Common use of Performance Incentive Plan Clause in Contracts

Performance Incentive Plan. It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans"). Such Senior Management Incentive Plans shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits. Executive shall be eligible to become a named participant to such Senior Management Incentive Plans. It is the further intention of the parties that said Senior Management Incentive Plan provide for awards to participants based on the achievement of various specified metrics and milestones established in the business plans for the business adopted and approved by Company's Board on behalf of Company, as amended from time to time, and based further on the overall profitability of the business, the participants' performances, the general financial condition of Company, and other such factors as Company's Board may deem relevant. Such Senior Management Incentive Plan shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.

Performance Incentive Plan. It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans"). Such Senior Management Incentive Plans shall will be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits. Executive shall will be eligible to become a named participant to such Senior Management Incentive Plans. It is the further intention of the parties that said Senior Management Incentive Plan Plans provide for awards to participants based on the achievement of various specified metrics and milestones established in the business plans for the business adopted and approved by Company's Board on behalf of Company, as amended from time to time, and based further on the overall profitability of the business, the participants' performances, the general financial condition of Company, and other such factors as Company's Board may deem relevant. Such Senior Management Incentive Plan shall Plans will be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.

Performance Incentive Plan. It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans"). Such Senior Management Incentive Plans shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits. Executive Consultant shall be eligible to become a named participant to such Senior Management Incentive Plans. It is the further intention of the parties that said Senior Management Incentive Plan provide for awards to participants based on the achievement of various specified metrics and milestones established in the business plans for the business adopted and approved by Company's Board on behalf of Company, as amended from time to time, and based further on the overall profitability of the business, the participants' performances, the general financial condition of Company, and other such factors as Company's Board may deem relevant. Such Senior Management Incentive Plan shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.

Performance Incentive Plan. It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans"). Such Senior Management Incentive Plans shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits. Executive shall be eligible to become a named participant to such Senior Management Incentive Plans. It is the further intention of the parties that said Senior Management Incentive Plan provide for awards to participants based on the achievement of various specified metrics and milestones established in the business plans for the business adopted and approved by Company's Board on behalf of Company, as amended from time to time, and based further on the overall profitability of the business, the participants' performances, the general financial condition of Company, and other such factors as Company's Board may deem relevant. Such Senior Management Incentive Plan shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.terms