Common use of Incentive Bonus Plan Clause in Contracts

Incentive Bonus Plan. It is the Company's intent to develop a written Incentive Bonus Plan setting forth the criteria under which Employee will be eligible to receive a year-end bonus. Employee's maximum bonus opportunity shall be up to 75% of his annual base salary. The bonus payment and Employee's targeted performance shall be determined by, and be subject to the approval of, the Board or the compensation committee thereof.

Incentive Bonus Plan. It is the CompanyFYI's intent to develop a written Incentive Bonus Plan setting forth the criteria under which Employee and other officers and key employees will be eligible to receive a year-end bonusbonus awards. Employee's maximum Employee shall have the opportunity under this plan to be eligible for bonus opportunity shall be up not to 75exceed a value equal to 50% of his annual base salary. The bonus payment and Employee's targeted performance shall be determined by, and be subject to the approval of, the Board or the compensation committee thereof.

Incentive Bonus Plan. It is the Company's intent to develop a written Incentive Bonus Plan setting forth the criteria under which Employee will be eligible to receive a year-end bonus. Employee's maximum bonus opportunity shall be up to 7550% of his annual base salary. The bonus payment and Employee's targeted performance shall be determined by, and be subject to the approval of, the Board or the compensation committee thereof.