Common use of Annual Incentive Bonus Clause in Contracts

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 40% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 75% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) Bonus for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “"Bonus Policy”"). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4020% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 7550% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110100% of the Executive’s 's Base Salary (the “"Maximum Target Bonus”"). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the date of the Original Employment Agreement and the Effective Date, the Bonus Policy shall contain both individual and/or and Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and determined the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “"Incentive Bonus” " shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) Bonus for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “"Bonus Policy”"). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4020% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 7550% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110100% of the Executive’s 's Base Salary (the “"Maximum Target Bonus”"). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective DateBeginning January 1, 2004, the Bonus Policy shall contain both individual and/or and Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and determined the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “"Incentive Bonus” " shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled given the opportunity to receive earn an annual cash discretionary incentive bonus (in accordance with the “Incentive Bonus”) for each fiscal year during annual bonus plan generally applicable to the Term most senior executives of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case same may be, satisfies be in effect from time to time (the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 40% of the “Annual Plan”). Executive’s Base Salary. If target annual incentive bonus opportunity under the Executive or Annual Plan during each full fiscal year during the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he term hereof shall receive an annual Incentive Bonus equal to at least 75% be one hundred fifty percent (150%) of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary in effect at the end of such fiscal year. The actual amount payable to Executive as an annual bonus under the Annual Plan shall be dependent upon the achievement of performance objectives established in accordance with the Annual Plan by the Board of Directors of the Company or the committee of the Board of Directors of the Company responsible for administering such Annual Plan (the “Maximum Target BonusCompensation Committee”). If , which, as to Company performance objectives, shall be substantially the Executive or same as the objectives established under the Annual Plan for other senior executive officers of the Company, as the case may be, fails to satisfy the threshold though individual performance criteria contained may differ to reflect differences in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether responsibilities. The preceding sentence shall not limit any Incentive Bonus shall be payable to the Executive for that year. As power or discretion of the Effective Date, the Bonus Policy shall contain both individual and/or Board of Directors of Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review in the Bonus Policy at least once a year administration of the Annual Plan. Any bonus payable pursuant to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, this Paragraph 3(b) shall be paid at the same time as annual bonuses are generally payable to the Executive no later than 30 days after most senior executives of Company in accordance with the provisions of the Annual Plan, subject to Executive’s continued employment with Company through the date on which such bonuses are paid. If Executive’s employment continues until and ends upon the Scheduled Expiration Date, the Chief Executive Officer of the Company will, in his discretion, recommend to the Compensation Committee determines whether an annual cash bonus for the criteria fiscal year in which the Bonus Policy for termination occurs in consideration of Executive’s contributions during such fiscal year were satisfied year. Such bonus shall be payable at the same time annual cash bonuses are paid to senior management and shall be based on actual achievement of performance targets, evaluated as if Executive had remained employed through the amount end of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4applicable performance period.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) Bonus for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “"Bonus Policy”"). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4020% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 7540% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 11080% of the Executive’s 's Base Salary (the “"Maximum Target Bonus”"). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective DateBeginning January 1, 2004, the Bonus Policy shall contain both individual and/or and Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and determined the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “"Incentive Bonus” " shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled given the opportunity to receive earn an annual cash discretionary incentive bonus (in accordance with the “Incentive Bonus”) for each fiscal year during annual bonus plan generally applicable to the Term most senior executives of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case same may be, satisfies be in effect from time to time (the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 40% of the “Annual Plan”). Executive’s Base Salary. If target annual incentive bonus opportunity under the Executive or Annual Plan during each full fiscal year during the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he term hereof shall receive an annual Incentive Bonus equal to at least 75% be two hundred percent (200%) of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary in effect at the end of such fiscal year. The actual amount payable to Executive as an annual bonus under the Annual Plan shall be dependent upon the achievement of performance objectives established in accordance with the Annual Plan by the Board of Directors of the Company or the committee of the Board of Directors of the Company responsible for administering such Annual Plan (the “Maximum Target BonusCompensation Committee”). If , which, as to Company performance objectives, shall be substantially the Executive or same as the objectives established under the Annual Plan for other senior executive officers of the Company, as the case may be, fails to satisfy the threshold though individual performance criteria contained may differ to reflect differences in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether responsibilities. The preceding sentence shall not limit any Incentive Bonus shall be payable to the Executive for that year. As power or discretion of the Effective Date, the Bonus Policy shall contain both individual and/or Board of Directors of Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review in the Bonus Policy at least once a year administration of the Annual Plan. Any bonus payable pursuant to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, this Paragraph 3(b) shall be paid at the same time as annual bonuses are generally payable to the Executive no later than 30 days after most senior executives of Company in accordance with the provisions of the Annual Plan, subject to Executive’s continued employment with Company through the date on which such bonuses are paid. If Executive’s employment continues until and ends upon the Scheduled Expiration Date, the Chief Executive Officer of the Company will, in his discretion, recommend to the Compensation Committee determines whether an annual cash bonus for the criteria fiscal year in which the Bonus Policy for termination occurs in consideration of Executive’s contributions during such fiscal year were satisfied year. Such bonus shall be payable at the same time annual cash bonuses are paid to senior management and shall be based on actual achievement of performance targets, evaluated as if Executive had remained employed through the amount end of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4applicable performance period.

