Common use of Incentive Compensation Arrangements Clause in Contracts

Incentive Compensation Arrangements. The Executive’s annual on-target bonus for each fiscal year shall be fifty percent (50%) of the Executive’s Base Salary (the “Target Bonus”). The Parties agree that the performance criteria applicable to the Executive’s annual on-target bonus for fiscal year 2009 shall be developed by the Board, in consultation with the Executive, within forty-five days (45) days after the Effective Date, subject to review and approval by the entire Board. The bonus for 2009 shall be based on the full year and not prorated as a result of the Effective Date.

Incentive Compensation Arrangements. The Executive’s annual on-target bonus for each fiscal year shall be fifty one hundred-percent (50100%) of the Executive’s Base Salary (the “Target Bonus”). The Parties agree that the performance criteria applicable to the Executive’s annual on-target bonus for fiscal year 2009 shall be developed by the Board, in consultation with the Executive, within forty-five days (45) days after the Effective Date, subject to review and approval by the entire Board. The bonus for 2009 shall be based on the full year and not prorated as a result of the Effective Date.