Corporate Bonus Program. For each fiscal year of the Company completed during the Employment Term, the Executive will be eligible to earn an annual bonus under the Company’s Corporate Bonus Program based on a target bonus opportunity of 100% of the Base Salary (with greater or lesser amounts paid for performance above and below target) (each annual bonus, an “Annual Bonus”). The Annual Bonus is subject to the Board’s approval and, if required by the Board, the Executive’s execution of any applicable participation agreement under the Corporate Bonus Program. In each case, the Annual Bonus will be subject to the terms and conditions of this Section 4 and the applicable plan documents. The performance criteria for any particular year shall be determined by the Board (or a committee thereof), after consultation with the Executive, no later than sixty (60) days after the commencement of the relevant year.
Corporate Bonus Program. For each fiscal year of the Company completed during the Employment Term, Xxxxxxx will be eligible to earn an annual bonus (each annual bonus, an “Annual Bonus”) under the Company’s Corporate Bonus Program. The Annual Bonus is subject to the Board’s approval and Xxxxxxx’x execution of the applicable participation agreement under the Corporate Bonus Program. For fiscal year 2022, Xxxxxxx will be eligible for an Annual Bonus of $500,000 at target (subject to a possible increase or decrease relative to certain performance metrics). In each case, the Annual Bonus will be subject to the terms and conditions of this Section 5 and the applicable plan documents.
Corporate Bonus Program. For each fiscal year of the Company completed during the Employment Term, the Executive will be eligible to earn an annual bonus under the Company’s Corporate Bonus Program (each annual bonus, an “Annual Bonus”). The Annual Bonus is subject to the Board’s approval and the Executive’s execution of any applicable participation agreement under the Corporate Bonus Program. In each case, the Annual Bonus will be subject to the terms and conditions of this Section 4 and the applicable plan documents.
Corporate Bonus Program. Executive acknowledges and agrees that he shall not be eligible to participate in any bonus program including, without limitation, the Corporate Bonus Program following the Transition Date; provided that, to the extent not paid prior to the commencement of the Transition Period, Executive shall continue to be eligible for the performance bonus under the amendment to the Letter Agreement dated January 24, 2003.
Corporate Bonus Program. The Corporate Bonus program will be administered in accordance with the terms and conditions outlined in the annual compensation statement with a Bonus Target no less than 6%. The Bonus program will not be amended during the term of this agreement.