Document ID: 15192

Text:
3.2Annual Incentive Bonus . For each fiscal year during the Employment Term, beginning with the 2017 fiscal year, Executive will be eligible for an annual bonus (theAnnual Bonus) under the Companys annual bonus program. The Annual Bonus for the 2017 fiscal year will not be prorated. Executives target Annual Bonus will be 130% of the Annual Base Salary (the Target Bonus), Executives threshold Annual Bonus will be 67% of the Annual Base Salary, and Executives maximum Annual Bonus will be 225% of the Annual Base Salary; provided, however, that Executives Annual Bonus for the 2017 fiscal year will be no less than 67% of the Annual Base Salary. Subject to the minimum Annual Bonus set forth in the preceding sentence for the 2017 fiscal year, the actual amount payable in respect of the Annual Bonus for any fiscal year will be determined by the Board in its sole discretion based on the achievement of individual and Company performance goals previously established by the Board after consultation with Executive. The criteria for such performance goals will be established after discussion with Executive by March 31 of the fiscal year to which the Annual Bonus relates (or in the case of the Annual Bonus for 2017, within 30 days of the Effective Date). The Annual Bonus will be paid no later than February 15 in the first quarter of the year following the year to which the Annual Bonus relates, subject to Executives continued employment through the date of payment, except as otherwise provided herein.

Named Entities:
60
61
Percentage
79
80
Percentage
94
95
Percentage

Tokenized Text:
3
.
2Annual
Incentive
Bonus
.
For
each
fiscal
year
during
the
Employment
Term
,
beginning
with
the
2017
fiscal
year
,
Executive
will
be
eligible
for
an
annual
bonus
(
theAnnual
Bonus
)
under
the
Companys
annual
bonus
program
.
The
Annual
Bonus
for
the
2017
fiscal
year
will
not
be
prorated
.
Executives
target
Annual
Bonus
will
be
130
%
of
the
Annual
Base
Salary
(
the
Target
Bonus
)
,
Executives
threshold
Annual
Bonus
will
be
67
%
of
the
Annual
Base
Salary
,
and
Executives
maximum
Annual
Bonus
will
be
225
%
of
the
Annual
Base
Salary
;
provided
,
however
,
that
Executives
Annual
Bonus
for
the
2017
fiscal
year
will
be
no
less
than
67
%
of
the
Annual
Base
Salary
.
Subject
to
the
minimum
Annual
Bonus
set
forth
in
the
preceding
sentence
for
the
2017
fiscal
year
,
the
actual
amount
payable
in
respect
of
the
Annual
Bonus
for
any
fiscal
year
will
be
determined
by
the
Board
in
its
sole
discretion
based
on
the
achievement
of
individual
and
Company
performance
goals
previously
established
by
the
Board
after
consultation
with
Executive
.
The
criteria
for
such
performance
goals
will
be
established
after
discussion
with
Executive
by
March
31
of
the
fiscal
year
to
which
the
Annual
Bonus
relates
(
or
in
the
case
of
the
Annual
Bonus
for
2017
,
within
30
days
of
the
Effective
Date
)
.
The
Annual
Bonus
will
be
paid
no
later
than
February
15
in
the
first
quarter
of
the
year
following
the
year
to
which
the
Annual
Bonus
relates
,
subject
to
Executives
continued
employment
through
the
date
of
payment
,
except
as
otherwise
provided
herein
.