Common use of Short Term Incentive Plan Clause in Contracts

Short Term Incentive Plan. As additional compensation for the services to be rendered by Executive pursuant to this Agreement, Executive will be eligible to participate in such executive level bonus/incentive programs and plans as may be in effect from time to time as approved by the Board of Directors of D&E. Executive shall be eligible for a targeted Short-term Incentive Plan bonus at the end of calendar year 2007 at twenty-five percent (25%) of his Salary as defined in D&E’s Short Term Incentive Plan. The target is neither a minimum nor a cap on any bonus. D&E, through its compensation committee, will annually consider the implementation of an annual incentive award program, for which the Executive will be eligible.

Short Term Incentive Plan. As additional compensation for the services to be rendered by Executive pursuant to this Agreement, Executive will be eligible to participate in such executive level bonus/incentive programs and plans as may be in effect from time to time as approved by the Board of Directors of D&E. Executive shall be eligible for a targeted Short-term Incentive Plan bonus at the end of calendar year 2007 at twenty-five percent (25%) of his Salary as defined in D&E’s Short Term Short-term Incentive Plan. The target is neither a minimum nor a cap on any bonus. D&E, through its compensation committee, will annually consider the implementation of an annual incentive award program, for which the Executive will be eligible.