Example ContractsClausesannual performance bonusVariants
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Annual Bonus. In addition to the Base Salary, the Executive shall have the opportunity annually to earn as a bonus ninety percent (90%) of his Base Salary (the “Target Award Opportunity”). In determining the actual bonus earned each year by the Executive (the “Annual Bonus”), the HR Committee, in consultation with the Executive, shall have the discretion to increase the Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunder shall be payable to the Executive no later than the 15th day of the third month following the end of the year to which the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).

Annual Bonus. In addition toDuring the Base Salary,Employment Period, the Executive shall havebe eligible to receive an annual target bonus (a “Bonus”) if, as reasonably determined by the opportunityBoard or, to the extent delegated by the Board, the Committee one or more of the performance targets annually to earn as a bonus ninetydetermined by the Board or the Committee (“Performance Targets”) is achieved. If all of the Performance Targets are achieved, the Bonus will equal not less than 40 percent (90%) of histhe Executive’s Base Salary (the “Target Award Opportunity”Bonus). In determining the actual bonus earned each yearevent that less than all of the Performance Targets are met by Executive, the Bonus paid in respect of this paragraph may be less than the Target Bonus. Except as set forth in Section 5(a) hereof, the Executive must be employed by the Executive (the “Annual Bonus”),Company on the HR Committee, in consultation with the Executive, shall have the discretion to increase the Annualday any such earned Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determinationis paid which shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunder shall be payable to the Executive nonot later than the 15th day of the third month following2½ months after the end of each calendar year. The Executive’s target bonus opportunity as a percentage of Base Salary may be reviewed periodically and adjusted in the yearsole discretion of the Board. After any such adjustment, the term “Target Bonus” shall refer to which the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).increased amount.

Annual Bonus. InExecutive shall also be eligible to receive, in addition to the Base Salary, the Executive shall have the opportunity annuallyan annual bonus having a target amount equal to earn as a bonus ninety percent (90%)55% of hisExecutive's Base Salary (the “Target Award Opportunity("Target Bonus"). In determining, with the actual bonus earned each yearamount being determined by the Executive (the “Annual Bonus”), the HR Committee, in consultation with the Executive, shall have the discretion to increase the Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessmentCompensation Committee of the performance of both the Executive and the CompanyBoard in its discretion taking into consideration suchaccount the Company's performance goals as mayand Executive's individual performance. In order to receive a Target Bonus, Executive must be establishedemployed by Employer on the HR Committee periodically in consultation withdate the Executive. Any Annual Bonus due hereunder shall be payable to the Executive no later than the 15th day of the third month following the end of the year to which the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).bonus is paid.

Annual Bonus. In addition toDuring the Base Salary,Term, the Executive shall havebe entitled to participate in the opportunity annuallyCompany’s executive bonus plan, under which a discretionary bonus (the “Annual Bonus”) may be awarded by the Board for each calendar year, payable in cash in accordance with, and subject to earn asthe terms and conditions of, the Company’s then applicable short-term bonus or other cash incentive program (each, a “Bonus Program”). The Executive’s aggregate target bonus ninety percent (90%award for each calendar year will be 30% of his then Base Salary (the “Target Annual Bonus”). The Executive’s actual Annual Bonus may range from a minimum amount of 0% to a maximum of 30% of his Base Salary (the “Target Award Opportunity”). In determining the actual bonus earned each yearSalary, and will be determined by the Executive (the “Annual Bonus”),Company and will be contingent upon the HR Committee,attainment of performance goals reasonably established in consultation withgood faith by the Executive, shall have the discretion to increase theCompany. The target date for any Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunder shall becompensation payable to the Executive no later than the 15th dayshall be March 15 of the third monthcalendar year following the end of thecalendar year to which such Annual Bonus relates, subject to the approvals required above. Such Annual Bonuses, if any, are awarded in part to incentivize the Executive to remain in the Company’s employ, therefore it is a condition of any award that the Executive remain employed by the Company through the date the Annual Bonus relates (subject to a reasonable delayis paid, except as set forth in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).Section 5 herein.

Annual Bonus. In addition to the Base Salary, the Executive shall have the opportunity annuallyis eligible to earn as a target annual bonus ninety percent (90%) of his100% of Executive’s Base Salary (the “Target Award Opportunity”). In determining the actual bonus earned each yearbased upon achievement of performance objectives to be determined by the Committee in its sole discretion after conferring with Executive and payable upon achievement of those applicable objectives, subject to minimum and maximum limits as established by the Committee (the Annual Bonus“Annual Bonus”),. If the HR Committee, in consultation withits sole discretion, determines the Executive, shall have the discretion to increaseapplicable performance objectives are achieved in a manner that would result in a payment of the Annual Bonus above(or portion thereof), such amount will be paid when practicable after the Committee determines the relevant performance objectives have been achieved, subject to Executive being employed on the date of payment; provided, however, that if the Employment Term is not extended as a result of a notice from the Company or decreaseExecutive to the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determinationother, Executive only shall be based upon an assessmentrequired to be employed on the last day of a performance period in order to be eligible for the annual bonus for such performance of both the Executiveperiod and the Company taking into considerationannual bonus for such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunderperiod shall be payable to the Executivepaid no later than the 15th day of the third month2 1⁄2 months following the end of such performance period . The Committee may modify the year to which thestructure and performance objectives used for Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).determinations.

