Common use of Annual Incentive Clause in Contracts

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five percent (55%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 5 contracts

Samples: Officer Employment Agreement, Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co)

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Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s 's applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five forty percent (5540%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 2 contracts

Samples: Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s 's applicable incentive plan as it may or may not exist from time to time. Employee’s 's incentive target percentage is fiftyeighty-five percent (5585%) of Employee’s 's annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 2 contracts

Samples: Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s 's applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five percent (55%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five percent (55%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.” The balance of Section 4 shall remain unchanged.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s 's applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five sixty percent (5560%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

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Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fifty-five forty percent (5540%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fiftysixty-five percent (5565%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

Annual Incentive. The Company shall provide Employee an opportunity to earn an annual incentive payment based upon participation in the Company’s applicable incentive plan as it may or may not exist from time to time. Employee’s incentive target percentage is fiftysixty-five percent (5565%) of Employee’s annual base salary. Any annual incentive payment earned pursuant to an applicable incentive plan shall be payable in the first quarter of the following year.” The balance of Section 4 shall remain unchanged.

Appears in 1 contract

Samples: Officer Employment Agreement (Callaway Golf Co)

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