Common use of Short Term Incentive Bonuses Clause in Contracts

Short Term Incentive Bonuses. The Executive shall be eligible to be considered for annual incentive bonuses. Such bonuses shall be awarded based on objective or subjective criteria established in advance by the Board or Compensation Committee, in its sole discretion. Any and all awards will be approved by the Compensation Committee.

Short Term Incentive Bonuses. The Executive shall be eligible to be considered for annual incentive bonuses. Such bonuses shall be awarded based on objective or subjective criteria established in advance by the Board or Compensation CommitteeCommittee of the Board, in its sole discretion. Any and all awards will be approved by the Compensation CommitteeBoard. If provided in section 10 below, upon termination of employment, the Executive will be eligible to receive a prorated bonus based upon the portion of the year employed.