ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN Sample Clauses

ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN. Executive shall be eligible to participate in Cornerstone's Annual Operating Performance Incentive Plan on the terms and conditions set forth in Schedule A attached hereto and by this reference incorporated herein.
Sample 1
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ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN. A ratable portion (based on the days in the fiscal year in which termination occurs on or before its effective date and the total number of days in the fiscal year) of the cash award to which Executive would have been entitled under the Plan for the entire year, which shall be paid in cash no later than ninety (90) fiscal days after the close of the fiscal year.
Sample 1
ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN. Executive shall be eligible to participate in the Annual Operating Performance Incentive Plan on the terms and conditions set forth in Schedule B attached hereto. d. New Acquisition Incentive Plan. Executive shall be eligible to participate in the New Acquisition Incentive Plan on the terms and conditions set forth in Schedule C attached hereto. e. Long-Term Equity Incentive Plan. Executive shall be eligible to participate in the Long-Term Equity Incentive Plan for Cornerstone on the terms and conditions set forth in Schedule D attached hereto. f. Restricted Unit Plan. Executive shall be eligible to participate in Cornerstone's Restricted Unit Plan, and to receive grants thereunder as approved by the Board of Directors, acting on the recommendation of its Nomination and Compensation Committee. g.
Sample 1
ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN. A ratable portion (based on the days in the fiscal year in which termination occurs on or before its effective date and the total number of days in the fiscal year) of the cash award to which Executive would have been entitled under the Plan for the entire year, which shall be paid in cash no later than ninety (90) fiscal days after the close of the fiscal year. ii. New Acquisition Incentive Plan. The amount payable for any addition to the propane operations as to which a letter of intent, memorandum of understanding or similar document, or the definitive agreements, were entered into prior to the Termination Date, which shall be payable if and when the addition is consummated. iii.
Sample 1

Related to ANNUAL OPERATING PERFORMANCE INCENTIVE PLAN

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

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