Common use of Synergy Bonus Clause in Contracts

Synergy Bonus. At the beginning of each of the calendar years, the Board (or the Compensation Committee thereof) shall establish target goals for the synergies to be attained as a result of the integration of the Household Products Business (the "Synergy Goals"). Not later than 90 days after the end of each such year in which the portion of the Synergy Goals achieved are at least equal to 75%, the Employee shall be paid a cash bonus (the "Synergy Bonus") equal to a percentage of his Annual Base Salary to be determined as follows:

Synergy Bonus. At the beginning of each of the calendar yearsyears beginning in 1999, the Board (or the Compensation Committee thereof) shall establish target goals for (the "Synergy Goals")for the synergies to be attained as a result of the integration of the business of Household Products Business Products, Inc. (the "Synergy GoalsHPG Business") into Windmere-Durable Holdings, Inc., the parent corporation of the Company ("Windmere"). Not later than 90 days after the end of each such year in which the portion of the Synergy Goals achieved are at least equal to 75%, the Employee shall be paid a cash bonus (the "Synergy Bonus") equal to a percentage of his Annual Base Salary to be determined as follows:bonus