Common use of Performance Based Bonus Clause in Contracts

Performance Based Bonus. Executive shall participate in the Company’s Annual Incentive Plan (“Bonus”) for Executive and other senior executive officers. The Executive’s Bonus maximum target for 2005 shall be 45% of Executive's Base Salary, depending on individual and Company performance metrics. Performance metrics for and target amount of the Bonus for 2006 and each subsequent calendar year shall be established on or before March 31 of the year to which the Bonus relates. The CEO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“"Bonus”") for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s 's Bonus maximum target for 2005 shall would be 45from 35% to up to 50% of Executive's Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2004 shall be established by the CEO in consultation with the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount of the Bonus for 2006 2005 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s 's common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“Bonus”) for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s Bonus maximum target for 2005 shall would be 45from 35% to up to 50% of Executive's Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2004 shall be established by the CEO in consultation with the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount of the Bonus for 2006 2005 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“Bonus”) for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s Bonus maximum target for 2005 shall would be 45from 35% to up to 50% of Executive's Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2004 shall be established by the CFO in consultation with the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount of the Bonus for 2006 2005 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEOCFO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“Bonus”) for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s Bonus maximum target for 2005 shall would be 45from 35% to up to 50% of Executive's ’s Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2003 shall be established by the CEO in consultation with the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount of the Bonus for 2006 2004 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's ’s first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“Bonus”) for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s Bonus maximum target for 2005 shall would be 45from __% to up to __% of Executive's Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2003 shall be established by the CEO in consultation with the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount of the Bonus for 2006 2004 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEO, in consultation with the Board and in their sole and reasonable discretion, shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.

Performance Based Bonus. Executive shall participate in While the Company’s Annual Incentive Plan Company has not decided to implement a bonus plan (“Bonus”) for Executive and other senior executive officers. The officers at this time, should it do so in the future its present intention is that Executive’s Bonus maximum target for 2005 shall would be 45from 50% to up to 150% of Executive's ’s Base Salary, depending on individual prorated if less than a full year. Performance metrics for the Bonus, if any, for 2004 shall be established by the Board and Company performance metricsin their sole and reasonable discretion as soon as practicable after a determination has been made to implement a Bonus plan for Executive and other senior executive officers. Performance metrics for and target amount amounts of the Bonus for 2006 2005 and each subsequent calendar year shall be established on or before March 31 February 28 of the year to which the Bonus relates. The CEO, Board in consultation with the Board and in their its sole and reasonable discretion, discretion shall determine, on or before March 31 February 28 of the year in which the Bonus would be payable, whether a Bonus is payable and, if so, the amount of such Bonus. Unless otherwise determined by the Board, all Bonus payments shall be made on the Company's ’s first regular payroll date following such determination and shall be subject to standard payroll tax withholdings and deductions. To be eligible for a Bonus, Executive must be continuously employed by the Company through the date on which the Bonus is paid. Executive recognizes and agrees that: (a) the Company may in its sole discretion and with reasonable notice to Executive determine that any Bonus, if payable, may be paid in whole or in part in the Company’s common stock or other equity securities, including restricted stock and stock options; and (b) the Company may in its sole discretion suspend or discontinue any bonus program at any time without any liability on the part of the Company.