Common use of Incentive Bonus Compensation Clause in Contracts

Incentive Bonus Compensation. During the Term, the Executive shall be eligible to receive a cash bonus payment as determined by the Compensation Committee from time to time in accordance with the Senior Executive Incentive Bonus Plan, or any successor plan adopted by the Compensation Committee. The Executive’s target annual incentive compensation shall be 40 percent of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the last day of the performance period; provided, however, that the Executive may be entitled to a pro rated bonus in the event that his employment is terminated by the Company without Cause after completing nine or more months of service in the fiscal year in which such termination occurs, in accordance with the terms of the Senior Executive Incentive Bonus Plan.

Incentive Bonus Compensation. During the Term, the Executive shall be eligible to receive a cash bonus payment as determined by the Compensation Committee from time to time in accordance with the Senior Executive Incentive Bonus Plan, or any successor plan adopted by the Compensation Committee. The Executive’s target annual incentive compensation shall be 40 30 percent of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the last day of the performance period; provided, however, that the Executive may be entitled to a pro rated bonus in the event that his employment is terminated by the Company without Cause after completing nine or more months of service in the fiscal year in which such termination occurs, in accordance with the terms of the Senior Executive Incentive Bonus Plan.

Incentive Bonus Compensation. During the Term, the Executive shall be eligible to receive a cash bonus payment as determined by the Compensation Committee from time to time in accordance with the Senior Executive Incentive Bonus Plan, or any successor plan adopted by the Compensation Committee. The Executive’s target annual incentive compensation shall be 40 65 percent of his her Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the last day of the performance period; provided, however, that the Executive may be entitled to a pro rated bonus in the event that his her employment is terminated by the Company without Cause after completing nine or more months of service in the fiscal year in which such termination occurs, in accordance with the terms of the Senior Executive Incentive Bonus Plan.