Common use of Team Incentive Plan Clause in Contracts

Team Incentive Plan. The Executive shall be eligible to participate in the Company’s team incentive plan with an annual incentive target of fifty-five percent (55%) of Base Salary (“Incentive Payment”), subject to achievement of such program’s objectives and final approval of the Board. Notwithstanding the foregoing or the terms of the team incentive plan, the full Incentive Payment the Executive is eligible to receive under the team incentive plan based on objective performance factors must be paid and cannot be reduced or eliminated as a result of individual performance factors other than as a result of a good faith determination by the Chief Executive Officer.

Team Incentive Plan. The Executive shall be eligible to participate in the Company’s team incentive plan with an annual incentive target of fifty-five fifty percent (5550%) of Base Salary (“Incentive Payment”), subject to achievement of such program’s objectives and final approval of the Board. Notwithstanding the foregoing or the terms of the team incentive plan, the full Incentive Payment the Executive is eligible to receive under the team incentive plan based on objective performance factors must be paid and cannot be reduced or eliminated as a at result of individual performance factors other than as a result of a good faith determination by the Chief Executive Officer.

Team Incentive Plan. The Executive shall be eligible to participate in the Company’s team incentive plan with an annual incentive target of fifty-five sixty percent (5560%) of Base Salary (“Incentive Payment”), subject to achievement of such program’s objectives and final approval of the Board. Notwithstanding the foregoing or the terms of the team incentive plan, the full Incentive Payment the Executive is eligible to receive under the team incentive plan based on objective performance factors must be paid and cannot be reduced or eliminated as a result of individual performance factors other than as a result of a good faith determination by the Chief Executive OfficerBoard.