Document ID: 11212

Text:
3.2 Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Companys annual bonus plan as adopted and approved by the Companys Board of Directors (the Board) or the Compensation Committee of the Board (the Compensation Committee) from time to time. For the fiscal year ongoing as of the Effective Date (FY 18), Executives annual bonus opportunity pursuant to such plan shall equal one hundred seventy-five percent ( 175% ) (the Annual Target Bonus) of the Base Salary and for each subsequent year, equal to the bonus opportunity as established by the Compensation Committee of the Board but no less than one hundred seventy-five percent (175% ) of the Base Salary. For FY18 Executive will receive an Annual Performance Bonus of no less than the pro-rata portion of an Annual Target Bonus. Payment of any bonus earned shall be made in accordance with the terms of the Companys annual bonus plan as in effect for the year for which the bonus is earned.

Named Entities:
65
66
EffectiveDate
79
85
Percentage

Tokenized Text:
3
.
2
Annual
Performance
Bonus
.
The
Executive
shall
participate
each
fiscal
year
during
the
Term
in
the
Companys
annual
bonus
plan
as
adopted
and
approved
by
the
Companys
Board
of
Directors
(
the
Board
)
or
the
Compensation
Committee
of
the
Board
(
the
Compensation
Committee
)
from
time
to
time
.
For
the
fiscal
year
ongoing
as
of
the
Effective
Date
(
FY
18
)
,
Executives
annual
bonus
opportunity
pursuant
to
such
plan
shall
equal
one
hundred
seventy-five
percent
(
175
%
)
(
the
Annual
Target
Bonus
)
of
the
Base
Salary
and
for
each
subsequent
year
,
equal
to
the
bonus
opportunity
as
established
by
the
Compensation
Committee
of
the
Board
but
no
less
than
one
hundred
seventy-five
percent
(
175
%
)
of
the
Base
Salary
.
For
FY18
Executive
will
receive
an
Annual
Performance
Bonus
of
no
less
than
the
pro-rata
portion
of
an
Annual
Target
Bonus
.
Payment
of
any
bonus
earned
shall
be
made
in
accordance
with
the
terms
of
the
Companys
annual
bonus
plan
as
in
effect
for
the
year
for
which
the
bonus
is
earned
.