Common use of BUSINESS PLAN COMMITTEE Clause in Contracts

BUSINESS PLAN COMMITTEE. Prior to the beginning of each fiscal year of the Company, Employee and the Company's Board of Directors (the "Business Plan Committee") shall work together to establish performance goals for the Company and Employee for the coming fiscal year. The performance goals shall be mutually agreeable to the parties and shall be set forth in a formal business plan (the "Business Plan") to be adopted by the Board of Directors of the Company. The Business Plan shall set forth the performance goals in a manner that permits a quantitative determination that such performance goals have been satisfied. Performance goals subject to quantitative analysis may include, for example, target total sales, target net income, target earnings per share, or any other number or financial ratio that the Business Plan Committee shall adopt. The performance goals set forth in the Business Plan may be amended or modified only by written consent of each member of the Business Plan Committee.

BUSINESS PLAN COMMITTEE. Prior to the beginning of each fiscal year of the Company, Employee Employee, the President of the Company and the Company's Board of Directors (the "Business Plan Committee") shall work together to establish performance goals for the Company and Employee for the coming fiscal year. The performance goals shall be mutually agreeable to the parties and shall be set forth in a formal business plan (the "Business Plan") Plan to be adopted by the Board of Directors of the Company. The Business Plan shall set forth the performance goals of the Company in a manner that permits a quantitative determination that such performance goals have been satisfied. Performance goals subject to quantitative analysis may include, for example, target total sales, target net income, target earnings per share, or any other number or financial ratio that the Business Plan Committee shall adopt. For the purposes of this Agreement, the term "100% of Plan" be understood to mean that the Company shall have satisfied each performance goal set forth in the Business Plan for a given fiscal year. The performance goals set forth in the Business Plan may be amended or modified only by written consent of each member of the Business Plan Committee.