Common use of Incentive Bonus Plans Clause in Contracts

Incentive Bonus Plans. The Executive will be entitled to participate in any incentive bonus plans applicable to senior executives of Quest Diagnostics as such plans are amended from time to time in accordance with the terms thereof. Commencing fiscal year 2002, the Executive will be eligible to receive an annual bonus award, in cash, with a target payout equal to forty percent (40%) of his Salary if certain performance targets set forth by such plans are reached.

Incentive Bonus Plans. The Executive will shall be entitled to participate in any incentive bonus plans applicable to senior executives of Quest Diagnostics as such plans are amended from time to time in accordance with the terms thereof. Commencing fiscal year 2002, the Executive will shall be eligible to receive an annual bonus award, in cash, with a target payout equal to forty percent (40%) of his Salary if certain performance targets set forth by in such plans are reachedachieved.

Incentive Bonus Plans. The Executive will be entitled to participate in any incentive bonus plans applicable to senior executives of Quest Diagnostics as such plans are amended from time to time in accordance with the terms thereof. Commencing fiscal year 2002, the Executive will be eligible to receive an annual bonus award, in cash, with a target payout equal to forty thirty percent (4030%) of his Salary if certain performance targets set forth by such plans are reached.