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 thirty percent (30%) of the Base Salary paid to Executive as of the last day of each fiscal year. However, Executive shall be entitled to receive a minimum lump sum Bonus with respect to the fiscal year ending April 30, 2012 that shall be not less than $50,000. 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 2011 and April 30, 20132012, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to thirty percent (30%) of the Base Salary paid to Executive as of the last day of each fiscal year. However; provided, however, that Executive shall be entitled to receive a minimum lump sum Bonus with respect to the each such fiscal year ending April 30, 2012 that shall be not less than $50,000. For all fiscal years of the Company beginning on or after May 1, 20132012, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named senior executive officers of the Company (as defined under the Securities Exchange Act of 1934)Company.

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 thirty seventy-five percent (3075%) of the Base Salary paid to Executive as of the last day of each fiscal year. However, Executive shall be entitled to receive a minimum lump sum Bonus with respect to the fiscal year ending April 30, 2012 that shall be not less than $50,000. 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).