Common use of Annual Performance Incentive Plan Clause in Contracts

Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, once a year during the Initial Term, Executive shall receive an annual performance incentive bonus award which will range from 0 to 200% of his annual base salary, such amount to be determined by the Compensation Committee of the Board of Directors and to be based on the performance of the Company and the Executive. Notwithstanding the foregoing, for as long as the Company continues to participate in the ACE Group short-term incentive program, Executive will be eligible to participate in such plan, pursuant to its terms, as may be in effect from time to time .

Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, once a year during the Initial Term, Executive shall receive an annual performance incentive bonus award which will range from 0 to 200% of his annual base salary, such amount to be determined by the Compensation Committee of the Board of Directors and to be based on the performance of the Company and the Executive. Notwithstanding the foregoing, for as long as the Company continues to participate in the ACE Group short-term incentive program, Executive will be eligible to participate in such plan, pursuant to its terms, as may be in effect from time to time time.