Common use of Management Incentive Plan Clause in Contracts

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s employment by Corporation, beginning with the calendar year 1994, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least thirty-five percent (35%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 19942001, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (shortShort-term Incentive Program) with a target level based on at least thirtyseventy-five percent (3575%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 19941995, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least thirty-five Seventy percent (3570%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s employment by Corporation, beginning with the calendar year 19942007, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least thirty-five percent (35%) 37.5% of base salarysalary in 2007, 42.5% in 2008 and 50% thereafter. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 19941998, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least thirty-five sixty percent (3560%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall, shall for each calendar year of Employee’s 's employment by Corporation, beginning with the calendar year 19942005, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation’s 's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least thirty-five percent (35%) 75% of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.