Document ID: 10181

Text:
(b) Annual Performance Bonus. Executive shall be eligible to receive an annual cash bonus (the Annual Performance Bonus), with the target amount of such Annual Performance Bonus equal to thirty percent ( 30% )of Executives Base salary in the year to which the Annual Performance Bonus relates; provided that the actual amount of the Annual Performance Bonus may be greater or less than such target amount. The amount of the Annual Performance Bonus shall be determined by the Board of Directors or an appropriate committee thereof in its sole discretion, and shall be paid to Executive no later than March15th of the calendar year immediately following the calendar year in which it was earned. Except as provided in Section4, Executive must be employed by Company on the last day of the applicable fiscal year to which the Annual Performance Bonus relates in order to be eligible for, and to be deemed as having earned, such Annual Performance Bonus. Company shall deduct from the Annual Performance Bonus all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Named Entities:
38
39
Percentage

Tokenized Text:
(
b
)
Annual
Performance
Bonus
.
Executive
shall
be
eligible
to
receive
an
annual
cash
bonus
(
the
Annual
Performance
Bonus
)
,
with
the
target
amount
of
such
Annual
Performance
Bonus
equal
to
thirty
percent
(
30
%
)
of
Executives
Base
salary
in
the
year
to
which
the
Annual
Performance
Bonus
relates
;
provided
that
the
actual
amount
of
the
Annual
Performance
Bonus
may
be
greater
or
less
than
such
target
amount
.
The
amount
of
the
Annual
Performance
Bonus
shall
be
determined
by
the
Board
of
Directors
or
an
appropriate
committee
thereof
in
its
sole
discretion
,
and
shall
be
paid
to
Executive
no
later
than
March15th
of
the
calendar
year
immediately
following
the
calendar
year
in
which
it
was
earned
.
Except
as
provided
in
Section4
,
Executive
must
be
employed
by
Company
on
the
last
day
of
the
applicable
fiscal
year
to
which
the
Annual
Performance
Bonus
relates
in
order
to
be
eligible
for
,
and
to
be
deemed
as
having
earned
,
such
Annual
Performance
Bonus
.
Company
shall
deduct
from
the
Annual
Performance
Bonus
all
amounts
required
to
be
deducted
or
withheld
under
applicable
law
or
under
any
employee
benefit
plan
in
which
Executive
participates
.