Example ContractsClausesconditions to receipt of annual bonusVariants
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Annual Bonus. 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 the target opportunity for which the Executive is eligible for the fiscal year in which the Change in Control occurs, as such target opportunity has been established by the Company for such year under the Company’s annual bonus plan, 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 Company for the Executive. Each such Bonus will be paid no 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 defer receipt of all or part of the Bonus pursuant to a deferral plan sponsored by the Company.

Annual Bonus. In addition to Annual Base Salary, the Executive willshall be eligible to earn a Bonusawarded, for each fiscal year ending during the Protected Period. For each such Bonus, the Target Opportunity will beEmployment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to the Executive’s target opportunity for whichannual bonus under the Executive is eligibleCompany’s Annual Incentive Bonus Program, or any comparable bonus under any predecessor or successor plan, for the fiscal year in which the Change inof Control Date occurs, which shall be calculated as suchfollows: # the target opportunity has beenbonus percentage as established by the Company for such year underBoard prior to the Company’s annual bonus plan, or any comparable successor plan. If the Company has not yet established a Target Opportunity for the ExecutiveChange of Control Date for the fiscal year in which the Change inof Control Date occurs, thenmultiplied by # the Target Opportunity shall be at least equalExecutive’s Annual Base Salary (the “Recent Annual Bonus”). In the event that, prior to the last suchChange of Control Date, the Executive’s target opportunitybonus percentage has not been established by the CompanyBoard 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 Executive. Each suchother 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 willshall be paid no later than 2-1/2 monthsJanuary 31 of the fiscal year next following the end of the fiscal year for which the Annual Bonus is awarded, unless the Executive has electedshall elect to defer the receipt of all or partsuch Annual Bonus in accordance with procedures established by the Company that comply with the requirements of Section 409A of the Bonus pursuant to a deferral plan sponsored by the Company.Internal Revenue Code of 1986, as amended (the “Code”).

Annual Bonus. In additionAn annual cash bonus award opportunity, equal 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 equalthe annual cash bonus award opportunity in effect immediately prior to the target opportunity for which the Executive is eligible for the fiscal year in which the Change in Control occurs, as such target opportunity has been establishedControl. Any annual bonus earned by the Company for such year under the Company’s annual bonus plan, 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 equalpaid to the last such target opportunity established by the Company for the Executive. Each such Bonus will be paid no later than 2-1/2 months followinghim 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 the Bonus is awarded, unless the Executive has elected to defer receipt of all or part of the Bonus pursuant to a deferral plan sponsored by the Company.it was earned.

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