Common use of Incentive Compensation Plans Clause in Contracts

Incentive Compensation Plans. In addition to the foregoing, Executive shall become eligible to participate in any management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms comparable to those afforded to other key executive employees with the Company. All amounts to which Executive may be entitled under any incentive compensation plans approved by the Board of Directors, including without limitation, any stock option or purchase plan, and any bonus plan, adopted by the Company (collectively the "Incentive Bonus") shall be subject to the provisions of Section 5.4 below with respect to the effect of any termination of employment on compensation of the Executive and to the provisions, rules and regulations of any such plan. In addition, any such plan, if adopted, may provide for deferral of the receipt of any Incentive Bonus that is awarded and may require Executive to remain in the Company's employ for a specified period or periods of time as a condition to receipt of any such Incentive Bonus.

Incentive Compensation Plans. In addition to the foregoing, Executive shall become eligible to participate in any management incentive compensation plans approved by the Company's Board of Directors, such participation to be on terms comparable to those afforded to other key executive employees with the Company. All amounts to which Executive may be entitled under any incentive compensation plans plan approved by the Board of Directors, including without limitation, any stock option or purchase plan, and any bonus plan, adopted by the Company (collectively the "Incentive Bonus") shall be subject to the provisions of Section 5.4 below with respect to the effect of any termination of employment on compensation of the Executive and to the provisions, rules and regulations of any such plan. In addition, any such plan, if adopted, may provide for deferral of the receipt of any Incentive Bonus that is awarded and may require Executive to remain in the Company's employ for a specified period or periods of time as a condition to receipt of any such Incentive Bonus.