Common use of Bonus/Incentive Payment Clause in Contracts

Bonus/Incentive Payment. In addition to the base salary paid to Executive pursuant to Section III(A), Executive shall be eligible for an annual incentive payment target of one hundred percent (100%) of his base salary. The portion of the incentive payment to be received by Executive will be determined in accordance with Company’s applicable incentive or bonus plan in effect at that time (e.g., subject to reduction for Company under-performance and increase for Company over-performance) and will be paid in the accordance with the applicable incentive or bonus plan.

Bonus/Incentive Payment. In addition to the base salary Base Salary paid to Executive pursuant to Section III(A), Executive shall be eligible for to participate in Company’s then-effective annual incentive compensation plan with an annual incentive payment target of one hundred percent One Hundred Twenty-Five Percent (100125%) of his base salaryBase Salary (“Target”), effective as of April 8, 2022. The portion percentage of the incentive payment Target amount payable to be received by Executive will shall be determined and paid in accordance with Company’s applicable then-effective annual incentive or bonus compensation plan in effect at that time (e.g., subject to reduction for Company Company/division under-performance and increase for Company Company/division over-performance) and will be paid in the accordance with the applicable incentive or bonus plan).

Bonus/Incentive Payment. In addition to the base salary Base Salary paid to Executive pursuant to Section III(A), Executive shall be eligible for to participate in Company’s then-effective annual incentive compensation plan with an annual incentive payment target of one hundred percent One Hundred Seventy-Five Percent (100175%) of his base salaryBase Salary (“Target”), effective as of April 8, 2022. The portion of the incentive payment payable to be received by Executive will shall be determined and paid in accordance with Company’s applicable then-effective annual incentive or bonus compensation plan in effect at that time (e.g., subject to reduction for Company Company/division under-performance and increase for Company Company/division over-performance) and will be paid in the accordance with the applicable incentive or bonus plan).

Bonus/Incentive Payment. In addition to the base salary Base Salary paid to Executive pursuant to Section III(A), Executive shall be eligible for to participate in Company’s then-effective annual incentive compensation plan with an annual incentive payment target of one hundred percent Two Hundred Percent (100200%) of his base salaryBase Salary (“Target”), effective as of April 8, 2022. The portion of the incentive payment payable to be received by Executive will shall be determined and paid in accordance with Company’s applicable then-effective annual incentive or bonus compensation plan in effect at that time (e.g., subject to reduction for Company Company/division under-performance and increase for Company Company/division over-performance) and will be paid in the accordance with the applicable incentive or bonus plan).

Bonus/Incentive Payment. In addition to the base salary Base Salary paid to Executive pursuant to Section III(A), Executive shall be eligible for to participate in Company’s then-effective annual incentive compensation plan with an annual incentive payment target of one hundred percent Two Hundred Percent (100200%) of his base salaryBase Salary (“Target”), effective as of April 8, 2022. The portion percentage of the incentive payment Target amount payable to be received by Executive will shall be determined and paid in accordance with Company’s applicable then-effective annual incentive or bonus compensation plan in effect at that time (e.g., subject to reduction for Company Company/division under-performance and increase for Company Company/division over-performance) and will be paid in the accordance with the applicable incentive or bonus plan).