Common use of Target Incentive Pay Clause in Contracts

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for each of the 2007 and 2008 fiscal years of the Company shall be as follows: Six Hundred Fifty Thousand Dollars ($650,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. For the 2007 fiscal year, Employee’s Target Incentive Pay, if earned, shall be prorated for the amount of time remaining in the Company’s 2007 fiscal year by dividing the actual number of days of Employee’s employment with the Company during fiscal 2007 by the total number of days in the Company’s fiscal 2007. After 2008, the Target Incentive Pay for Employee will be set by the Board of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year. The Company agrees to establish Employee’s specific financial and performance goals for each Annual Incentive Plan prior to the start of any applicable performance measurement period.

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for each of the 2007 and 2008 fiscal years year of the Company shall be as follows: Six One Hundred Fifty Eighty Thousand Dollars ($650,000180,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. For the 2007 2008 fiscal year, Employee’s Target Incentive Pay, if earned, shall be prorated for the amount of time remaining in the Company’s 2007 2008 fiscal year by dividing the actual number of days of Employee’s employment with the Company hereunder during fiscal 2007 2008 by the total number of days in the Company’s fiscal 20072008. After 2008, the Target Incentive Pay for Employee will be set by the Board of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year. The Company agrees to establish Employee’s specific financial and performance goals for each Annual Incentive Plan prior to the start of any applicable performance measurement period.

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for each of the 2007 and 2008 2011 fiscal years year of the Company shall be as follows: Six Sixty Percent (60%) of Employee’s Base Salary, or Two Hundred Fifty and Four Thousand Dollars ($650,000204,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. For the 2007 2011 fiscal year, Employee’s Target Incentive Pay, if earned, Pay shall be paid and prorated for the amount of time remaining in the Company’s 2007 2011 fiscal year by dividing the actual number of days of Employee’s employment with the Company hereunder during fiscal 2007 2011 by the total number of days in the Company’s fiscal 20072011. After 20082011, the Target Incentive Pay for Employee will be set by the Board of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year. The Company agrees to establish Employee’s specific financial and performance goals for each Annual Incentive Plan prior to the start of any applicable performance measurement period.