Common use of Annual Target Cash Bonus Clause in Contracts

Annual Target Cash Bonus. The Executive shall be eligible to receive an annual target cash bonus of up to thirty (30) percent of his then annual base salary (“Target Cash Bonus”). The Compensation Committee of the Board shall determine the amount of the actual award, if any, based on overall corporate performance and individual performance. Actual awards may be greater than or less than the Executive’s Target Cash Bonus, depending in part upon the extent to which actual performance exceeds or falls below the performance goals; provided, however, the actual award for the year ended December 31, 2007 will be not less than $30,000 if Executive remains an employee in good standing with the Company from the Commencement Date through December 31, 2007. Any bonus shall be paid in a single lump sum, subject to lawful deductions, at such time as bonuses are regularly paid to senior executives of the Company, but in any event such bonus shall be paid on or before March 15 of the year following the year to which the bonus relates. Each cash bonus award that may become payable shall be paid solely from the general assets of the Company.

Annual Target Cash Bonus. The Executive shall be eligible to receive an annual target cash bonus of up to thirty (30) percent of his then annual base salary (“Target Cash Bonus”). The Compensation Committee of the Board shall determine the amount of the actual award, if any, based on overall corporate performance and individual performance. Actual awards may be greater than or less than the Executive’s Target Cash Bonus, depending in part upon the extent to which actual performance exceeds or falls below the performance goals; provided, however, the actual award for the year ended December 31, 2007 will be not less than $30,000 43,875 if Executive remains an employee in good standing with the Company from the Commencement Date through December 31, 2007. Any bonus shall be paid in a single lump sum, subject to lawful deductions, at such time as bonuses are regularly paid to senior executives of the Company, but in any event such bonus shall be paid on or before March 15 of the year following the year to which the bonus relates. Each cash bonus award that may become payable shall be paid solely from the general assets of the Company.

Annual Target Cash Bonus. The Executive shall be eligible to receive an annual target cash bonus of up to thirty (30) percent of his then annual base salary (“Target Cash Bonus”). The Compensation Committee of the Board shall determine the amount of the actual award, if any, based on overall corporate performance and individual performance. Actual awards may be greater than or less than the Executive’s Target Cash Bonus, depending in part upon the extent to which actual performance exceeds or falls below the performance goals; goals provided, however, the actual award for the year ended December 31, 2007 will be not less than $30,000 the Executive’s Target Cash Bonus if the Executive remains an employee in good standing with the Company from the Commencement Date through December 31, 2007. Any bonus shall be paid in a single lump sum, subject to lawful deductions, at such time as bonuses are regularly paid to senior executives of the Company, but in any event such bonus shall be paid on or before March 15 of the year following the year to which the bonus relates. Each cash bonus award that may become payable shall be paid solely from the general assets of the Company.

Annual Target Cash Bonus. The Executive shall be eligible to receive an annual target cash bonus of up to thirty five (3035) percent of his then annual base salary (“Target Cash Bonus”). The Compensation Committee of the Board shall determine the amount of the actual award, if any, based on overall corporate performance and individual performance. Actual awards may be greater than or less than the Executive’s Target Cash Bonus, depending in part upon the extent to which actual performance exceeds or falls below the performance goals; goals provided, however, the actual award for the year ended December 31, 2007 will be not less than $30,000 157,500 if the Executive remains an employee in good standing with the Company from the Commencement Date through December 31, 2007. Any bonus shall be paid in a single lump sum, subject to lawful deductions, at such time as bonuses are regularly paid to senior executives of the Company, but in any event such bonus shall be paid on or before March 15 of the year following the year to which the bonus relates. Each cash bonus award that may become payable shall be paid solely from the general assets of the Company.

Annual Target Cash Bonus. The Executive shall be eligible to receive an annual target cash bonus of up to thirty forty (3040) percent of his then annual base salary (“Target Cash Bonus”). The Compensation Committee of the Board shall determine the amount of the actual award, if any, based on overall corporate performance and individual performance. Actual awards may be greater than or less than the Executive’s Target Cash Bonus, depending in part upon the extent to which actual performance exceeds or falls below the performance goals; goals provided, however, the actual award for the year ended December 31, 2007 will be not less than $30,000 the Executive’s Target Cash Bonus if the Executive remains an employee in good standing with the Company from the Commencement Date through December 31, 2007. Any bonus shall be paid in a single lump sum, subject to lawful deductions, at such time as bonuses are regularly paid to senior executives of the Company, but in any event such bonus shall be paid on or before March 15 of the year following the year to which the bonus relates. Each cash bonus award that may become payable shall be paid solely from the general assets of the Company.