Annual Incentive Program. You shall participate in an equitable manner with all other senior management employees in the annual incentive program approved by the Board or the Compensation Committee. No other compensation provided for in this Agreement shall be deemed a substitute for your right to participate in such annual incentive program.
Annual Incentive Program. Executive shall be eligible to participate in any annual incentive program maintained by the Company and its subsidiaries to the same extent as other executives of the Company and its subsidiaries and shall be eligible to receive cash incentive awards thereunder, as determined by the Board of Directors of the Company (as applicable, the “Board”) or a committee of the Board.
Annual Incentive Program. The Executive shall be entitled to participate in the Company’s Annual Incentive Program (the “Annual Incentive Program”) according to the terms of the Annual Incentive Program which Annual Incentive Program the Company may, in the Company’s discretion, change or amend from time to time.
Annual Incentive Program. 29.1 For the term of this agreement, beginning for the year 2021 (payable in 2022) employees will participate in the Vistra Broad-Based Annual Incentive Plan, subject to all terms and conditions of the plan as they may be modified from time to time in the Company’s sole discretion. Individual performance modifiers will not be used in determining payout amounts for Represented employees. No part of the plan shall be subject to grievance or arbitration under this Agreement under any circumstance, except in the limited instance in which an employee contends he or she was not paid in accordance with the terms of the plan. The target award is 6% of the employee’s annual base wage earnings.
Annual Incentive Program. Effective as of the Start Date, Executive shall participate in the Company’s Annual Incentive Program for its fiscal 2017 (the “FY17 AIP”) with a target award equal to one hundred percent (100%) of Executive’s Annual Base Salary on a non-prorated basis (with a guaranteed minimum FY17 AIP award of 50% of the Annual Base Salary ($325,000)) and which target bonus percentage the Company agrees not to reduce.
Annual Incentive Program. In addition to Base Salary, for each year commencing 1998 Employee shall be eligible to receive a performance based bonus under the Company's Annual Incentive Program ("Performance Bonus") if certain pre-established performance objectives are obtained ("Performance Goals"). The Compensation Committee shall establish a range of Performance Goals by March 31 of each year. The Compensation Committee shall determine annually within 60 days after completion of the Company's year end audit whether the Performance Goals for the preceding year have been achieved. If the Performance Goals for the preceding year have been achieved, the Compensation Committee shall certify such fact to the Company, and the Company shall pay such Performance Bonus to Employee as soon as administratively feasible following such certification. The Compensation Committee shall establish a maximum Performance Bonus of 60% of Base Salary, a target Performance Bonus of 40% of Base Salary, and a threshold Performance Bonus of 20% of Base Salary which shall be paid to Employee based upon certification that the Performance Goals have been achieved. No Performance Bonus shall be paid for any year in which the threshold Performance Goal has not been achieved. No Performance Bonus may exceed $300,000. The Compensation Committee shall have the sole authority to administer and make determinations with respect to the Performance Bonus and Performance Goals.
Annual Incentive Program. The Company will establish an Annual Incentive Program (“Program”), as set forth in Attachment A, that shall substitute for and replace the Variable Wage Adjustment Program included in the Restructuring Agreement.
Annual Incentive Program. The Executive shall be entitled to participate in the Company’s Annual Incentive Program (the "Annual Incentive Program") according to the terms of the Annual Incentive Program which the Company or NOVAGOLD may, in its discretion, change, abolish or amend from time to time, with or without notice. For 2024, the Executive's Annual Incentive Target is 80% of base salary with a multiplier of up to 1.5 times. The Annual Incentive Program payment to the Executive will be paid in U.S. dollars.
Annual Incentive Program. You will continue to be eligible to participate in the Company’s Annual Incentive Program, as may be amended by the People, Culture and Compensation Committee (the “PCCC”) from time to time. Your incentive target will be 65% of your annual base salary and is subject to achievement of both the Company and your individual performance goals. Achievement of Company goals will be determined in the sole discretion of the Company’s Board of Directors and the PCCC; provided that your Annual Incentive Program bonus for fiscal year 2023 will be pro-rated pursuant to standard Company practice to reflect your service as President of the Company prior to the Effective Date and your service as Chief Innovation Officer on and following the Effective Date.
Annual Incentive Program. The Executive shall be entitled to participate in the Company’s Annual Incentive Program (the “Annual Incentive Program”) according to the terms of the Annual Incentive Program which Annual Incentive Program the Company may, in the Company’s discretion, change or amend from time to time. For 2020, the Executive Annual Incentive Program shall be 100% of his annual salary based on objectives set by the Board, pro-rated for the period of June 1 to November 30, 2020. The assessment of the Executive’s achievement of these objectives and the targets and objectives for subsequent years shall be determined at the discretion of the Board.
