Annual Incentive Opportunity. During the term of this Agreement, the Employee shall participate in the annual incentive plan maintained by the Company for its executives.
Annual Incentive Opportunity. During the term of this Agreement, the Executive shall participate in the annual incentive plan maintained by the Company for its executives. The Executive's annual bonus under the incentive compensation plan shall be targeted at one hundred percent (100%) of the Executive's Base Annual Salary (with a maximum bonus of two hundred percent (200%) of the Executive's Base Annual Salary), subject to satisfaction of annual milestones reasonably established by the Compensation Committee of the Board of Directors of the Company. Annual milestone objectives for the years ending May 31, 1999, and May 31, 2000, shall be established within ninety (90) days from the date hereof.
Annual Incentive Opportunity. You shall be eligible to participate in any bonus plan which the Company may maintain or establish for the executives of the Company on the terms that apply to the executives of the Company. Until the Company establishes such a plan, it shall provide you with an individual annual incentive opportunity under which you would be eligible to receive an annual target bonus based on the achievement of individual and/or corporate objectives set by the Compensation Committee of the Board. Such annual target bonus shall be set at One Hundred percent (100%) of your annual base salary provided the Company is EBITDA positive, and an additional ten percent of your annual base salary (10%) for every $1 million over $1 million in EBITDA . The incentive payment shall be in cash.
Annual Incentive Opportunity. During the term of this Agreement, the Executive shall participate in the annual incentive plan maintained by the Company for its executives. For Fiscal Year 2001, The Executive's annual bonus shall be targeted at Three Hundred Thousand Dollars ($300,000); 50% ($150,000) to be based on MBO and 50% to be based on Shipping Targets, with a range of up to 200% for performance in excess of plan.
Annual Incentive Opportunity. During the Term, Executive shall participate in the Company’s Executive Management Incentive Plan (or such successor annual incentive program), pursuant to the terms of such plan. Executive’s target annual incentive opportunity shall be $1,500,000 and his maximum annual incentive opportunity shall be $3,000,000. For purposes of clarity, Executive may receive annual incentive compensation amounts that are either greater or less than the target annual incentive opportunity based on actual performance and months of service.
Annual Incentive Opportunity. During the Term, the Employee shall have an annual incentive opportunity, under the Company’s annual incentive plan in effect from time to time for its senior executive officers, based on a target incentive opportunity of, beginning in fiscal year 2018, at least 125% of the Employee’s Base Salary (“Target Bonus”) and a maximum incentive opportunity of not less than 200% of the Employee’s Target Bonus, subject to the attainment of one or more pre-established performance goals established by the Board (or a committee thereof) in its sole discretion. Any annual incentive payable hereunder shall be paid in cash in United States dollars the calendar year following the calendar year to which such incentive relates at the same time as annual incentive payments for such year are paid to other senior executives, subject to the Employee’s continued employment at the time of payment, except as otherwise set forth herein.
Annual Incentive Opportunity. Without limiting the generality of the foregoing, the Executive shall have an opportunity to earn up to an additional 120% of his Base Salary as incentive compensation in each year during the term of this Agreement, as further described in Exhibit A attached hereto and incorporated herein by reference (the “Annual Incentive Payment”). One-half (1/2) of each Annual Incentive Payment that is earned by and payable to the Executive hereunder shall be paid in stock of the Company (which shall be subject to transferability restrictions and vesting restrictions) and one-half (1/2) of the Annual Incentive Payment shall be paid in cash, in accordance with applicable regulatory requirements and guidelines regarding risk management and incentive compensation, with such stock to be issued and cash to be paid out to the Executive no later than two and one-half (2.5) months after the end of the year in which such Annual Incentive Payment was earned. The specific terms and conditions of each Annual Incentive Payment is set forth in writing in Exhibit A; however, the Company Board reserves the right prior to the beginning of each anniversary date of this Agreement to review the details involved in the calculation of the Annual Incentive Payment if, in good faith, the Company Board believes that such details need revision. Exhibit A shall specify the time and form of payment and such other terms that may be required with respect to any deferred compensation that is subject to Section 409A of the Internal Revenue Code of 1986, as amended (“Code”).
Annual Incentive Opportunity. Without limiting the generality of the foregoing, the Executive shall have an opportunity to earn up to an additional 120% of his Base Salary as incentive compensation in each year during the Term of this Agreement, as further described in Exhibit A attached hereto and incorporated herein by reference (the “Annual Incentive Payment”). One-half (1/2) of each Annual Incentive Payment that is earned by and payable to the Executive hereunder shall be paid in common stock of the Company (which shall be subject to transferability restrictions and vesting restrictions) and one-half (1/2) of the Annual Incentive Payment shall be paid in cash, in accordance with applicable regulatory requirements and guidelines regarding risk management and incentive compensation, with such stock to be issued and cash to be paid out to the Executive no later than two and one-half (2.5) months after the end of the year in which such Annual Incentive Payment was earned. The specific terms and conditions of each Annual Incentive Payment is set forth in writing in Exhibit A and, with respect to the stock portion, shall be consistent with the Capital Bancorp, Inc. 2017 Stock and Incentive Compensation Plan; however, the Company Board reserves the right prior to the beginning of each calendar year during the Term of this Agreement to review and modify the details involved in the calculation of the Annual Incentive Payment if, in good faith, the Company Board believes that such details need revision; provided, however, that under no circumstances, without the consent of the Executive, will more than one-half of the Annual Incentive Payment be paid in common stock of the Company vesting at the rate of 1/3 per year.
Annual Incentive Opportunity. Executive shall be eligible to participate in an annual incentive plan established from year to year by the Committee and/or Board in its discretion and which may involve personal or Company performance criteria or some combination thereof.
Annual Incentive Opportunity. You will be eligible to ---------------------------- participate in the Bank's Officer Incentive Plan during 1998, with a target incentive opportunity of $100,000, and the opportunity to earn up to 150% of such target incentive based on extraordinary performance. The final determination of the incentive to be paid to you shall be made in the discretion of the Bank's Board of Directors.
