Common use of Annual Incentive Compensation/Bonus Clause in Contracts

Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the fiscal years of the Company ending April 30, 2012 and April 30, 2013, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to percent ( %) of the Base Salary paid to Executive as of the last day of each fiscal year. For all fiscal years of the Company beginning on or after May 1, 2013, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).

Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the fiscal years of the Company ending April 30, 2012 and April 30, 2013, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to sixty percent ( (60%) of the Base Salary paid to Executive as of the last day of each fiscal year. For all fiscal years of the Company beginning on or after May 1, 2013, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).

Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “"Bonus”"). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“"Board”"). For the fiscal years year of the Company ending April 30, 2012 and April 30, 20132017, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to one hundred percent ( (100%) of the Base Salary paid to Executive as of the last day of each fiscal year. For all fiscal years of the Company beginning on or after May 1, 20132017, Executive’s 's eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).

Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the partial remaining fiscal years year of the Company ending April 30, 2012 and April 30, 20132014, Executive shall be eligible for a pro-rated Bonus, the maximum amount of which (before pro-ration) shall be equal to forty percent ( (40%) of the Base Salary paid to Executive as of the last day of each fiscal yearSalary. For all fiscal years of the Company beginning on or after May 1, 20132014, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other the named executive officers of the Company (as defined under the Securities Exchange Act of 1934).

Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the fiscal years of the Company ending April 30, 2012 and April 30, 2013, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to one hundred forty percent ( (140%) of the Base Salary paid to Executive as of the last day of each fiscal year. For all fiscal years of the Company beginning on or after May 1, 2013, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).