Common use of Target Variable Compensation Clause in Contracts

Target Variable Compensation. Each year, you will be eligible to earn an annual performance- based variable compensation amount based on the achievement of corporate performance goals established by the Company and subject to approval by the Committee and individual performance goals and objectives, with the target amount for such variable compensation established in the Company's annual executive bonus plan (the “Target Variable Compensation"). For 2024, your Target Variable Compensation shall be 100% of your annual base salary prorated from the Effective Date, subject to the achievement of the corporate and individual performance goals and objectives. Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee. In order to earn and be paid such variable compensation, you must remain an active employee throughout the full-time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution. Any earned Target Variable Compensation shall be paid within thirty (30) days following its determination and approval by the Committee.

Target Variable Compensation. Each year, you will be eligible to earn an annual performance- performance-based variable compensation amount based on the achievement of corporate and individual performance goals established by the Company and subject to approval by the Committee and individual performance goals and objectivesCommittee, with the target amount for such variable compensation established in the Company's annual executive bonus incentive compensation plan (the “Target Variable Compensation"). For 20242016, your Target Variable Compensation shall is One Hundred and Seventy-Five Thousand Dollars ($175,000), and will be 100% of prorated based on your annual base salary prorated from actual service period for the Effective Date, subject to the achievement of the corporate and individual performance goals and objectives. year.) Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee. In order to earn and be paid such variable compensation, you You must remain an active employee throughout the full-full time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution, in order to earn and be paid any such compensation amount. Any earned Target Variable Compensation Compensation, shall be paid within thirty (30) days following its determination and approval by the Committee.

Target Variable Compensation. Each year, you will be eligible to earn an annual performance- performance-based variable compensation amount based on the achievement of corporate performance goals established by the Company and individual performance goals and objectives and subject to approval by the Committee and individual performance goals and objectivesCommittee, with the target amount for such variable compensation established in the Company's annual executive bonus plan (the “Target Variable Compensation"). For 20242023, your Target Variable Compensation shall be 100% of your annual base salary prorated from the Effective Datesalary, subject to the achievement of the corporate and individual performance goals and objectivesobjectives and subject to proration based on your actual service period for the year. Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee. In order to earn and be paid such variable compensation, you must remain an active employee throughout the full-time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution. Any earned Target Variable Compensation shall be paid within thirty (30) days following its determination and approval by the Committee.

Target Variable Compensation. Each year, you Executive will be eligible to earn an annual performance- performance-based variable compensation amount based on the achievement of corporate and individual performance goals established by the Company and subject to approval by the Committee and individual performance goals and objectivesCommittee, with the target amount for such variable compensation established in the Company's ’s annual executive bonus incentive compensation plan (the “Target Variable Compensation"”). For 20242015, your the Target Variable Compensation annualized is two hundred thirty thousand dollars ($230,000.00), the final determination and approval of which shall be 100% of your annual base salary prorated from the Effective Date, subject to the achievement discretion of the corporate and individual performance goals and objectivesCommittee. Your 2015 actual bonus target will be prorated based on your actual service period of the year. Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee. In order to earn and be paid such variable compensation, you Executive must remain an active employee throughout the full-full time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution, in order to earn and be paid any such compensation. Any earned Target Variable Compensation shall be paid within thirty (30) days following its determination and approval by the Committee.

Target Variable Compensation. Each year, you will be eligible to earn an annual performance- performance-based variable compensation amount based on the achievement of corporate performance goals established by the Company and subject to approval by the Committee and individual performance goals and objectives, with the target amount for such variable compensation established in the Company's annual executive bonus plan (the “Target Variable Compensation"). For 20242020, your Target Variable Compensation shall be 100% of your annual base salary prorated from the Effective Datesalary, subject to the achievement of the corporate and individual performance goals and objectivesobjectives and subject to proration based on your actual service period for the year. Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee. In order to earn and be paid such variable compensation, you must remain an active employee throughout the full-time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution. Any earned Target Variable Compensation shall be paid within thirty (30) days following its determination and approval by the Committee.