Annual Incentive Bonus. The Executive shall be entitled to receive have an annual cash incentive bonus (“Bonus”) opportunity with respect to the Company’s fiscal year 2023 under, and subject to the terms and conditions of, the Company’s Annual Incentive Bonus Plan, as amended and restated (the “Incentive BonusBonus Plan”) ), based upon the achievement by the Company and its subsidiaries of performance goals for each such fiscal year during established by the Term Compensation Committee. The range of this Agreement consistent with a bonus policy adopted the Bonus opportunity for such fiscal year will be as determined by the Compensation Committee based upon the extent to which such performance goals are achieved, provided that (the “a) Executive’s threshold, target and stretch Bonus Policy”). If the Executive or the Companyopportunities for such fiscal year shall be 37.5%, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4075% and 112.5% of the Executive’s Base Salary. If , respectively, subject to the Executive or maximum amount permitted under the Bonus Plan and the Compensation Committee’s discretion to reduce the bonus below the level otherwise determined pursuant to the Bonus Plan, and (b) Executive’s minimum Bonus amount for the Company, as ’s fiscal year 2023 shall (subject to the case may be, satisfies conditions set forth in the target performance criteria contained following paragraph) be $175,000. As provided in the Bonus Policy Plan, the Executive’s Bonus for a fiscal year, he shall receive an annual Incentive Bonus equal year is (except as otherwise expressly provided in Section 8 and except as provided in the next sentence) subject to at least 75% of the Executive’s Base Salary. If condition that the Executive or remain employed with the Company, as Company until the case may be, satisfies the maximum target performance criteria contained in time bonuses are paid under the Bonus Policy Plan generally for a such fiscal year. The Executive, however, will be considered to have earned and will be fully vested in any Bonus for fiscal year 2023 if he shall receive an annual Incentive remains employed with the Company through March 31, 2023. Any Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for fiscal year 2023, will be based on his full annual Base Salary and not subject to any time proration. Any Bonus as described above that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid becomes payable to the Executive no later than 30 for fiscal year 2023 will be paid at the same time that bonuses are paid to other executives of the Company for fiscal year 2023, but in any event within seventy-four (74) days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for conclusion of such fiscal year were satisfied and year. Any Bonus, as well any other bonus, equity or incentive compensation paid, granted or provided to the amount Executive by the Company, is subject to the terms of the actual bonusCompany’s recoupment, but no later than March 15th clawback or similar policy as it may be in effect from time to time, as well as any similar provisions of each year. For purposes applicable law, any of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4which could in certain circumstances require repayment or forfeiture of such award.

