Common use of Short-Term Incentive Compensation Clause in Contracts

Short-Term Incentive Compensation. If the Employment Term has not previously terminated, beginning on January 1, 1999, Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level executives generally depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least at the same level as in effect for Executive on January 1, 1996. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executive, subject to the Board's or the Trustee's reasonable discretion, not later than such payments are made to the Company's senior level executives generally.

Short-Term Incentive Compensation. If During the Employment Term has not previously terminated, beginning on January 1, 1999or after the Revision Date, Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level divisional executives generally depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least at the same level as in effect for Executive on January 1, 1996the Revision Date. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executivehim, subject to the Board's or the Trustee's Trustees' reasonable discretion, not later than such payments are made to the Company's senior level divisional executives generally.

Short-Term Incentive Compensation. If the Employment Term has not previously terminated, beginning on January 1, 19991998, Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level executives generally generally, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least at the same level as in effect for Executive on January 1, 199680% and 130% respectively of Executive's Base Salary. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executive, subject to the Board's or the Trustee's Trustees' reasonable discretion, not later than such payments are made to the Company's senior level executives generally.

Short-Term Incentive Compensation. If the Employment Term has not previously terminated, beginning on January 1, 1999, Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level executives generally depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least at 30 percent and 60 percent, respectively, of the same level as in effect for Executive on January 1, 1996going rate. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executive, subject to the Board's or the Trustee's reasonable discretion, not later than such payments are made to the Company's senior level executives generally.