Common use of Annual Incentive Payments Clause in Contracts

Annual Incentive Payments. The Executive shall be eligible to receive an annual incentive payment (the "Incentive Payment") as determined in accordance with the Company's Management Incentive Plan or any successor thereto (the "Incentive Plan"), a copy of which is attached hereto as Exhibit D. The Executive's target Incentive Payment for 2005 shall be 15% of his salary range for such year, such target percentage for 2006 to be reviewed by the Board not later than January 2006.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Datascension Inc), Restricted Stock Agreement (Datascension Inc)

AutoNDA by SimpleDocs

Annual Incentive Payments. The Executive shall be eligible to receive an annual incentive payment (the "Incentive Payment") as determined in accordance with the Company's Management Incentive Plan or any successor thereto (the "Incentive Plan"), a copy of which is attached hereto as Exhibit D. . The Executive's target Incentive Payment for 2005 2002 shall be 1550% of his salary range midpoint for such year, year and such target percentage for 2006 to 2003 shall be reviewed 65% of his base salary for such year. The target percentage for years after 2003 shall be determined by the Board not later than January 2006and communicated to the Executive each year.

Appears in 1 contract

Samples: Employment Agreement (Citizens Banking Corp)

Annual Incentive Payments. The Executive shall be eligible to receive an annual incentive payment (the "Incentive Payment") as determined in accordance with the Company's Management Incentive Plan or any successor thereto (the "Incentive Plan"), a copy of which is attached hereto as Exhibit D. The Executive's target Incentive Payment for 2005 shall be 1530% of his salary range for such year, such target percentage for 2006 to be reviewed by the Board not later than January 2006.

Appears in 1 contract

Samples: Restricted Stock Agreement (Datascension Inc)

AutoNDA by SimpleDocs

Annual Incentive Payments. The Executive shall be eligible to receive an annual incentive payment (the "Incentive Payment") as determined in accordance with the Company's Management Incentive Plan or any successor thereto (the "Incentive Plan"), a copy of which is attached hereto as Exhibit D. The Executive's target Incentive Payment for 2005 shall be 1510% of his salary range for such year, such target percentage for 2006 to be reviewed by the Board not later than January 2006.

Appears in 1 contract

Samples: Restricted Stock Agreement (Datascension Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.