Bonus Incentives. With respect to each full fiscal year during the Employment Term, Executive shall be eligible to earn an annual bonus award (an "ANNUAL BONUS") of forty-five percent (45%) of Executive's Base Salary (the "TARGET") based upon and subject to the achievement of annual performance targets established by the Board (or a committee thereof) within the first three months of each fiscal year during the Employment Term. In addition, during the Employment Term, Executive shall be entitled to participate in such long-term cash incentive plans and programs of the Company as are generally provided to the Company's other senior executives.
Appears in 5 contracts
Samples: Employment Agreement (Westborn Service Center, Inc.), Employment Agreement (Westborn Service Center, Inc.), Employment Agreement (Westborn Service Center, Inc.)
