Common use of Executive Performance Bonus Clause in Contracts

Executive Performance Bonus. The Executive shall be eligible to participate in an annual performance incentive plan under terms and conditions no less favorable than other senior executives of the Company; provided that the Executive’s target bonus shall not be less than forty-five percent (45%) of his Annual Base Salary. The Executive’s payment under the annual performance incentive plan shall be based on meeting predetermined personal objectives and Patheon’s financial performance. The personal objectives will be set by the Chief Executive Officer, and the financial performance measures will be set by the Chief Executive Officer. For fiscal year 2011, the annual performance bonus will be prorated from the Effective Date. The annual performance bonus, if earned, will be paid to the Executive by the Company in the same manner and payment period generally applicable under the annual performance incentive plan and state law, but in no event later than two and a half months after the later of (i) the end of the applicable performance period, or (ii) the end of the calendar year in which the performance period ends. Nothing contained in this Section 3.2 will guarantee the Executive any specific amount of incentive compensation, or prevent the Chief Executive Officer from establishing performance goals and compensation targets applicable only to the Executive.

Executive Performance Bonus. The For each fiscal year, the Executive shall be eligible to participate in an annual performance incentive plan under terms and conditions no less favorable than other senior executives of the CompanyPatheon; provided that the Executive’s target 's “target” annual bonus opportunity shall not be less than forty-five percent (45%) % of his Annual Base Salary. The Executive’s 's payment under the annual performance incentive plan shall be based on meeting predetermined personal objectives and Patheon’s 's financial performance. The Both the personal objectives will be set by the Chief Executive Officer, and the financial performance measures will be set recommended by the Executive and subject to final approval by the Chief Executive Officer. For fiscal year 20112008, the annual performance bonus will be prorated from the Effective DateDate of this Agreement. The annual performance bonus, if earned, will be paid to the Executive by the Company Corporation in the same manner and payment period generally applicable under the annual performance incentive plan and state lawplan, but in no event later than two and a half months after the later of (i) the end of the applicable performance period, or (ii) the end of the calendar year in which the performance period ends. Nothing contained in this Section 3.2 will guarantee the Executive any specific amount of incentive compensation, or prevent the Chief Executive Officer from establishing performance goals and compensation targets applicable only to the Executive.

Executive Performance Bonus. The For each fiscal year, the Executive shall be eligible to participate in an annual performance incentive plan under terms and conditions no less favorable than other senior executives of the CompanyPatheon; provided that the Executive’s target “target” annual bonus opportunity shall not be less than forty-five percent (45%) % of his Annual Base Salary. The Executive’s payment under the annual performance incentive plan shall be based on meeting predetermined personal objectives and Patheon’s financial performance. The Both the personal objectives will be set by the Chief Executive Officer, and the financial performance measures will be set recommended by the Executive and subject to final approval by the Chief Executive Officer. For fiscal year 20112008, the annual performance bonus will be prorated from the Effective DateDate of this Agreement. The annual performance bonus, if earned, will be paid to the Executive by the Company Corporation in the same manner and payment period generally applicable under the annual performance incentive plan and state lawplan, but in no event later than two and a half months after the later of (i) the end of the applicable performance period, or (ii) the end of the calendar year in which the performance period ends. Nothing contained in this Section 3.2 will guarantee the Executive any specific amount of incentive compensation, or prevent the Chief Executive Officer from establishing performance goals and compensation targets applicable only to the Executive.