Common use of Annual Performance Based Incentive Clause in Contracts

Annual Performance Based Incentive. Annual Performance Based Incentive upto US$2,00,000 based on the performance criteria determined by the Board provided that the Board may, at their discretion based upon a review of the performance of the Company and the contribution of the Executive therein, revise the Annual Performance Based Incentive to a higher amount not exceeding US$6,00,000 per annum. The Annual Performance Based Incentive to be quantified and to be paid quarterly /half yearly or annually as the Board may determine.

Annual Performance Based Incentive. Annual Performance Based Incentive An annual performance based incentive upto US$2,00,000 180,000( US Dollars One Hundred and Eighty Thousand Only) based upon on the performance criteria determined by the Board provided that the Board may, at their its discretion based upon a the review of the performance of the Company and the contribution of the Executive thereinExecutive, revise the Annual Performance Based Incentive to a higher amount not exceeding US$6,00,000 US $ 300,000 ( US Dollars Three Hundred Thousand) per annum. The Annual Performance Based Incentive to be quantified and to shall be paid quarterly /half quarterly/half yearly or annually as the Board may determine.

Annual Performance Based Incentive. Annual Performance Based Incentive upto US$US $ 2,00,000 based on the performance criteria determined by the Board provided that the Board may, at their discretion based upon a review of the performance of the Company and the contribution of the Executive therein, revise the Annual Performance Based Incentive to a higher amount not exceeding US$US $ 6,00,000 per annum. The Annual Performance Based Incentive to be quantified and to be paid quarterly /half yearly or annually as the Board may determine.