Common use of Management Incentive Plan Clause in Contracts

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee's employment by Corporation, beginning with the calendar year 1998, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least sixty percent (60%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee's employment by Corporation, beginning with the calendar year 19982001, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (shortShort-term Incentive Program) with a target level based on at least sixty seventy-five percent (6075%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee's ’s employment by Corporation, beginning with the calendar year 19982007, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's ’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least sixty percent (60%) 37.5% of base salarysalary in 2007, 42.5% in 2008 and 50% thereafter. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee's ’s employment by Corporation, beginning with the calendar year 19981994, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's ’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least sixty thirty-five percent (6035%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee's employment by Corporation, beginning with the calendar year 19981995, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least sixty Seventy percent (6070%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee's employment by Corporation, beginning with the calendar year 19982005, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least sixty percent (60%) 75% of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.