Common use of Targets Clause in Contracts

Targets. Prior to the end of each calendar year, the Board's Compensation Committee shall approve the performance targets (the "Targets") upon which the Employee's Incentive Bonus for the following year will be based with respect to each of the criteria described in the Bonus Structure, except that the Targets for 1998 have been approved by the Board's Compensation Committee as of the date hereof. The Targets for 1998 are as described in Exhibit B, which is hereby incorporated as part of this Agreement. The Targets for each of such criteria in each subsequent calendar year shall, after approval by the Board's Compensation Committee, be attached hereto as Exhibit B as a substitute for the previous years' Targets, and shall become a part of this Agreement for such calendar year.