Common use of Executive Incentive Plan Clause in Contracts

Executive Incentive Plan. The Executive shall be eligible to participate in an Executive Incentive Plan, to be defined and adopted by the Board on or before the first anniversary of the Effective Date of this Amended Agreement, through which the Executive may be eligible to receive an Annual Executive Incentive Bonus, consisting of cash, stock and/or any other compensation deemed appropriate by the Compensation Committee, subject to meeting prerequisite criteria as established by the Board.

Executive Incentive Plan. The Executive Employee shall be eligible to participate in an Executive Incentive Plan, Plan to be defined and adopted by the Board on or before the first anniversary of the Effective Date of this Amended Agreement, through which the Executive Employee may be eligible to receive an Annual Executive Incentive Bonus, consisting of cash, stock and/or any other compensation deemed appropriate by the Compensation Committee, subject to meeting prerequisite criteria as established by the Board.