Bonus Opportunity. The Company shall maintain an incentive bonus compensation plan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in . Such plan will include an annual bonus target amount equal to at least ; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Bonus Opportunity. The CompanyAnnual Bonus. Executive shall maintain an incentive bonus compensation plan similaralso be eligible to receive, in addition to the Company’s Annual Executive Bonus Plan, approved by the shareholders in . Such plan will includeBase Salary, an annual bonus having a target amount equal to at least ; if any amount55% of such bonus is payable underExecutive's Base Salary ("Target Bonus"), with the terms of a plan, it shall be in addition to Executive’s annual base salary. The actual amount of any bonus payable to Executive in any year shall bebeing determined by the Compensation Committee of the Board orin its discretion taking into account the Committee based uponCompany's performance criteria set forth in advance underand Executive's individual performance. In order to receive a Target Bonus, Executive must be employed by Employer on the date the bonus plan and Executive’s achievement of such performance criteria.is paid.
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