Common use of Bonuses and Incentive Compensation Clause in Contracts

Bonuses and Incentive Compensation. The Executive shall be eligible to participate in an equitable manner with all other employees of the Employer in any bonus or other incentive programs (including any stock option or equity compensation plans) as may be authorized, declared and paid by the Boards of Directors of the Employer. This provision shall not preclude the grant of any other bonus or compensation to the Executive as determined by the Board of Directors of the Employer. Payment of a bonus to the Executive pursuant to this Section 2(b), if applicable, shall be made no later than March 15 of the calendar year immediately following the year in which the performance bonus was earned.

Bonuses and Incentive Compensation. The Executive Employee shall be eligible to participate in an equitable manner with all other employees of the Employer in any bonus or other incentive programs (including any stock option or equity compensation plans) as may be authorized, declared and paid by the Boards of Directors of the Employer. This provision shall not preclude the grant of any other bonus or compensation to the Executive Employee as determined by the Board of Directors of the Employer. Payment of a bonus to the Executive Employee pursuant to this Section 2(b)3.2, if applicable, shall be made no later than March 15 of the calendar year immediately following the year in which the performance bonus was earned.