Common use of Individual Business Objectives Clause in Contracts

Individual Business Objectives. Notwithstanding anything to the contrary contained herein, 25% of the payment of the Target Bonus to the Executive shall be contingent on successful completion of the Executive’s Individual Business Objectives (“IBOs”). The IBOs for the Executive shall be discussed and agreed to by the Executive and the President and CEO of the Company during the first quarter of the Company’s fiscal year. 25% of the payment of the Target Bonus to the Executive may be forfeited or reduced, at the discretion of the President and CEO of the Company, if the Executive’s safety, compliance or core competencies (as outlined in the Executive’s IBOs) are deemed to be unsatisfactory.

Individual Business Objectives. Notwithstanding anything to the contrary contained herein, 25% of the payment of the Target Bonus and the Excess Performance Bonus to the Executive shall be contingent on successful completion of the Executive’s Individual Business Objectives (“IBOs”). The IBOs for the Executive shall be discussed and agreed to by the Executive and the President and CEO of the Company Board during the first quarter of the Company’s fiscal year. 25% of the payment Payment of the Target Bonus and Excess Performance Bonus to the Executive may be forfeited or reduced, at the discretion of the President and CEO of the CompanyBoard, if the Executive’s safety, compliance or core competencies (as outlined in the Executive’s IBOs) are deemed to be unsatisfactory.

Individual Business Objectives. Notwithstanding anything to the contrary contained herein, 25% of the payment of the Target Bonus and the Excess Performance Bonus to the Executive shall be contingent on successful completion of the Executive’s Individual Business Objectives (“IBOs”). The IBOs for the Executive shall be discussed and agreed to by the Executive and the President and CEO of the Company during the first quarter of the Company’s fiscal year. 25% of the payment Payment of the Target Bonus and Excess Performance Bonus to the Executive may be forfeited or reduced, at the discretion of the President and CEO of the Company, if the Executive’s safety, compliance or core competencies (as outlined in the Executive’s IBOs) are deemed to be unsatisfactory.