Common use of Bonus Entitlement Clause in Contracts

Bonus Entitlement. Commencing with the 2009 calendar year, you will be entitled to a bonus (an “Annual Bonus”) for each calendar year that ends during the Employment Period based on achievement of performance targets and such other terms and conditions established by the Compensation Committee no later than March 31 of each such year, provided that for each of the 2009 and 2010 calendar years the Annual Bonus shall be no greater than $10 million, for each of the 2011 and 2012 calendar years the Annual Bonus shall be no greater than $11 million.

Bonus Entitlement. Commencing with the 2009 calendar year, you will be entitled to a bonus (an “Annual Bonus”) for each calendar year that ends during the Employment Period based on achievement of performance targets and such other terms and conditions established by the Compensation Committee no later than March 31 of each such year, provided that for each of the 2009 and 2010 calendar years the Annual Bonus shall be no greater than $10 million, for each of the 2011 and 2012 calendar years the Annual Bonus shall be no greater than $11 million.