Annual Incentive Bonus. The Executive shall be entitled given the opportunity to receive earn an annual cash discretionary incentive bonus (in accordance with the “Incentive Bonus”) for each fiscal year during annual bonus plan generally applicable to the Term most senior executives of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case same may be, satisfies be in effect from time to time (the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 40% of the “Annual Plan”). Executive’s Base Salary. If target annual incentive bonus opportunity under the Executive or Annual Plan during each full fiscal year during the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he term hereof shall receive an annual Incentive Bonus equal to at least 75% be one hundred twenty-five percent (125%) of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary in effect at the end of such fiscal year. The actual amount payable to Executive as an annual bonus under the Annual Plan shall be dependent upon the achievement of performance objectives established in accordance with the Annual Plan by the Board of Directors of the Company or the committee of the Board of Directors of the Company responsible for administering such Annual Plan (the “Maximum Target BonusCompensation Committee”). If , which, as to Company performance objectives, shall be substantially the Executive or same as the objectives established under the Annual Plan for other senior executive officers of the Company, as the case may be, fails to satisfy the threshold though individual performance criteria contained may differ to reflect differences in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether responsibilities. The preceding sentence shall not limit any Incentive Bonus shall be payable to the Executive for that year. As power or discretion of the Effective Date, the Bonus Policy shall contain both individual and/or Board of Directors of Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review in the Bonus Policy at least once a year administration of the Annual Plan. Any bonus payable pursuant to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, this Paragraph 3(b) shall be paid at the same time as annual bonuses are generally payable to the Executive no later than 30 days after most senior executives of Company in accordance with the provisions of the Annual Plan, subject to Executive’s continued employment with Company through the date on which such bonuses are paid. If Executive’s employment continues until and ends upon the Scheduled Expiration Date, the Chief Executive Officer of the Company will, in his discretion, recommend to the Compensation Committee determines whether an annual cash bonus for the criteria fiscal year in which the Bonus Policy for termination occurs in consideration of Executive’s contributions during such fiscal year were satisfied year. Such bonus shall be payable at the same time annual cash bonuses are paid to senior management and shall be based on actual achievement of performance targets, evaluated as if Executive had remained employed through the amount end of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4applicable performance period.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “"Bonus Policy”"). If For the period beginning on the Effective Date and ending on December 31, 2003, if the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for the 2003 fiscal year, the Executive shall receive an annual incentive bonus in an amount equal to two (2) times his Base Salary, with his Base Salary for this purpose being pro rated and adjusted to reflect the portion of the fiscal year that the Executive was employed by the Company. Beginning January 1, 2004, and for each year thereafter, if Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal incentive bonus of up to at least 40% of the Executive’s two (2) times his Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy effect for a such fiscal year, he shall receive an annual Incentive Bonus equal as recommended by the Chief Executive Officer and subject to at least 75% of approval by the Executive’s Base SalaryCompensation Committee. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the such Bonus Policy for a fiscal year, he may be eligible to receive an incentive bonus for such fiscal year, in such amount as is recommended by the Chief Executive Officer and subject to approval by the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that yearCommittee. As of the Effective DateBeginning January 1, 2004, the Bonus Policy shall contain both individual and/or Company and group goals established by the Compensation Committee. Notwithstanding the foregoing, in no event shall the annual incentive bonus payable to Executive be less than a guaranteed bonus amount, irrespective of whether the Executive satisfies the performance criteria contained in the Bonus Policy as in effect for such fiscal year (the "Guaranteed Bonus"), or exceed two (2) times his Base Salary as in effect for such fiscal year. The Guaranteed Bonus shall be $22,916.67 per month. The Board or the Compensation Committee shall review the Guaranteed Bonus Policy at least once a year to determine whether the Maximum Target Guaranteed Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.1

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4050% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 75100% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110150% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If For the period beginning on the Effective Date and ending on December 31, 2003, if the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for the 2003 fiscal year, the Executive shall receive an annual incentive bonus in an amount equal to two (2) times his Base Salary, with his Base Salary for this purpose being pro rated and adjusted to reflect the portion of the fiscal year that the Executive was employed by the Company. Beginning January 1, 2004, and for each year thereafter, if Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal incentive bonus of up to at least 40% of the Executive’s two (2) times his Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy effect for a such fiscal year, he shall receive an annual Incentive Bonus equal as recommended by the Chief Executive Officer and subject to at least 75% of approval by the Executive’s Base SalaryCompensation Committee. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the such Bonus Policy for a fiscal year, he may be eligible to receive an incentive bonus for such fiscal year, in such amount as is recommended by the Chief Executive Officer and subject to approval by the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that yearCommittee. As of the Effective DateBeginning January 1, 2004, the Bonus Policy shall contain both individual and/or Company and group goals established by the Compensation Committee. Notwithstanding the foregoing, in no event shall the annual incentive bonus payable to Executive be less than a guaranteed bonus amount, irrespective of whether the Executive satisfies the performance criteria contained in the Bonus Policy as in effect for such fiscal year (the “Guaranteed Bonus”), or exceed two (2) times his Base Salary as in effect for such fiscal year. The Guaranteed Bonus shall be $22,916.67 per month. The Board or the Compensation Committee shall review the Guaranteed Bonus Policy at least once a year to determine whether the Maximum Target Guaranteed Bonus should be increased effective January 1 of any each year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The Guaranteed Bonus portion of the annual Incentive Bonus, if any, incentive bonus shall be paid during the fiscal year pursuant to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each yearCompany’s normal payroll practices. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.The balance

