Common use of Bonus and Incentive Programs Clause in Contracts

Bonus and Incentive Programs. Executive shall receive an annual bonus in respect of the fiscal year of the Corporation ending December 31, 2001, in such amount as shall be determined by the Board or by the Compensation Committee of the Board. In addition to the Base Salary and bonus payable as hereinabove provided. Executive shall be entitled to participate during the Employment Period in all incentive programs applicable to other key executives of the Corporation.

Bonus and Incentive Programs. Executive shall receive an annual bonus in respect of the first fiscal year of the Corporation (a "Fiscal Year") ending during the Employment Period (i.e., the fiscal year ended December 31, 20011999) in the amount of one dollar ($1), and for each fiscal year thereafter ending during the Employment Period, in such amount as shall be determined by the Board or by the Compensation Committee of the Board. In addition to the Base Salary and bonus payable as hereinabove provided. , Executive shall be entitled to participate during the Employment Period in all incentive programs applicable to other key executives of the Corporation.