Annual Bonus Awards. Parent shall cause the annual bonus opportunities with respect to the Company's fiscal year ending February 3, 2001 under the Company's Management Incentive Plan and 2000 Long-Term Incentive Program to remain in place, subject to such reasonable adjustments in the performance targets as Parent determines are necessary to reflect consummation of the transactions contemplated by this Agreement.
Annual Bonus Awards. For fiscal years ending after September 30, 2000, the Executive shall be eligible and permitted, during the Employment Period, to participate in any annual bonus plans and similar benefit that may be available to other senior executives of the Corporation generally, on the same terms and conditions as such other executives.
Annual Bonus Awards. While the Executive is employed by the Company hereunder, the Executive shall be entitled to receive annual bonus awards paid by the Company. Beginning with the fiscal year that commences on April 1, 2001 and for each complete fiscal year thereafter during which the Executive is employed by the Company hereunder, the Company shall pay to the Executive as an annual bonus (the "Bonus Award") an amount that shall be a percentage of the Executive's Base Salary at the end of each such fiscal year determined according to the following table: The amount of the Executive's annual Bonus Award shall be determined by the Board in its sole and absolute discretion within the percentages set forth above pursuant to criteria established by the Board and shall be based on both (i) the financial performance achieved by the Company during the applicable fiscal year as measured by either the Company's attainment of its business plan goals or other standards as established by the Board in its sole and absolute discretion after consultation with the Executive before such fiscal year, and (ii) the Executive's attainment of his personal objectives as established by the Board in its sole and absolute discretion after consultation with the Executive before such fiscal year. The Board shall make its determination of the amount of the Executive's annual Bonus Award, if any, within 30 days following the end of each fiscal year, which Bonus Award shall be paid to the Executive within 60 days following the end of such fiscal year.
Annual Bonus Awards. While the Executive is employed by the Company hereunder, the Executive shall be eligible to participate in the Company's Management Incentive Plan (the "Incentive Plan"). Beginning with the fiscal year that commences on March 1, 1997 and for each fiscal year thereafter during which the Executive is eligible to participate in the Incentive Plan, the Company shall pay to the Executive as an annual bonus (the "Bonus Award"), if approved by the Compensation Committee in its discretion, a minimum of 15 percent of the Executive's Base Salary and a maximum of 100 percent of his Base Salary (or such higher maximum established by the Compensation Committee), with 65 percent of the Executive's Base Salary being his target annual Bonus Award. The amount of the Executive's annual Bonus Award as determined by the Compensation Committee in its discretion shall be based on the financial performance achieved by the Company during the applicable fiscal year as measured by either the Company's attainment of its business plan goals or other standards as established by the Compensation Committee in its discretion from time to time. The Compensation Committee shall make its determination of the amount of the Executive's annual Bonus Award, if any, within 60 days following the end of each fiscal year, which Bonus Award shall be paid to the Executive within 90 days following the end of such fiscal year. Except as modified by the provisions of this Section 3(b) and of Section 6(b), Section 6(c), and Section 6(d) hereof, payments of annual Bonus Awards to the Executive by the Company shall be governed by the terms of the Company's Incentive Plan as it is in effect from time to time.
Annual Bonus Awards. During the Employment Period, but only with respect to the fiscal years ended December 31, 2001, 2002, 2003 and 2004 (the "Bonus Period"), the Executive shall be eligible to receive various annual bonus awards following the end of each such fiscal year, all on the terms and conditions set forth in this Section 2(b)(iii).
Annual Bonus Awards
