Common use of Incentive Compensation Arrangements Clause in Contracts

Incentive Compensation Arrangements. The Executive's maximum annual bonus opportunity for each fiscal year shall be $425,000 (and shall be adjusted based on future increases in Base Salary) and will be payable based upon the achievement of performance criteria developed by the Company's Chief Executive Officer; provided, however, that the Executive's bonus for fiscal year 2007 shall not be less than Two Hundred Thousand Dollars ($200,000). For purposes of this Agreement, Executive's target bonus opportunity ("Target Bonus") shall be $300,000 (subject to achievement of the requisite performance criteria). Any bonuses shall be payable when bonuses are customarily payable under the Company's regular payroll practices, but in no event later than 2 and 1/2 months following the end of the applicable fiscal year.

Incentive Compensation Arrangements. The Executive's ’s maximum annual bonus opportunity for each fiscal year shall be $425,000 900,000 (and shall be adjusted based on future increases in Base Salary) and will be payable based upon the achievement of performance criteria developed by the Company's ’s Chief Executive OfficerOfficer and/or President; provided, however, that the Executive's ’s maximum bonus opportunity for fiscal year 2008 shall be $450,000 and the Executive’s bonus for fiscal year 2007 2008 shall not be less than Two Hundred Thousand Dollars ($200,000). For purposes of this Agreement, Executive's ’s target bonus opportunity ("“Target Bonus"”) shall be $300,000 450,000 (subject to achievement of the requisite performance criteria). Any bonuses shall be payable when bonuses are customarily payable under the Company's ’s regular payroll practices, but in no event later than 2 and 1/2 months following the end of the applicable fiscal year.

Incentive Compensation Arrangements. The Executive's ’s maximum annual bonus opportunity for each fiscal year shall be $425,000 550,000 (and shall be adjusted based on future increases in Base Salary) and will be payable based upon the achievement of performance criteria developed by the Company's ’s Chief Executive Officer; provided, however, that the Executive's ’s bonus for fiscal year 2007 2008 shall not be less than Two Hundred Thousand Dollars ($200,000). For purposes of this Agreement, Executive's ’s target bonus opportunity ("“Target Bonus"”) shall be $300,000 350,000 (subject to achievement of the requisite performance criteria). Any bonuses shall be payable when bonuses are customarily payable under the Company's ’s regular payroll practices, but in no event later than 2 and 1/2 months following the end of the applicable fiscal year.

Incentive Compensation Arrangements. The Executive's ’s maximum annual bonus opportunity for each fiscal year shall be $425,000 (and shall be adjusted based on future increases in Base Salary) and will be payable based upon the achievement of performance criteria developed by the Company's ’s Chief Executive Officer; provided, however, that the Executive's ’s bonus for fiscal year 2007 shall not be less than Two Hundred Thousand Dollars ($200,000). For purposes of this Agreement, Executive's ’s target bonus opportunity ("“Target Bonus"”) shall be $300,000 (subject to achievement of the requisite performance criteria). Any bonuses shall be payable when bonuses are customarily payable under the Company's ’s regular payroll practices, but in no event later than 2 and 1/2 months following the end of the applicable fiscal year.