) in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's ’s then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "“Incentive Bonus" ” shall mean the amount established pursuant to this Section 5(b).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the Company’s annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "“Bonus Plan"”), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "“Incentive Bonus"”) in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's ’s then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "“Incentive Bonus" ” shall mean the amount established pursuant to this Section 5(b).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "Bonus Plan"), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "Incentive Bonus") in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100% of the Executive's then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. Notwithstanding the foregoing, the Executive shall be entitled to receive an Incentive Bonus for the fiscal year ended December 31, 2004 equal to $200,000, subject to continued employment hereunder through March 31, 2005. For purposes of this Agreement, the term "Incentive Bonus" shall mean the amount established pursuant to this Section 5(b).

Annual Cash Incentive Awards. The Executive shall be eligible to participate in the Company's annual cash incentive bonus plan adopted by the Compensation Committee for the Company each fiscal year during the Term of this Agreement (the "Bonus Plan"), subject to the terms and conditions of the Bonus Plan. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, he shall receive an annual cash incentive bonus (the "Incentive Bonus") in an amount determined by the Compensation Committee and subject to ratification by the Parent Board, if required, but not to exceed 100200% of the Executive's then current Base Salary. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Parent Board, if required. Beginning January 1, 2005, the Bonus Plan shall contain both individual and group goals established by the Compensation Committee. The annual Incentive Bonus shall be paid to the Executive no later than thirty (30) days after the date the Compensation Committee determines whether the criteria in the Bonus Plan for such fiscal year were satisfied. For purposes of this Agreement, the term "Incentive Bonus" shall mean the amount established pursuant to this Section 5(b6(b).