Common use of Bonus Compensation Clause in Contracts

Bonus Compensation. Employee shall receive bonus compensation (“Bonus Compensation”) in accordance with paragraph (i) of this Section 4(b); provided, however, that if at any time the Management Bonus (as hereinafter defined) is not in effect, Employee shall receive bonus compensation in accordance with paragraph (ii) of this Section 4(b). Employee shall not be entitled to participate in any incentive bonus program for non-management level employees during the time the Management Bonus is in effect.

Bonus Compensation. Employee shall receive bonus compensation (“Bonus Compensation”) in accordance with paragraph (ie) of this Section 4(b); provided, however, that if at any time the Management Bonus (as hereinafter defined) is not in effect, Employee shall receive bonus compensation in accordance with paragraph (ii) of this Section 4(b)4. Employee shall not be entitled to participate in any incentive bonus program for non-management level employees during the time the Management Bonus is in effect.