Common use of Incentive Compensation Clause in Contracts

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty five percent (45%) of the Executive’s his Base Salary. The target annual , although any the actual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to timediscretionary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Company’s Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent Forty Percent (40%) of the Executive’s his Base Salary, and the actual bonus amount shall be determined by the Company’s Compensation Committee. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of Target Bonus may be redetermined by the ExecutiveCompany’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to after consultation with the terms of any applicable incentive compensation plan that may be in effect from time to timeCEO. To earn be eligible for incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $260,000 which is equivalent to 69.3% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 40% percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” The actual amount of the Executive’s annual incentive compensation”). Except as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by During the Board or Term, the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 150 percent of his Base Salary or such higher amount or percentage determined by the Executive’s Base SalaryCompensation Committee. The target annual incentive compensation in effect at any given time is referred Subject to herein as “Target Bonus.” The the provisions of the first sentence of this Section 2(b), the actual amount of the Executive’s annual incentive compensation, if any, compensation shall be determined in the sole discretion of the Board or by the Compensation Committee, subject in its sole discretion, based on such factors relating to the terms performance of any applicable incentive compensation plan that may the Company and the Executive and will be in effect from time paid within 75 days following the end of the fiscal year. Except as otherwise provided herein, to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 45 percent (45%) of the Executive’s his Base Salary. The target annual , although any the actual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to timediscretionary. To earn any incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Company’s Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent Thirty-Five Percent (35%) of the Executive’s his Base Salary, and the actual bonus amount shall be determined by the Company’s Compensation Committee. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of Target Bonus may be redetermined by the ExecutiveCompany’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to after consultation with the terms of any applicable incentive compensation plan that may be in effect from time to timeCEO. To earn be eligible for incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 eighty-five (85%) percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 sixty (60%) percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 45 percent of his Base Salary (the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” ”) and be based on predetermined metrics as determined by the Board or the Compensation Committee. The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 seventy-five percent (75%) of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by During the Board or Term, the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 150 percent of his Base Salary or such higher amount or percentage determined by the Executive’s Base SalaryCompensation Committee. The target annual incentive compensation Subject to the provisions of the first sentence in effect at any given time is referred to herein as “Target Bonus.” The this Section 2 (b), the actual amount of the Executive’s annual incentive compensation, if any, compensation shall be determined in the sole discretion of the Board or by the Compensation Committee, subject in its sole discretion, based on such factors relating to the terms performance of any applicable incentive compensation plan that may the Company and the Executive and will be in effect from time paid within 75 days following the end of the fiscal year. Except as otherwise provided herein, to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $260,000 which is equivalent to 69.3% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”) and effective for FY 2022. The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 at least 50 percent of his Base Salary and may be increased by the Compensation Committee from time to time, including during the Term. The Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensationExcept as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paidpaid and must not have given or received notice of termination of employment before or on the bonus payment date.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 [ ] percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 at least 75 percent of his Base Salary and may be increased by the Compensation Committee from time to time, including during the Term. The Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensationExcept as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $300,000 which is equivalent to 75% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”) and effective for FY 2024. The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty (40) percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $515,000 which is equivalent to 100% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 30 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be at least 40 percent of his Base Salary based on full-time employment and may be increased by the Compensation Committee from time to time, including during the Term. The Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensationExcept as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by in the sole discretion of the Board or the Compensation Committee from time to time. The Executive’s initial target For calendar year 2024, the Executive shall receive guaranteed annual incentive compensation shall be 40 equal to 65 percent of the Executive’s Base Salary, pro-rated for the actual number of days the Executive is employed by the Company in such year. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensationExcept as otherwise provided herein, if any, shall be determined in the sole discretion of the Board to earn or the Compensation Committee, subject to the terms of receive any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day date such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of the Executive’s [his]/[her] Base Salary. The target annual incentive compensation in effect at any given , as may be redetermined from time is referred to herein as time (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 thirty-five percent of his Base Salary effective July 1, 2018 (resulting in a 30 percent effective rate for the Executive’s Base Salary. The 2018 target annual incentive compensation compensation) (as in effect at any given time is referred to herein as time, the “Target Bonus.” The actual amount of the Executive’s annual incentive compensationAnnual Incentive Compensation”). Except as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $160,000 which is equivalent to 49.3% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 55 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as determined by During the Board or Term, the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 150 percent of his Base Salary or such higher amount or percentage determined by the Executive’s Base SalaryCompensation Committee. The target annual incentive compensation Subject to the provisions of the first sentence in effect at any given time is referred to herein as “Target Bonus.” The this Section 2(b), the actual amount of the Executive’s annual incentive compensation, if any, compensation shall be determined in the sole discretion of the Board or by the Compensation Committee, subject in its sole discretion, based on such factors relating to the terms performance of any applicable incentive compensation plan that may the Company and the Executive and will be in effect from time paid within 75 days following the end of the fiscal year. Except as otherwise provided herein, to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 at least 60 percent of his Base Salary and may be increased by the Compensation Committee from time to time, including during the Term. The Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensationExcept as otherwise provided herein, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 sixty percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $225,000 which is equivalent to 69.3% of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paidpaid and must not have given or received notice of termination of employment before or on the bonus payment date.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty-five (45) percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as Salary (the “Target Bonus.” ”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. To Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.