Common use of Annual Incentive Plans Clause in Contracts

Annual Incentive Plans. You will be eligible to participate in the Company’s annual incentive plan (Incentive Compensation Plan or ICP) on a basis consistent with those of comparable executives. Your target award will be based upon the Incentive Compensation Plan target percentage for your position within the Company multiplied by your base salary at the end of the fiscal year. Actual award payments will be in accordance with the terms of the Incentive Compensation Plan and may be adjusted to reflect Company performance and your individual performance as approved by the Committee.

Appears in 8 contracts

Samples: Meritor Inc, Meritor Inc, Meritor Inc

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Annual Incentive Plans. You will be eligible to participate in the Company’s annual incentive plan (Incentive Compensation Plan or ICP) on a basis consistent with those of comparable executives. Your target award will be based upon the Incentive Compensation Plan target percentage for your position within the Company multiplied by your base salary at the end of the fiscal year. Actual award payments will be in accordance with the terms of the Incentive Compensation Plan and may be adjusted to reflect Company performance and your individual performance as approved by the CommitteeCompany.

Appears in 3 contracts

Samples: Meritor, Inc., Meritor, Inc., Meritor, Inc.

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Annual Incentive Plans. You will be eligible to participate in the Company’s annual incentive plan (plan, “Incentive Compensation Plan or ICP) Plan”, on a basis consistent with those of comparable executives. Your target award will be based upon the Incentive Compensation Plan target percentage for your position within the Company grade multiplied by your base salary at the end of the fiscal year. Actual award payments will be in accordance with the terms provisions of the Incentive Compensation Plan plan and may be adjusted to reflect Company performance and your individual performance as approved by the Committee.

Appears in 1 contract

Samples: Arvinmeritor Inc

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