Common use of Target Bonus Plan Clause in Contracts

Target Bonus Plan. During the Term, the Company shall maintain and the Executive shall be entitled to participate in an annual incentive bonus plan open to senior employees and certain other employees of the Company (the "Target Bonus Plan"), which will provide for the payment of cash bonuses to participants within 90 days of the end of each fiscal year. Under the Target Bonus Plan, the Executive will be eligible to earn a target bonus (the "Target Bonus") each year of not less than 175% of the Executive's Base Salary for such year. Criteria for earning the Target Bonus will be established by the Compensation Committee based on the Company's financial performance, the Executive's contributions to the Company and other appropriate factors. The amount of the Target Bonus earned will be based on the performance of the Company and the Executive against such criteria as well as other factors deemed relevant by the Compensation Committee. The establishment of such criteria and the necessary standards of performance for partial or full earning of the Target Bonus shall be at the sole discretion of the Compensation Committee.

Target Bonus Plan. During the Term, the Company shall maintain and the Executive shall be entitled to participate in an annual incentive bonus plan open to senior employees and certain other employees of the Company (the "Target Bonus Plan"), which will provide for the payment of cash bonuses to participants within 90 days of the end of each fiscal year. Under the Target Bonus Plan, the Executive will be eligible to earn a target bonus (the "Target Bonus") each year of not less than 175150% of the Executive's Base Salary for such year. Criteria for earning the Target Bonus will be established by the Compensation Committee based on the Company's financial performance, the Executive's contributions to the Company and other appropriate factors. The amount of the Target Bonus earned will be based on the performance of the Company and the Executive against such criteria as well as other factors deemed relevant by the Compensation Committee. The establishment of such criteria and the necessary standards of performance for partial or full earning of the Target Bonus shall be at the sole discretion of the Compensation Committee.

Target Bonus Plan. During the Term, the Company shall maintain and the Executive shall be entitled to participate in an annual incentive bonus plan open to senior employees and certain other employees of the Company (the "“Target Bonus Plan"”), which will provide for the payment of cash bonuses to participants within 90 days of the end of each fiscal year. Under the Target Bonus Plan, the Executive will be eligible to earn a target bonus (the "“Target Bonus"”) each year of not less than 175150% of the Executive's ’s Base Salary for such year. Criteria for earning the Target Bonus will be established by the Compensation Committee based on the Company's ’s financial performance, the Executive's ’s contributions to the Company and other appropriate factors. The amount of the Target Bonus earned will be based on the performance of the Company and the Executive against such criteria as well as other factors deemed relevant by the Compensation Committee. The establishment of such criteria and the necessary standards of performance for partial or full earning of the Target Bonus shall be at the sole discretion of the Compensation Committee.

Target Bonus Plan. During the Term, the Company shall maintain and the Executive shall be entitled to participate in an annual incentive bonus plan open to senior employees and certain other employees of the Company (the "“Target Bonus Plan"”), which will provide for the payment of cash bonuses to participants within 90 days of the end of each fiscal year. Under the Target Bonus Plan, the Executive will be eligible to earn a target bonus (the "“Target Bonus"”) each year of not less than 175140% of the Executive's ’s Base Salary for such year. Criteria for earning the Target Bonus will be established by the Compensation Committee based on the Company's ’s financial performance, the Executive's ’s contributions to the Company and other appropriate factors. The amount of the Target Bonus earned will be based on the performance of the Company and the Executive against such criteria as well as other factors deemed relevant by the Compensation Committee. The establishment of such criteria and the necessary standards of performance for partial or full earning of the Target Bonus shall be at the sole discretion of the Compensation Committee.