Common use of Annual Cash Incentive Clause in Contracts

Annual Cash Incentive. Executive shall be eligible for an annual performance cash bonus ("Annual Bonus") in accordance with the terms of the Company's Key Employees' Incentive Plan, as it may be amended or restated from time to time ("KEIP"). With respect to each fiscal year ending during the Term of Xxxxoyment, such Annual Bonus shall range from 0% to 70% of the Executive's then Base Salary (70% being the "Maximum Annual Bonus"), with a target equal to 35% of the Executive's then Base Salary (the "Target Annual Bonus"), based on both the individual performance of the Executive and the Company's performance all as determined by the Committee in its discretion. To the extent earned, Executive shall be paid his Annual Bonus at the same time that other senior-level executives receive their awards.

Appears in 6 contracts

Samples: Employment Agreement (Imagistics International Inc), Employment Agreement (Imagistics International Inc), Employment Agreement (Imagistics International Inc)

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Annual Cash Incentive. Executive shall be eligible for an annual performance cash bonus ("Annual Bonus") in accordance with the terms of the Company's Key Employees' Incentive Plan, as it may be amended or restated from time to time ("KEIP"). With respect to each fiscal year fiscxx xear ending during the Term of XxxxoymentEmployment, such Annual Bonus shall range from 0% to 70130% of the Executive's then Base Salary (70130% being the "Maximum Annual Bonus"), with a target equal to 3570% of the Executive's then Base Salary (( the "Target Annual Bonus"), based on both the individual performance of the Executive and the Company's performance all as determined by the Committee in its discretion. To the extent earned, Executive shall be paid his Annual Bonus at the same time that other senior-level executives receive their awards.

Appears in 1 contract

Samples: Employment Agreement (Imagistics International Inc)

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Annual Cash Incentive. Executive shall be eligible for an annual performance cash bonus ("Annual Bonus") in accordance with the terms of the Company's Key Employees' Incentive Plan, as it may be amended or restated from time to time ("KEIP"). With respect to each fiscal year ending during the Term of Xxxxoyment, such Annual Bonus shall range from 0% to 70110% of the Executive's then Base Salary (70110% being the "Maximum Annual Bonus"), with a target equal to 3555% of the Executive's then Base Salary (the "Target Annual Bonus"), based on both the individual performance of the Executive and the Company's performance all as determined by the Committee in its discretion. To the extent earned, Executive shall be paid his Annual Bonus at the same time that other senior-level executives receive their awards.

Appears in 1 contract

Samples: Employment Agreement (Imagistics International Inc)

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