Annual Bonus. In addition to thehis Base Salary, theCompensation, Executive shall have the opportunity annuallybe eligible to earn as a bonus ninety percent (90%) of his Base Salary (the “Target Award Opportunity”). In determining the actual bonus earnedreceive each year during the Term, a cash incentive payment (“Bonus”) in an amount determined by the Executive (the “Annual Bonus”), the HR Committee, in consultation with the Executive, shall have the discretion to increase the Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’Board based on Executive’s determination shall be based upon an assessment ofindividual performance, the performance of both the ExecutiveCompany and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any AnnualBoard. The target Bonus due hereunder shall be payablean amount equal to 75% of Executive’s Base Compensation in effect at the Executive notime the Bonus is determined (“Target Bonus”). Such Bonus, if any, shall be paid not later than the 15th dayMarch 15 of the third monthcalendar year following the endcalendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year toduring which the Annual Bonus relates (subjectis earned to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to makereceive any part of the payment by such time).Bonus payment.

Annual Bonus. In addition toExecutive will have an annual bonus opportunity for each fiscal year of the Base Salary,Company based on the Executiveachievement of financial and performance objectives set by the Committee (“Bonus Opportunity”). The annual Bonus Opportunity and specific performance and financial objectives will be set forth in Executive’s individual performance and incentive plan for each fiscal year. Executive’s annual Bonus Opportunity at target levels for any year shall have the opportunity annually to earn as a bonus ninety percent (90%)not be less than 125% of his then-current Base Salary for such year (the “Target AwardBonus Opportunity”). In determiningExecutive must be an active employee on the actualdate the annual bonuses are paid on a Company-wide basis in order to be eligible to receive any bonus earned each year by the Executive (the “Annual Bonus”)payment (except as otherwise expressly provided in § 8), the HR Committee,unless # Executive’s employment terminates following a failure to extend his Employment Period in consultationaccordance with the Executive, shall have the discretion to increase the Annual Bonus above§ 3, # his employment terminates at or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunder shall be payable to the Executive no later than the 15th day of the third month followingafter the end of the applicable fiscal year toand # he satisfies all or substantially all of the performance requirements (other than continued service) for a bonus for such fiscal year, in which event he shall be eligible for a bonus as determined by the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to makeCommittee, and such bonus, if any, shall be paid no later than two and one-half (2½) months after the payment byend of such time).fiscal year.

Annual Bonus. In additionExecutive will be eligible for an annual discretionary bonus of up to % of Executive’s Base Salary. Executive’s annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the Base Salary, the Executive shall have the opportunity annually to earn as a bonus ninety percent (90%)amount of his Base Salary (the “Target Award Opportunity”). In determining the actual bonus earned each yearany such annual bonus, will be determined by the Executive (the “Annual Bonus”),Board in its sole discretion based upon the HR Committee,Company’s and Executive’s achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the Executive, shall haveapplicable bonus year, and Executive must be an active employee on the discretion to increase thedate any Annual Bonus above or decrease theis paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus below(including a prorated bonus) if Executive’s employment terminates for any reason before the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Anydate Annual Bonus due hereunder shall be payable to the Executive no later than the 15th day of the third month following the end of the year to which the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).Bonuses are paid.

Annual Bonus. In addition to theAnnual Base Salary, the Executive shall havebe awarded, for each fiscal year ending during the opportunity annuallyEmployment Period, an annual bonus in cash at least equal to earn as athe highest cash bonus ninety percent (90%) of his Base Salary (the “Target Award Opportunity”). In determiningpaid to the actual bonus earned each yearExecutive by the Company and its affiliated companies in respect of the ten fiscal years (or such shorter period during which the Executive (the “Annual Bonus”),has been employed by the HR Committee,Company) immediately preceding the fiscal year in consultationwhich the Effective Date occurs (annualized for any fiscal year during such period consisting of less than twelve full months or with respect to which the Executive, shall haveExecutive has been employed by the discretionCompany for less than twelve full months) (referred to increaseherein as the "Annual Bonus"). Each such Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’s determination shall be based upon an assessment of the performance of both the Executive and the Company taking into consideration such performance goals as may be established by the HR Committee periodically in consultation with the Executive. Any Annual Bonus due hereunder shall be payable to the Executivepaid no later than the 15th dayend of the third month of the fiscal year next following the end of thefiscal year tofor which the Annual Bonus relates (subjectis awarded, unless the Executive shall elect to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to makedefer the payment byreceipt of such time).Annual Bonus.

Annual Bonus.Incentive Compensation. In addition to the Base Salary, the Executive shall have the opportunity annuallybe eligible to earn as aan annual performance cash bonus ninety percent (90%) of hisup to 35% of Base Salary (the “Target Award Opportunity”). In determiningSalary, less applicable employment taxes and payroll deductions. This bonus is contingent upon the actual bonus earned each year by the Executive (the “Annual Bonus”), the HR Committee, in consultation with the Executive, shall have the discretion to increase the Annual Bonus above or decrease the Annual Bonus below the Target Award Opportunity for that year. In so doing, the HR Committee’Executive’s determination shall be based upon an assessmentachievement of the performance of both the Executive and the Company taking into consideration such performance goals as mayfor the applicable annual bonus period. Executive’s annual performance goals shall be established by the HRBoard of Directors (or if authority is delegated by the Board, the Compensation Committee periodically in consultation withof the Executive. Any Annual Bonus due hereunderBoard of Directors) within ninety (90) days of the beginning of each such year. The achievement of any performance goals shall be payabledetermined by the Board of Directors (or if authority is delegated by the Board, the Compensation Committee of the Board of Directors). Subject to the provisions of Section 7 of this Agreement regarding payments in connection with termination of employment, in order to be eligible to receive the annual bonus pursuant to this Section 4.2, Executive no later thanmust be employed on the 15thlast day of the third month followinggiven year for which the endbonus amount is earned. Payment of each annual bonus shall be made in a lump sum payment not later than March 15 of the year tofollowing the year for which the Annual Bonus relates (subject to a reasonable delay in payment due to an unforeseeable event making it administratively impracticable to make the payment by such time).bonus is earned.

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