Annual Cash Incentive Compensation. The Board will establish the applicable service-based and performance-based goals, which may include adjusted EBITDA or other criteria, and corresponding attainment percentages.
Annual Cash Incentive Compensation. As of the Effective Date, Executive shall continue to be eligible to participate in the Company’s annual cash incentive (bonus) plan and any successor annual cash incentive plans. Executive shall have the opportunity to earn an annual target cash incentive award, measured against performance criteria to be determined by the Company’s Board (or a committee thereof).
Annual Cash Incentive Compensation. Executive shall be eligible to participate in the Company’s cash incentive compensation program (the Penn Virginia Resource GP, LLC Annual Incentive Plan, or any successor plan thereto), which shall enable Executive to earn cash bonus compensation in such amounts, if any, and payable at such times, if any, as determined in the normal course by the Committee. Executive’s target annual bonus shall be 75% of his Base Salary commencing in 2012. The annual target may be reviewed and adjusted from time to time by the Committee in accordance with the Committee’s normal practice. All payments will be made at such times and on such terms as provided in the Annual Incentive Plan.
Annual Cash Incentive Compensation. Executive, if employed on the last day of the calendar year for which any bonus as determined by the Board of Directors is being awarded, shall be eligible for performance-based annual cash and/or stock awards as determined by the Board of Directors in accordance with mutually agreed upon goals and objectives established by the Board of Directors in January of each calendar year this Agreement is in force and effect.
Annual Cash Incentive Compensation. You are eligible to participate in IHS Markit’s annual incentive program for similarly situated executives of IHS Markit, as amended or otherwise modified from time to time by the Human Resources Committee (“HR Committee”) of IHS Markit’s Board of Directors (the “Board”), on the terms set forth on Exhibit A. Except as provided in this paragraph and in Section 3, to qualify for a payment under the annual incentive program, you must remain continuously and actively employed by the Company, without having tendered a notice of resignation, through the date of payment, in accordance with the terms and conditions of such program. The annual incentive payment shall be made no later than February 15 following the year for which such incentive is earned. The terms and conditions of the annual incentive program for any given performance period, including any performance measures and targets, will be approved at the discretion of the HR Committee.
Annual Cash Incentive Compensation. (i) Executive shall be eligible to participate in any cash incentive or bonus plan or program of Employer in which other executive officers participate, which may be based on annual performance measures established by the board of directors of Company or its designee, including the compensation committee of the board of directors (cash compensation paid or payable to Executive under any and all such cash incentive or bonus plans or programs for any calendar year is referred to as “Annual Cash Incentive Compensation”).
(ii) Any Annual Cash Incentive Compensation earned shall be payable in cash not later than March 15th of the calendar year following the calendar year in which the Annual Cash Incentive Compensation is earned and otherwise in accordance with Employer’s normal practices for the payment of short-term incentives. The payment of any Annual Cash Incentive Compensation shall be subject to and conditioned on Executive being employed by Employer on December 31st of the year in which the Annual Cash Incentive Compensation is earned (except as set forth in Section 5(g) in the case of the death or Disability of Executive), Executive’s employment with Employer having not been terminated by Employer for Cause prior to the payment of such Annual Cash Incentive Compensation, and the receipt of any approvals or non-objections required from or by any regulatory agency or authority having jurisdiction over Company or Bank. The Parties acknowledge that Executive may not be eligible to receive, or Employer may not be permitted to pay, Annual Cash Incentive Compensation if Company or Bank is subject to restrictions imposed by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (the “FDIC”), the Tennessee Department of Financial Institutions, or any other regulatory agency or authority, or if Company or Bank is otherwise restricted from making payment of Annual Cash Incentive Compensation under applicable law, rule, or regulation.
Annual Cash Incentive Compensation. (i) Executive shall be eligible to receive such annual cash incentive compensation, if any, as may be determined by, and based on performance measures established by, the board of directors of Company, or its designee (including the compensation committee of the board of directors), consistent with the strategic plan of Company, pursuant to any incentive compensation plan or program that may be adopted from time to time by the board of directors of Company (“Incentive Compensation”), including without limitation an annual cash bonus (the “ACIP Bonus”) based upon the achievement of performance goals under Employer’s Annual Cash Incentive Plan.
(ii) Any Incentive Compensation earned shall be payable in cash not later than March 15th of the year following the year in which the Incentive Compensation is earned in accordance with Employer’s normal practices for the payment of short-term incentives. The payment of any Incentive Compensation shall be subject to and conditioned on Executive being employed by Employer on December 31st of the year in which the Incentive Compensation is earned, Executive’s employment with Employer having not been terminated by Employer for Cause prior to the payment of such Incentive Compensation, and any approvals or non-objections required from or by any regulatory authority having jurisdiction over Company or Bank, and it is acknowledged by the Parties that it is possible that Executive may not be eligible to receive any such Incentive Compensation if Company or Bank is subject to restrictions imposed on Company or Bank by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Tennessee Department of Financial Institutions, or any other regulatory authority, or if Company or Bank is otherwise restricted from making payment of such compensation under applicable law, rule, or regulation.
Annual Cash Incentive Compensation. During the term of your employment, you will continue to participate in Polaris’ Senior Executive Annual Incentive Compensation Plan (the “Plan”). The Compensation Committee of the Board of Directors will determine, in accordance with the Plan, on an annual basis the actual amount of any Performance incentive award (“Annual Bonus”) to be awarded to you under the Plan. During the term of your employment you will be eligible to receive a target annual payment under the Plan equal to 200 percent of your Base Salary subject to the performance criteria established by the Compensation Committee under the Plan.
Annual Cash Incentive Compensation. Executive shall be eligible to participate in the Company’s cash incentive compensation program, which shall enable Executive to earn cash bonus compensation in such amounts, if any, and payable at such times, if any, as determined in the normal course by the Compensation and Benefits Committee of the Board (the “Committee”). Executive’s target annual bonus shall be 100% of his Base Salary.
Annual Cash Incentive Compensation. During the Term, Executive may receive incentive compensation in the form of annual cash bonus payments based upon specified corporate and individual performance as determined by the Board or the Committee. The amount of the annual cash bonus payable to Executive will be determined at the discretion of the Board or the Committee; provided, such annual cash bonus for 2020 shall not be less than $750,000. In establishing the performance criteria for each fiscal year, the Board or Committee shall set forth a maximum, target, and threshold annual bonus amount, in each case, expressed as a percentage of Executive’s Base Compensation at the rate in effect at the beginning of the relevant fiscal year. For each fiscal year beginning after 2020 during the Term, if applicable performance goals are not attained at least at the threshold performance level, no annual bonus shall be payable. Payouts for in-between performance criteria will be calculated using straight-line interpolation. Except as otherwise set forth herein, the payment of annual incentive compensation amounts under this Section 4(b) is subject to Executive’s continued employment with the Company through the applicable payment date in the following fiscal year which shall not be later than March 15 of the following fiscal year.
