Common use of Annual Incentive Compensation Clause in Contracts

Annual Incentive Compensation. During the Employment Period, Executive shall be eligible to receive an annual cash incentive bonus determined by the Compensation Committee of the Board (the “Committee”) in its sole discretion, as a percentage of Executive's Base Salary, with a target bonus of not less than 50% of Executive's Base Salary, and based upon Executive's and/or the Company's achievement of annual performance goals or objectives established by the Committee, in its sole discretion. Payment of any annual cash incentive bonus earned shall be made on or before March 15th of each calendar year immediately following the year in which such compensation is earned.

Annual Incentive Compensation. During the Employment Period, Executive shall be eligible to receive an annual cash incentive bonus determined by the Compensation Committee of the Board (the “Committee”) in its sole discretion, as a percentage of Executive's ’s Base Salary, with a target bonus of not less than 50% of Executive's Base Salary, and based upon Executive's ’s and/or the Company's ’s achievement of annual performance goals or objectives established by the Committee, in its sole discretion. Payment of any annual cash incentive bonus, to the extent any annual bonus earned shall becomes payable, will be made on or before the date on which annual bonuses are paid generally to the Company’s executives (but no later than March 15th 15 of each calendar the year immediately following the year in with respect to which such compensation is bonus was earned).

Annual Incentive Compensation. During the Employment Period, Executive shall be eligible to receive an annual cash incentive bonus determined by the Compensation Committee of the Board (the “Committee”) in its sole discretion, as a percentage of Executive's ’s Base Salary, with a target bonus of not less than 50% of Executive's ’s Base Salary, and based upon Executive's ’s and/or the Company's ’s achievement of annual performance goals or objectives established by the Committee, in its sole discretion. Payment of any annual cash incentive bonus earned shall be made on or before March 15th of each calendar year immediately following the year in which such compensation is earned.