Common use of Management Bonus Plan Clause in Contracts

Management Bonus Plan. Beginning on the Effective date, Executive will be eligible to participate in the Company’s annual management bonus plan for executive’s at the Chief Financial Officer level of the Company, under which, he will be eligible to receive a bonus based on a percentage of his annual base salary or based on targets established at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the Company’s management bonus plan as approved by The Committee, who shall have the sole discretion to change or eliminate the Executive’s bonus plan, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. If Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of the executive bonus will be determined pursuant to the management bonus plan, subject to the approval of The Committee.

Management Bonus Plan. Beginning on the Effective dateDate, Executive will be eligible to participate in the Company’s annual management bonus plan for executive’s at the Chief Financial Officer President level of the Company, under which, he will be eligible to receive a bonus based on a percentage of his annual base salary or based on targets established at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the Company’s management bonus plan as approved by The Committee, who shall have the sole discretion to change or eliminate the Executive’s bonus plan, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. If Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of the executive bonus will be determined pursuant to the management bonus plan, subject to the approval of The Committee.

Management Bonus Plan. Beginning on the Effective dateDate, Executive will be eligible to participate in the Company’s annual management bonus plan for executive’s at the Chief Financial Executive Officer level of the Company, under which, he will be eligible to receive a bonus based on a percentage of his annual base salary or based on targets established at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the Company’s management bonus plan as approved by The Committee, who shall have the sole discretion to change or eliminate the Executive’s bonus plan, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. If Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of the executive bonus will be determined pursuant to the management bonus plan, subject to the approval of The Committee.

Management Bonus Plan. Beginning on the Effective date, Executive will be eligible to participate in the Company’s annual management bonus plan for executive’s at the Chief Financial Operating Officer level of the Company, under which, he will be eligible to receive a bonus based on a percentage of his annual base salary or based on targets established at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the Company’s management bonus plan as approved by The Committee, who shall have the sole discretion to change or eliminate the Executive’s bonus plan, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. If Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of the executive bonus will be determined pursuant to the management bonus plan, subject to the approval of The Committee.