Common use of Year End Bonus Clause in Contracts

Year End Bonus. The Executive will participate in the Corporation’s annual bonus program, with any awards dependent on the performance of the Executive and the Corporation. The target cash bonus for the Executive will be seventy percent

Year End Bonus. The Executive will participate in the Corporation’s annual bonus program, with any awards dependent on the performance of the Executive and the Corporation. The target cash Executive’s annual “target” bonus for the Executive will be seventy percent30% of his annual base salary, but his actual bonus may be higher or lower based upon his and the Corporation’s achievement of specified goals and objectives. The goals and objectives that govern Executive’s annual bonus determination will be agreed upon in writing by Executive and the Corporation within 30 days following the start of each year.