Common use of Annual Bonus Plan Clause in Contracts

Annual Bonus Plan. The Executive shall have an opportunity to receive an annual bonus during the Term of Employment (the “Annual Bonus”), subject to such terms and conditions as the Board or a delegatee thereof shall prescribe. The Executive’s target Annual Bonus opportunity shall be equal to 40% of his Annual Base Salary, it being understood that the actual Annual Bonus received by the Executive will depend on the level of attainment of performance and other factors used by the Company to determine Annual Bonus amounts and that there is no guarantee that an Annual Bonus will be earned.

Annual Bonus Plan. The Executive shall have an opportunity to receive an annual bonus during the Term of Employment (the “Annual Bonus”), subject to such terms and conditions as the Board or a delegatee thereof shall prescribe. The Executive’s target Annual Bonus opportunity shall be equal to 4030% of his Annual Adjusted Base Salary, it being understood that the actual Annual Bonus received by the Executive will depend on the level of attainment of performance and other factors used by the Company to determine Annual Bonus amounts and that there is no guarantee that an Annual Bonus will be earned.

Annual Bonus Plan. The Executive shall have an opportunity to receive an annual bonus bonuses during the Term of Employment (the “Annual Bonus”), subject to such terms and conditions as the Board or a delegatee thereof shall prescribe. The Executive’s maximum target Annual Bonus opportunity shall be equal to 4030% of his Annual Base Salary, it being understood that the actual Annual Bonus received by the Executive will depend on the level of attainment of performance and other factors used by the Company to determine Annual Bonus amounts and that there is no guarantee that an Annual Bonus will be earned.

Annual Bonus Plan. The Executive shall have an opportunity to receive an annual bonus during the Term of Employment (the “Annual Bonus”), subject to such terms and conditions as the Board or a delegatee delegate thereof shall prescribe. The Executive’s target Annual Bonus opportunity shall be equal to 4060% of his Annual Base Salary, it being understood that the actual Annual Bonus received by the Executive will depend on the level of attainment of performance and other factors used by the Company to determine Annual Bonus amounts and that there is no guarantee that an Annual Bonus will be earned.