Example ContractsClausesannual incentive awards.Variants
Annual Incentive Awards.
Annual Incentive Awards. contract clause examples

Annual Incentive. During the Term, you will be eligible to participate in the Company’s Executive Incentive Plan (the “EIP”) as in effect from time to time. Under the EIP, you will have the opportunity to earn an annual target cash bonus of 30% of your Base Salary (based on market data and as approved by the Board or a committee thereof) based upon your achievement of applicable performance objectives as determined in the sole discretion of the Board or a committee thereof.

Annual Incentive. 1">During the Term, you1">You will be eligible to participate in the Company’s Executive Incentive Plan (the “EIP”) as in effect from time to time. Under the EIP, you will have the opportunity to earn an annual target cash bonus of 3">30%3">40% of your Base Salary 5">(based on market data and5">(or such other percentage as7"> approved by the Board or a committee 9">thereof)9">thereof may establish from time to time), in accordance with the terms thereof, based upon your achievement of applicable performance objectives as determined in the sole discretion of the Board 11">or11">(or a committee 13">thereof.13">thereof). Your annual bonus, to the extent earned under the EIP, will be paid not later than March 31 of the fiscal year following the fiscal year of performance. You will not be entitled to a bonus for any particular year unless you are employed on the date such bonus is paid (unless otherwise provided herein or in the EIP).

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