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”), which shall contain both individual and corporate goals established by the Compensation Committee. If the Beginning January 1, 2004, and for each year thereafter, if Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal yearyear for individual and corporate performance, he respectively, Executive shall receive an annual Incentive Bonus equal incentive bonus, subject to at least 40approval by the Compensation Committee. The percentage of Base Salary for the Executive for the performance bonus levels for 2004 shall be 35% of for Threshold Level, 55% for Target Level, and 125% for Maximum Level, and after 2004 the Executive’s Base Salarypercentages shall not be less than the 2004 percentages for each performance bonus level. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 75% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the such Bonus Policy for a fiscal year, the Compensation Committee Executive may determine whether any Incentive Bonus shall be payable eligible to receive an incentive bonus for such fiscal year, in such amount as is recommended by the Chief Executive for that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established Officer and subject to approval by the Compensation Committee. The Board or Notwithstanding the Compensation Committee foregoing, in no event shall review the annual incentive bonus payable to Executive for the period from January 1, 2004 through December 31, 2004 only be less than a guaranteed bonus amount of $12,500 per month, irrespective of whether the Executive satisfies the performance criteria contained in the Bonus Policy at least once a as in effect for such fiscal year to determine whether (the Maximum Target “2004 Guaranteed Bonus”). The 2004 Guaranteed Bonus should portion of the annual incentive bonus shall be increased effective January 1 of any year paid during the Term, or whether any additional changes should be made 2004 fiscal year pursuant to the Bonus Policy effective January 1 of any yearCompany’s normal payroll practices. The balance of the annual Incentive Bonusincentive bonus (the incremental portion of the annual incentive bonus in excess of the 2004 Guaranteed Bonus amount, if any, ) shall be paid to the Executive no later than 30 thirty (30) days after the date the Compensation Committee determines whether approves the criteria in annual incentive bonus payable to the Bonus Policy Executive for such the 2004 fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 44(a).

Annual Incentive Bonus. The In addition to any other bonus Executive may be awarded by the Compensation Committee, Executive shall be entitled eligible to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted as determined by the Compensation Committee (based upon the “Bonus Policy”). If achievement by the Company of annual corporate goals established by the Board of Directors or the Compensation Committee and Executive’s individual performance during the applicable year, subject to the terms and conditions of the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Officer Annual Bonus Policy for a fiscal year, he shall receive an Plan. Executive’s annual Incentive Bonus equal to incentive bonus at least 40target will be 50% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 75% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Annual Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of Notwithstanding the Effective Date, Executive’s Target Annual Bonus for the 2022 calendar year will not be subject to proration pursuant to the third bullet point under the “Eligibility” heading or the fourth bullet point under the “General” heading of the Company’s 2022 Executive Officer Annual Bonus Policy shall contain both individual and/or Company goals established by Plan (the Compensation Committee“2022 Annual Bonus Plan”). The Board foregoing sentence shall not impact any potential proration of Executive’s Target Annual Bonus for the 2022 calendar year that may result from any other provision of the 2022 Annual Bonus Plan or Section 6.2 or Section 6.3 herein. No annual incentive bonus is guaranteed, and the Compensation Committee shall review in consultation with the Bonus Policy at least once a year to independent members of the Board of Directors shall, in its sole discretion, determine whether the Maximum Target Bonus should annual corporate goals have been attained and whether annual incentive bonus shall be increased effective January 1 paid. Except as provided in Section 6 herein, Executive must be actively employed by the Company and must not have provided any notice of any year during resignation on the Term, or whether any additional changes should be made date the annual incentive bonus is paid in order to the Bonus Policy effective January 1 of any yearearn and receive such bonus. The annual Incentive Bonusincentive bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but a lump sum no later than March 15th of each the fiscal year that follows the performance year, subject to applicable payroll deductions and withholdings. For purposes As a result of this AgreementExecutive’s promotion to Chief Financial Officer, Executive will not be eligible to receive any further cash bonus under the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4Company’s Special Recognition Program.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) Bonus for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4025% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 7550% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 11090% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective Date, the The Bonus Policy shall contain both individual and/or and Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and determined the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 40% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 75% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 110% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “Bonus Policy”). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 4050% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 75100% of the Executive’s Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to at least 110150% of the Executive’s Base Salary (the “Maximum Target Bonus”). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective Date, the Bonus Policy shall contain both individual and/or Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “Incentive Bonus” shall mean the amount established pursuant to this Section 4.effective

Annual Incentive Bonus. The Executive shall be entitled to receive an annual cash incentive bonus (the “Incentive Bonus”) Bonus for each fiscal year during the Term of this Agreement consistent with a bonus policy adopted by the Compensation Committee (the “"Bonus Policy”"). If the Executive or the Company, as the case may be, satisfies the threshold performance criteria contained in such Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 4020% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the target performance criteria contained in the Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 7540% of the Executive’s 's Base Salary. If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he she shall receive an annual Incentive Bonus equal to at least 11080% of the Executive’s 's Base Salary (the “"Maximum Target Bonus”"). If the Executive or the Company, as the case may be, fails to satisfy the threshold performance criteria contained in the Bonus Policy for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to the Executive for that year. As of the Effective DateBeginning January 1, 2004, the Bonus Policy shall contain both individual and/or and Company goals established by the Compensation Committee. The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year. The annual Incentive Bonus, if any, shall be paid to the Executive no later than 30 days after the date the Compensation Committee determines whether the criteria in the Bonus Policy for such fiscal year were satisfied and determined the amount of the actual bonus, but no later than March 15th of each year. For purposes of this Agreement, the term “"Incentive Bonus” " shall mean the amount established pursuant to this Section 4.