Common use of Incentive Payment Clause in Contracts

Incentive Payment. In addition to his Base Salary, the Executive shall be entitled to receive an incentive payment in respect of each calendar year during the Employment Term (an “Incentive Payment”) as such may be awarded pursuant to, and in accordance with, the terms of the Company’s Executive Incentive Plan, as then in effect. For purposes of this Agreement, a payment of one hundred eighty-two percent (182%) of the Base Salary, or such higher percentage as may be approved from time to time by the Board or the Compensation Committee in its discretion, is hereinafter referred to as the “Maximum Incentive Payment.”

Incentive Payment. In addition to his Base Salary, the Executive shall be entitled to receive an incentive payment in respect of each calendar year during the Employment Term (an “"Incentive Payment”") as such may be awarded pursuant to, and in accordance with, the terms of the Company’s 's Executive Incentive Plan, as then in effect. For purposes of this Agreement, a payment of one one-hundred eighty-two percent four (182104%) percent of the Base Salary, or such higher percentage as may be approved from time to time by the Board or the Compensation Committee in its discretion, Salary is hereinafter referred to as the “"Maximum Incentive Payment.”"

Incentive Payment. In addition to his Base Salary, the Executive shall be entitled to receive an incentive payment in respect of each calendar year during the Employment Term (an “Incentive Payment”) as such may be awarded pursuant to, and in accordance with, the terms of the Company’s the Executive Incentive Plan, as then in effect. For purposes of this Agreement, a payment of one hundred eighty-two thirty percent (182130%) of the Base Salary, or such higher percentage as may be approved from time to time by the Board or the Compensation Committee in its discretion, is hereinafter referred to as the “Maximum Incentive Payment.”

Incentive Payment. In addition to his Base Salary, the Executive shall be entitled to receive an incentive payment in respect of each calendar year during the Employment Term (an “"Incentive Payment”") as such may be awarded pursuant to, and in accordance with, the terms of the Company’s 's Executive Incentive Plan, as then in effect. For purposes of this Agreement, a payment of one one-hundred eighty-two percent seventy (182170%) percent of the Base Salary, or such higher percentage as may be approved from time to time by the Board or the Compensation Committee in its discretion, Salary is hereinafter referred to as the “"Maximum Incentive Payment.”"