ARTICLE IV PERSONAL PERFORMANCE BONUS Sample Clauses

ARTICLE IV PERSONAL PERFORMANCE BONUS. 4.1 Personal Performance Level. At the end of the Plan Year, each Employee's supervisor will evaluate the Employee and rate the Employee's Personal Performance Level on a scale of 0% to 120%. The Personal Performance Bonus for the Company's Chief Executive Officer shall be determined by the Compensation Committee. A 100% or higher Performance Level will be awarded to an Employee who has realized full compliance with challenging personal achievement standards. A 120% Performance Level will be awarded to an Employee who has demonstrated extraordinary personal achievement. If an Employee's Personal Performance Level is 80%, the Employee's Personal Performance Level is in the "Minimum Performance Level" category specified in Section 4.2. If an Employee's Personal Performance Level is 100%, the Employee's Personal Performance Level is in the "Target Performance Level" category specified in Section 4.2. If an Employee's Personal Performance Level is 120%, the Employee's Personal Performance Level is in the "Maximum Performance Level" category specified in Section 4.2. If an Employee's Personal Performance Level is less than 80%, no Personal Performance Bonus shall be payable. If an Employee's Personal Performance Level falls between 80% and 100%, or between 100% and 120%, the percentages shown in the Tables set forth in Section 4.2 shall be interpolated so that the percentage used to calculate an Employee's Personal Performance Bonus bears the same relationship to the percentage shown in the following Tables that the Personal Performance Level bears to the Personal Performance Levels applicable to the two closest Performance Levels. For example, if an Employee's Personal Performance Level is 90% and if the Employee is in Impact Level I, the applicable percentage for calculating the Employee's Personal Performance Bonus shall be 41.88%. 4.2 Determination of Personal Performance Bonus. Subject to Sections 4.3 and 6.1, an Employee's Personal Performance Bonus is calculated as a percentage of the Employee's Salary. The applicable percentage is a function of the Employee's Impact Level and Personal Performance Level category determined pursuant to Section 4.1, as set forth in the following Table II (Table IIA for Employees of NEL):
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