Common use of Discretionary and Performance Incentive Bonuses Clause in Contracts

Discretionary and Performance Incentive Bonuses. During the Term, the Executive shall be entitled to participate in an equitable manner with all other Executive Employees in such discretionary bonuses as may be authorized, declared and paid by the Compensation Committee to its Executive Employees. The term "Executive Employee" includes the Chairman of the Board/Chief Executive Officer, the President of the Software Products Division, and the President of the Services Division. The Company may adopt an incentive bonus plan providing for the payment of annual performance incentive bonuses to the Executive and other Executive Employees based upon the increase in the Company's operating profit or other appropriate performance objectives. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses.

Discretionary and Performance Incentive Bonuses. During the Term, the Executive shall be entitled to participate in an equitable manner with all other Executive Employees in such discretionary bonuses as may be authorized, declared and paid by the Compensation Committee to its Executive Employees. The term "Executive Employee" includes the Chairman of the Board/Chief Executive Officer, the President of the Software Products Division, and the President of the Services DivisionDivision and the Senior Vice President, Chief Financial Officer and Treasurer. The Company may adopt an incentive bonus plan providing for the payment of annual performance incentive bonuses to the Executive and other Executive Employees based upon the increase in the Company's operating profit or other appropriate performance objectives. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses.