Common use of Incentive Plan Clause in Contracts

Incentive Plan. During the term of the Employee’s employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the “Annual Incentive Plan”) and paid a bonus (“Bonus”) pursuant thereto. The Employee’s “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary. Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 3 contracts

Sources: Employment Agreement, Employment Agreement, Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the “Annual Incentive Plan”) and paid will be eligible for a bonus (“Bonus”) pursuant thereto. The Employee’s “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 2 contracts

Sources: Executive Non Competition Agreement, Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s 's employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the “Annual Incentive Plan”) ), and paid a bonus (“Bonus”) pursuant thereto. The Employee’s 's “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by the Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s 's employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the "Annual Incentive Plan") and paid a bonus ("Bonus") pursuant thereto. The Employee’s “'s "target bonus percentage" for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 2 contracts

Sources: Employment Agreement (Richardson Electronics LTD/De), Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s 's employment hereunder, the Employee shall be a participant in the Corporate Sales Incentive Plan, as modified from time to time (the "Annual Incentive Plan") and paid a bonus (“Bonus”) pursuant thereto. The Employee’s “'s "target bonus percentage" for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 1 contract

Sources: Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the “Annual Incentive Plan”) and paid a bonus (“Bonus”) pursuant thereto. The Employee’s “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 1 contract

Sources: Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s employment hereunder, the Employee shall be a participant in the Corporate Incentive Bonus Plan, as modified from time to time (the “Annual Incentive Plan”) and paid a bonus (“Bonus”) pursuant thereto. The Employee’s “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty twenty-five percent (5025%) of the Base Salary). Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 1 contract

Sources: Employment Agreement (Richardson Electronics LTD/De)

Incentive Plan. During the term of the Employee’s employment hereunder, the Employee shall be a participant in the Corporate Incentive Plan, as modified from time to time (the “Annual Incentive Plan”) and paid will be eligible for a bonus (“Bonus”) pursuant thereto. The Employee’s “target bonus percentage” for purposes of the Annual Incentive Plan shall be fifty percent (50%) of the Base Salary. Such Bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer the Compensation Committee of Employer’s Board of Directors at its discretion, and for any partial fiscal year the Bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.

Appears in 1 contract

Sources: Employment Agreement (Richardson Electronics LTD/De)