Common use of Annual Incentive Bonuses Clause in Contracts

Annual Incentive Bonuses. The Company shall provide the Executive with the opportunity to earn an annual target bonus of $135,000 (the “Target Bonus Amount”) for each calendar year of the Company ending during the Agreement Term, provided that Executive’s maximum bonus opportunity for extraordinary performance shall be governed by the provisions of the Company’s annual MIP bonus plan. With respect to calendar year 2007, Executive’s Target Bonus Amount shall be $135,000 and such amount will not be pro-rated for the partial year of service in 2007. Any annual target bonus hereunder shall otherwise be payable under the terms of the Company’s annual bonus program for its senior officers.

Annual Incentive Bonuses. The Company shall provide the Executive with the opportunity to earn an annual target bonus of $135,000 60% of his Base Salary (the “Target Bonus Amount”) for each calendar year of the Company ending during the Agreement Term, provided that Executive’s maximum bonus opportunity for extraordinary performance shall be governed by the provisions of the Company’s annual MIP bonus plan. With respect to calendar year 2007, Executive’s Target Bonus Amount and his maximum bonus opportunity under the annual MIP bonus plan shall be $135,000 and such amount will not be pro-rated for the partial year of service in 2007from the Effective Date to the end of the calendar year. Any annual target bonus hereunder shall otherwise be payable under the terms of the Company’s annual bonus program for its senior officers.

Annual Incentive Bonuses. The Company shall provide the Executive with the opportunity to earn an annual target bonus of $135,000 150,000 (the “Target Bonus Amount”) for each calendar year of the Company ending during the Agreement Term, provided that Executive’s maximum bonus opportunity for extraordinary performance shall be governed by the provisions of the Company’s annual MIP bonus plan. With respect to calendar year 2007, Executive’s Target Bonus Amount shall be $135,000 250,000 and such amount will not be pro-rated for the partial year of service in 2007. Any annual target bonus hereunder shall otherwise be payable under the terms of the Company’s annual bonus program for its senior officers.