Common use of Annual Performance Based Incentive Clause in Contracts

Annual Performance Based Incentive. (i) The Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will be 75% of Executive's Base Salary, calculated based on Executive's weighted Base Salary during the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

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Annual Performance Based Incentive. (i) The Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will continue to be 7550% of Executive's Base Salary, calculated based on Executive's weighted the Base Salary during as in effect on the first day of the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

Annual Performance Based Incentive. (i) The Commencing in fiscal year 2016, the Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will be 75equal to 50% of Executive's the Base Salary, calculated based on the Executive's ’s weighted Base Salary during the fiscal year to which the Annual Bonus annual bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

Annual Performance Based Incentive. (i) The Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will be 75% of Executive's Base Salary, calculated based on Executive's weighted the Base Salary during as in effect on the first day of the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

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Annual Performance Based Incentive. (i) The Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will continue to be 75100% of Executive's Base Salary, calculated based on Executive's weighted the Base Salary during as in effect on the first day of the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

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