Annual Incentive Award Opportunity. Executive shall be eligible to participate in the Company’s Annual Incentive Plan (the “AIP”), in accordance with the terms of the AIP as they may be amended by the Board from time-to time. Executive’s target annual award opportunity under the AIP shall be 35% of the Base Salary (the “AIP Annual Target”) and shall be subject, in accordance with the terms of the AIP, to an annual cap equal to 2 times the AIP Annual Target. Actual awards will be based on the achievement of specified performance objectives, as determined by the Board.
Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He shall be eligible for an annual bonus opportunity of no less than $315,000, which shall be based upon the performance of the Company and the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible to receive an additional annual overachievement bonus. To the extent earned, the Executive shall be paid his annual incentive awards at the same time that other senior-level executives receive their incentive awards.
Annual Incentive Award Opportunity. You will be eligible to participate in the Company’s annual bonus plan for similarly situated executives. As of the Effective Date, your target annual bonus is 100% of your base salary. All awards shall be governed by the terms of, and subject to any conditions established by, the Company’s then-current annual bonus plan.
Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive bonus award opportunity of no less than fifty percent (50%) of his/her annualized base salary, the achievement of which shall be based upon the performance of the Company and the performance of the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards.
Annual Incentive Award Opportunity. Executive shall be eligible to receive additional grants of Stock Options to purchase up to 17,000 shares of Common Stock on each anniversary of the commencement of the Term. Actual awards will be based on the achievement of specified performance objectives, as determined by the Chief Executive Officer and approved by the Compensation Committee.
Annual Incentive Award Opportunity. You will be eligible to participate in the Company’s annual bonus plan for similarly situated executives. Prior to the SpinOff, you will participate in Potlatch’s Management Performance Award Plan (“MPAP”), and your bonus opportunity for 2008 will be prorated based on the number of complete half months for which you are employed during the 2008 plan year.2 Under the current terms of the MPAP, your target annual bonus will be 70% of your base salary and any actual bonus will be calculated based on corporate performance, which can range from 0% to 200% of the target bonus opportunity. The terms of the current MPAP also provide for a potential adjustment based on individual performance, which may be from zero (0) to two (2) times the value of the award as calculated based solely on corporate performance criteria. Subsequent to the Spin-Off, you will participate in SpinCo’s annual bonus plan for similarly situated executives and will no longer participate in the MPAP. Subject to the terms specified in this Agreement, all awards shall be governed by the terms of, and subject to any conditions established by, the applicable plan.
Annual Incentive Award Opportunity. (a) You will be eligible to participate in the Company’s annual bonus plan for similarly situated executives. Under the current terms of the annual bonus plan, your target annual bonus is 100% of your base salary. Any actual bonus can range from 0% to 175% of the target bonus opportunity and will be calculated 75% based on corporate performance and 25% based on individual performance. All awards shall be governed by the terms of, and subject to any conditions established by, the Company’s then-current annual bonus plan.
(b) Notwithstanding the provisions of Section 4(a), and subject to Section 8(b), for purposes of any applicable annual bonus plan, your termination of employment on or after January 1, 2013 for any reason other than death, disability or by the Company for “Misconduct,” as that term is defined for purposes of the Company’s Severance Program for Executive Employees, as amended from time to time, or any successor program (the “Severance Program”), shall be treated as a normal retirement under the annual bonus plan.
Annual Incentive Award Opportunity. You will continue to be eligible to participate in the Company’s annual cash incentive program during your employment with the Company, at the level provided in your Offer Letter, subject to the terms and conditions of that incentive program as exclusively determined by the Compensation Committee in its discretion and provided you are employed by the Company at the time the Compensation Committee determines the amount of any annual awards based on achievement against annual performance goals and such awards are paid to other senior Company executives following the completion of a fiscal year.
Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive target bonus award opportunity of no less than $375,000, the achievement of which shall be based upon the performance of the Company and the performance of the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards. For fiscal year 2005 of the Company (which ends on September 30, 2005), Executive shall receive an annual incentive award payout of no less than $375,000 (which represents 100% of his annual incentive target bonus award opportunity), provided Executive has not terminated his employment for reasons other than Constructive Termination Without Cause, or the Company has not terminated the Executive for Cause, prior to the end of the performance period (or September 30, 2005).
Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive bonus award opportunity of no less than sixty-five percent (65%) of his/her eligible base salary earnings for the fiscal year, the achievement of which shall be based upon the performance of the Company and the performance of the Executive; provided however that for the Company’s fiscal year 2008 (“FY2008”), this annual incentive bonus opportunity shall be prorated as of February 1, 2008. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards. Notwithstanding anything set forth in this paragraph, however, for the Company’s 2008 fiscal year only, Executive shall be eligible for (a) a prorated annual incentive bonus award opportunity of not less than forty five-and-a-half percent (45.5%) of his eligible base salary earnings for the time period between the Effective Date and September 30, 2008 , the achievement of which shall be based upon the performance of the Company and the performance of the Executive, and (b) a prorated annual incentive bonus award opportunity of not less than forty two percent (42%) of his eligible base salary earnings for the time period between October 1, 2007 and the Effective Date, the achievement of which shall be based upon the performance of the Company and the performance of the Executive.
