Annual Bonus. An annual cash bonus award opportunity, equal to at least the annual cash bonus award opportunity in effect immediately prior to the Change in Control. Any annual bonus earned by the Executive shall be paid to him after the end of the fiscal year to which it relates; provided that in no event shall the Executive’s annual bonus be paid later than March 15 of the fiscal year following the fiscal year for which it was earned.
Annual Bonus. AnIn addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash bonus award opportunity,at least equal to at least the Executive’s target annual cash bonus award opportunityunder the Company’s Annual Incentive Bonus Program, or any comparable bonus under any predecessor or successor plan, for the fiscal year in effect immediatelywhich the Change of Control Date occurs, which shall be calculated as follows: # the target bonus percentage as established by the Board prior to the Change of Control Date for the fiscal year in Control. Any annualwhich the Change of Control Date occurs, multiplied by # the Executive’s Annual Base Salary (the “Recent Annual Bonus”). In the event that, prior to the Change of Control Date, the Executive’s target bonus earnedpercentage has not been established by the ExecutiveBoard under the Annual Incentive Bonus Program or any comparable bonus under any predecessor or successor plan, then for purposes of this Agreement, the Executive’s Recent Annual Bonus shall be calculated by using the target bonus percentage for the other executives in the Executive’s peer group (determined based on title, responsibilities and duties) who are parties to a Key Employee Change of Control Contract with the Company. Such Annual Bonus shall be paid to him after the endno later than January 31 of the fiscal year to which it relates; provided that in no event shall the Executive’s annual bonus be paid later than March 15 of the fiscal yearnext following the fiscal year for which it was earned.the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus in accordance with procedures established by the Company that comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Annual Bonus. An annual cash bonus award opportunity,In addition to Base Salary, the Executive will be eligible to earn a Bonus for each fiscal year ending during the Protected Period. For each such Bonus, the Target Opportunity will be at least equal to at least the annual cash bonus awardtarget opportunity for which the Executive is eligible for the fiscal year in effect immediately prior towhich the Change in Control. AnyControl occurs, as such target opportunity has been established by the Company for such year under the Company’s annual bonus earnedplan, or any comparable successor plan. If the Company has not yet established a Target Opportunity for the Executive for the fiscal year in which the Change in Control occurs, then the Target Opportunity shall be at least equal to the last such target opportunity established by the Executive shallCompany for the Executive. Each such Bonus will be paid to him afterno later than 2-1/2 months following the end of the fiscal year for which the Bonus is awarded, unless the Executive has elected to which it relates; provided that in no event shall the Executive’s annual bonus be paid later than March 15defer receipt of all or part of the fiscal year followingBonus pursuant to a deferral plan sponsored by the fiscal year for which it was earned.Company.
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