Common use of Short-Term Incentive Compensation Clause in Contracts

Short-Term Incentive Compensation. Executive will be entitled from time to time to annual short-term incentive compensation which may consist of cash bonuses up to a maximum of 100% of the Executive’s base salary and/or short-term equity awards based on incentive compensation plans or other criteria established by, and payable in the sole discretion of the Board or one of its committees. Unless deferred pursuant to a plan that complies with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), this bonus, if any, will be paid to the Executive no later than two and one-half months following the end of the relevant fiscal year in which the services are performed.

Short-Term Incentive Compensation. Executive will be entitled from time to time to annual short-term incentive compensation which may consist of cash bonuses up to a maximum of 100% of the Executive’s 's base salary and/or short-term equity awards based on incentive compensation plans or other criteria established by, and payable in the sole discretion of the Board or one of its committees. Unless deferred pursuant to a plan that complies with Section 409A of the Internal Revenue Code of 1986, as amended (“"Code”"), this bonus, if any, will be paid to the Executive no later than two and one-half months following the end of the relevant fiscal year in which the services are performed.

Short-Term Incentive Compensation. The Executive will be entitled from time to time to annual receive short-term incentive compensation as described below. The Board will establish, after consultation with Executive, bonus terms under which may consist of cash bonuses up the Executive shall have the opportunity to earn a maximum of 100target bonus based on 40% of the Executive’s base salary and/or short-term equity awards based on incentive compensation plans or other criteria established by, and payable in (the sole discretion of the Board or one of its committees“Target STIP”). There is protentional to earn a higher amount if Executive materially exceeds defined targets. Unless deferred pursuant to a plan that complies with Section section 409A of the Internal Revenue Code of 1986, as amended (“Code”), this bonus, if any, will be paid to the Executive no later than two and one-half months following the end of the relevant fiscal year in which the services are performed.