Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2009 fiscal year of the Company shall be as follows: One Hundred Sixty Five Thousand Dollars ($165,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 2009, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Appears in 1 contract
Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2009 2008 fiscal year of the Company shall be as follows: One Hundred Sixty Fifty Nine Thousand Five Thousand Hundred Dollars (U.S. $165,000159,500); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20092008, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Appears in 1 contract
Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2009 2008 fiscal year of the Company shall be as follows: One Hundred Sixty Five Fifty Four Thousand Dollars (U.S. $165,000154,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20092008, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Appears in 1 contract
Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2009 2010 fiscal year of the Company shall be as follows: One Hundred Sixty Five Ninety Two Thousand Dollars (U.S. $165,000192,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20092010, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Appears in 1 contract