Common use of Bonus Potential Clause in Contracts

Bonus Potential. Executive shall be eligible to receive an annual incentive bonus to be paid less standard payroll deductions and withholdings. The Board will reasonably determine the amount of the bonus, if any, based on the Company's attainment of specific corporate objectives and on Executive's attainment of personal objectives, to be established in the reasonable discretion of the Board after consultation with Executive. At the first meeting of the Board following the Employment Date, currently scheduled to occur on or about July 22, 2003, the Board will determine and approve the specific corporate objectives and Executive's personal objectives for the calendar year 2003; once

Bonus Potential. Executive shall be eligible to receive an annual incentive bonus to be paid less standard payroll deductions and withholdings. The Board will reasonably determine the amount of the bonus, if any, based on the Company's ’s attainment of specific corporate objectives and on Executive's ’s attainment of personal objectives, to be established in the reasonable discretion of the Board after consultation with Executive. At the first meeting As of the Board following the Employment Effective Date, currently scheduled to occur on or about July 22, 2003Executive’s target bonus potential will be fifty percent (50%) of Executive’s base salary. Each year, the Board will determine and approve the specific corporate objectives and Executive's personal objectives for the calendar year 2003; once’s target bonus potential as a percentage of Executive’s base salary.