2005 Short Term Incentive Awards Sample Clauses

2005 Short Term Incentive Awards. For the 2005 calendar year (or such later year during which the Offering Date occurs), Awards under the Xxxx-XxXxx Short Term Incentive Plans for Transferred Individuals shall be divided as follows: (1) The performance targets and Award amounts in effect as of the Offering Date shall be prorated for the portion of 2005 that occurs between January 1, 2005, and the Offering Date. Xxxx-XxXxx, in its discretion, shall determine the extent to which these prorated performance targets were achieved. Xxxx-XxXxx shall ensure that Tronox receives an amount sufficient to fund the prorated portion of the 2005 Awards on the earlier to occur of (A) the Distribution Date or (B) the date on which Tronox makes payment to the Transferred Individual in connection with such Awards. (2) Tronox and the Tronox Entities shall establish appropriate performance targets and Award amounts that shall be in effect for the portion of 2005 that occurs between the Offering Date and December 31, 2005. Tronox or the applicable Tronox Entity, in its discretion, shall determine the extent to which the performance targets were achieved. (3) Tronox shall pay to each Transferred Individual both (A) the portion of his 2005 Award prorated for the period from January 1, 2005 to the Offering Date, and (B) the portion of his 2005 Award prorated for the period from the Offering Date to December 31, 2005, in a single payment at the time specified under the applicable Short Term Incentive Plan.
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Related to 2005 Short Term Incentive Awards

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

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