Common use of Incentive Bonuses Clause in Contracts

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn an annual fiscal year incentive payment equal to 100% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]. Cash payment for each fiscal year’s incentive compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. Executive’s initial target percentage amount is 65% of the Executive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or 130% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Salary). Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive bonus earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) 2017 and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive . Executive’s initial target percentage amount is employed at the end 50% of the annual fiscal yearExecutive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established mutually agreed upon by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or 150% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Salary). Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) 2019 and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. Executive’s initial target percentage amount is 65% of the Executive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or 130% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Salary). Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) and beyond, Executive shall be a participant in a Cash Incentive Plan Plan, as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn an annual fiscal year incentive payment equal to 100% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]. Cash payment for each fiscal year’s incentive compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) 2015 and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive . Executive’s initial target percentage amount is employed at the end 75% of the annual fiscal yearExecutive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established mutually agreed upon by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or 150% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Salary). Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For Commencing with the Company’s 's fiscal year 2018 (subject to proration as hereafter provided) and beyond2011, Executive shall be a participant in a Cash Incentive Compensation Plan as established by the Company (the “CIPCICP”). Under the CIPCICP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s 's Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established mutually agreed upon by the Committee and Executive in writing no later than 60 45 days after the start of each fiscal year (the “Target Amount Milestones”). For the Company's fiscal year 2011, the Target Amount will be 60% of Executive's Base Salary (with a maximum payout of 90% of Executive's Base Salary). Commencing with the beginning of Company's fiscal year 2012, the Target Amount will be 100% of Executive's Base Salary (with a maximum payout of 150% of Executive's Base Salary). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200150% of Executive’s Base Salary as of 's Target Amount. It is the beginning of such fiscal year or such higher percentage Company's intention that the Committee may select]. Cash cash payment for each fiscal year’s incentive 's variable compensation actually earned shall be made to Executive no later than approximately 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s 's financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) 2017 and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive . Executive’s initial target percentage amount is employed at the end 50% of the annual fiscal yearExecutive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established mutually agreed upon by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or % of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Salary). Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For the Company’s fiscal year 2018, the annual fiscal year incentive earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.

Incentive Bonuses. For the Company’s fiscal year 2018 (subject to proration as hereafter provided) and beyond, Executive shall be a participant in a Cash Incentive Plan Plan, as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to earn be considered for an annual fiscal year incentive payment equal to 100% based on a percentage of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year. Executive’s initial target percentage amount is __% of the Executive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded to Executive based upon the achievement of specific milestones that will be established by the Committee and Executive in writing no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a maximum annual fiscal year incentive bonus of up to 200% of Executive’s Base Salary as of the beginning of such fiscal year or such higher percentage that the Committee may select]Target Amount. Cash payment for each fiscal year’s incentive variable compensation actually earned shall be made to Executive no later than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. For avoidance of doubt, if Executive is not employed through the Company’s final day of the fiscal year 2018for which the annual incentive was earned, Executive will have earned no bonus. For the first fiscal year in that Executive participates in the CIP, the annual fiscal year incentive bonus earned by Executive under the CIP will be prorated for the partial fiscal year measured from the Effective Date. The Target Amount Milestones for fiscal year 2018 will be the same as those applicable to the other senior executives of the Company. The incentive payable to Executive for fiscal year 2018 will be the greater of: (i) 75% of Executive’s Base Salary as of the Effective Date; or (ii) the actual incentive earned by Executive pursuant to the terms of the CIP for fiscal year 2018, subject to the pro-ration described above. All awards of incentive compensation to executive officers of the Company (including Compensation Equity described below) are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment.