Common use of Cash Incentive Programs Clause in Contracts

Cash Incentive Programs. (i) Executive will be eligible to participate in the Company’s cash incentive programs made available generally to senior executives of the Company, as in effect from time to time (any such incentive, a “Cash Incentive”), provided that the terms and conditions on which Executive participates in any such Cash Incentive program(s) shall be determined by the Board in its sole discretion. With respect to calendar year 2016, Executive will participate in an uncapped Cash Incentive program under which incentives are determined as a percentage of the Company’s Net Revenue (as defined below) for calendar year 2016, but only if the Company achieves the applicable Gross Managed Revenue (as defined below) targets for such calendar year, as follows: If the Company’s Gross Managed Revenue for the calendar year 2016 equals: Then Executive’s Cash Incentive for calendar year 2016 will equal the following percentage of the Company’s Net Revenue for such calendar year: $500,000,000 or less 0.0000 % $600,000,000 0.0700 % $700,000,000 0.1200 % $800,000,000 0.1700 % $900,000,000 0.2200 % $1,000,000,000 or more 0.2400 % If the Company’s Gross Managed Revenue for calendar year 2016 exceeds $500,000,000, but falls between any two of the Gross Managed Revenue targets set forth above, then Executive’s Cash Incentive for calendar year 2016 (the “2016 Cash Incentive”) will be determined by straight-line interpolation between the Net Revenue percentages applicable to such Gross Managed Revenue targets.

Cash Incentive Programs. (i) Executive will be eligible to participate in the Company’s cash incentive programs made available generally to senior executives of the Company, as in effect from time to time (any such incentive, a “Cash Incentive”), provided that the terms and conditions on which Executive participates in any such Cash Incentive program(s) shall be determined by the Board in its sole discretion. With respect to calendar year 2016, Executive will participate in an uncapped Cash Incentive program under which incentives are determined as a percentage of the Company’s Net Revenue (as defined below) for calendar year 2016, but only if the Company achieves the applicable Gross Managed Revenue (as defined below) targets for such calendar year, as follows: If the Company’s Gross Managed Revenue for the calendar year 2016 equals: Then Executive’s Cash Incentive for calendar year 2016 will equal the following percentage of the Company’s Net Revenue for such calendar year: $500,000,000 or less 0.0000 % $600,000,000 0.0700 0.0500 % $700,000,000 0.1200 0.0925 % $800,000,000 0.1700 0.1350 % $900,000,000 0.2200 0.1775 % $1,000,000,000 or more 0.2400 0.2000 % If the Company’s Gross Managed Revenue for calendar year 2016 exceeds $500,000,000, but falls between any two of the Gross Managed Revenue targets set forth above, then Executive’s Cash Incentive for calendar year 2016 (the “2016 Cash Incentive”) will be determined by straight-line interpolation between the Net Revenue percentages applicable to such Gross Managed Revenue targets.