Common use of ANNUAL CASH INCENTIVE AWARD Clause in Contracts

ANNUAL CASH INCENTIVE AWARD. During the Employment Term, the Executive shall participate in (a) the Bonus Plan with a target bonus of 50% of the Base Salary, or such other amount as may be determined in its discretion by the Board or the appropriate committee or individual to which authority for these matters has been assigned, and (b) any other incentive programs established by the Company for its senior level executives generally.

ANNUAL CASH INCENTIVE AWARD. During the Employment Term, the Executive shall participate in (a) the Bonus Plan with a target bonus of 5040% of the Base Salary, or such other amount as may be determined in its discretion by the Board or the appropriate committee or individual to which authority for these matters has been assigned, and (b) any other incentive programs established by the Company for its senior level executives generally.