Common use of Management Incentive Plan Clause in Contracts

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall for each calendar year of Employee's employment by Corporation, beginning with the calendar year 2005, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 75% of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall for each calendar year of Employee's employment by Corporation, beginning with the calendar year 20051995, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 75% Seventy percent (70%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall shall, for each calendar year of Employee's ’s employment by Corporation, beginning with the calendar year 20051994, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's ’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 75% thirty-five percent (35%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall shall, for each calendar year of Employee's employment by Corporation, beginning with the calendar year 20051998, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 75% sixty percent (60%) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall shall, for each calendar year of Employee's ’s employment by Corporation, beginning with the calendar year 20052007, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's ’s current Management Incentive Plan (short-term Incentive Program) with a target level based on at least 7537.5% of base salarysalary in 2007, 42.5% in 2008 and 50% thereafter. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.

Management Incentive Plan. In addition to the base salary paid to Employee in accordance with Paragraph 5, Corporation shall shall, for each calendar year of Employee's employment by Corporation, beginning with the calendar year 20052001, continue to pay Employee, as performance bonus compensation, an amount determined each year under Corporation's current Management Incentive Plan (shortShort-term Incentive Program) with a target level based on at least seventy-five percent (75% %) of base salary. Nothing in this paragraph shall preclude Employee from receiving additional discretionary bonuses approved by the Chief Executive Officer or the Board.