Document ID: 11427

Text:
(b) Incentive Compensation. The Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Compensation Committee from time to time based upon achievement of corporate goals and the Executives personal goals, in each case as adopted by the Board. The Executives initial target annual incentive compensation shall be 40 percent of the Executives annual base salary . The target annual incentive compensation in effect at any given time is referred to herein as Target Annual Cash Incentive Compensation and the actual Annual Cash Incentive Compensation with respect to any given time is the Annual Cash Incentive Compensation. To avoid doubt, whether incentive compensation is awarded, the criteria governing any incentive compensation, and the amount of any incentive compensation is in the sole discretion of the Board. Except as provided in Section5(a), to earn incentive compensation, the Executive must be employed by the Company on the last day of the calendar year to which the incentive compensation applies. Annual Cash Incentive Compensation shall be paid on or before March15th of the calendar year following the year for which the bonus was earned.

Named Entities:
60
61
Percentage

Tokenized Text:
(
b
)
Incentive
Compensation
.
The
Executive
shall
be
eligible
to
receive
annual
cash
incentive
compensation
as
determined
by
the
Board
or
the
Compensation
Committee
from
time
to
time
based
upon
achievement
of
corporate
goals
and
the
Executives
personal
goals
,
in
each
case
as
adopted
by
the
Board
.
The
Executives
initial
target
annual
incentive
compensation
shall
be
40
percent
of
the
Executives
annual
base
salary
.
The
target
annual
incentive
compensation
in
effect
at
any
given
time
is
referred
to
herein
as
Target
Annual
Cash
Incentive
Compensation
and
the
actual
Annual
Cash
Incentive
Compensation
with
respect
to
any
given
time
is
the
Annual
Cash
Incentive
Compensation
.
To
avoid
doubt
,
whether
incentive
compensation
is
awarded
,
the
criteria
governing
any
incentive
compensation
,
and
the
amount
of
any
incentive
compensation
is
in
the
sole
discretion
of
the
Board
.
Except
as
provided
in
Section5
(
a
)
,
to
earn
incentive
compensation
,
the
Executive
must
be
employed
by
the
Company
on
the
last
day
of
the
calendar
year
to
which
the
incentive
compensation
applies
.
Annual
Cash
Incentive
Compensation
shall
be
paid
on
or
before
March15th
of
the
calendar
year
following
the
year
for
which
the
bonus
was
earned
.