Common use of Annual Performance Award Clause in Contracts

Annual Performance Award. For each fiscal year of employment during which the Company employs the Executive, the Executive shall be entitled to receive a target annual performance award of up to a maximum of 150% of Executive’s Annual Base Salary, in accordance with the terms of any plan governing senior management performance awards then in effect as established by the Board (the “Annual Performance Award”), such Annual Performance Award to be paid effective the 1st day of January of each year of the employment term with respect to the immediately preceding year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Geo Group Inc), Executive Employment Agreement (Geo Group Inc)

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Annual Performance Award. For each fiscal year of employment during which the Company employs the Executive, the Executive shall be entitled to receive a target annual performance award of up to a maximum of 150% eighty-five (85%) of Executive’s Annual Base Salary, in accordance with the terms of any plan governing senior management performance awards then in effect as established by the Board Compensation Committee (the “Annual Performance Award”), such Annual Performance Award to be paid effective in accordance with the 1st day of January of each year terms of the employment term with respect to the immediately preceding yearapplicable plan.

Appears in 1 contract

Samples: Executive Employment Agreement (Geo Group Inc)

Annual Performance Award. For each fiscal year of employment during which the Company employs the Executive, the Executive shall be entitled to receive a target annual performance award of up to a maximum of 15050% of the Executive’s then current Annual Base Salary plus a discretionary multiplier of 50% of such Annual Base Salary, in accordance with the terms of any plan governing senior management performance awards then in effect as established by the Board (the “Annual Performance Award”), such Annual Performance Award to be paid effective the 1st day of January of each year of the employment term with respect to the immediately preceding year.

Appears in 1 contract

Samples: Executive Employment Agreement (Geo Group Inc)

Annual Performance Award. For each fiscal year of employment during which the Company employs the Executive, the Executive shall be entitled to receive a target annual performance award of up to a maximum of 150120% of Executive’s Annual Base Salary, in accordance with the terms of any plan governing senior management performance awards then in effect as established by the Board (the “Annual Performance Award”), such Annual Performance Award to be paid effective the 1st day of January of each year of the employment term with respect to the immediately preceding year.

Appears in 1 contract

Samples: Executive Employment Agreement (Geo Group Inc)

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Annual Performance Award. For each fiscal year of employment during which the Company employs the Executive, the Executive shall be entitled to receive a target annual performance award of up to a maximum of 150% of Executive’s Annual Base Salary, in accordance with the terms of any plan governing senior management performance awards then in effect as established by the Board (the “Annual Performance Award”), such Annual Performance Award to be paid effective the 1st day of January of each year of the employment term with respect to the immediately preceding year.

Appears in 1 contract

Samples: Executive Employment Agreement (Geo Group Inc)

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