Common use of BONUS AND INCENTIVE Clause in Contracts

BONUS AND INCENTIVE. Executive shall be eligible to participate in the Company’s executive incentive bonus plans and shall be eligible to receive grants or awards pursuant to the Company’s stock option plans, all in accordance with the terms and conditions of those plans and on a basis consistent with that customarily provided for senior officers at the highest level of the Company. Each year during the term of this Agreement, Executive shall be eligible for an annual payment under the Company’s executive incentive bonus plan of up to thirty-five percent (35%) of his then-current minimum base annual salary. Each year Executive also shall be eligible to receive stock options to purchase shares of the Company’s Common Stock according to the terms of the Company’s stock option plan as determined by the Company’s Compensation Committee.

BONUS AND INCENTIVE. Executive shall be eligible to participate in the Company’s executive incentive bonus plans and shall be eligible to receive grants or awards pursuant to the Company’s stock option plans, all in accordance with the terms and conditions of those plans and on a basis consistent with that customarily provided for senior officers at the highest level of the Company. Each year during the term of this Agreement, Executive shall be eligible for an annual payment under the Company’s executive incentive bonus plan of up to thirty-five fifty percent (3550%) of his then-current minimum base annual salary. Each year Executive also shall be eligible to receive stock options to purchase shares of the Company’s Common Stock according to the terms of the Company’s stock option plan as determined by the Company’s Compensation Committee.

BONUS AND INCENTIVE. Executive shall be eligible to participate in the Company’s executive incentive bonus plans and shall be eligible to receive grants or awards pursuant to the Company’s stock option plans, all in accordance with the terms and conditions of those plans and on a basis consistent with that customarily provided for senior officers at the highest level of the Company. Each year during the term of this Agreement, Executive shall be eligible for an annual payment under the Company’s executive incentive bonus plan of up to thirtytwenty-five percent (3525%) of his then-current minimum base annual salary. Each year Executive also shall be eligible to receive stock options to purchase shares of the Company’s Common Stock according to the terms of the Company’s stock option plan as determined by the Company’s Compensation Committee.

BONUS AND INCENTIVE. Executive shall be eligible to participate in the Company’s executive incentive bonus plans and shall be eligible to receive grants or awards pursuant to the Company’s stock option plans, all in accordance with the terms and conditions of those plans and on a basis consistent with that customarily provided for senior officers at the highest level of the Company. Each year during the term of this Agreement, Executive shall be eligible for an annual payment under the Company’s executive incentive bonus plan of up to thirty-five thirty percent (3530%) of his then-current minimum base annual salary. Each year Executive also shall be eligible to receive stock options to purchase shares of the Company’s Common Stock according to the terms of the Company’s stock option plan as determined by the Company’s Compensation Committee.