Annual Performance Incentive Plan Sample Clauses

Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, once a year during the Initial Term, Executive shall receive an annual performance incentive bonus award equal to no less than 100% of his annual base salary, plus up to an additional 40% of his annual base salary (the amount of which shall be the “Target Amount”), such amount to be determined by Company based upon Company results and performance of Executive. After the Initial Term, annual performance incentive bonus awards will be in an amount determined by the Compensation Committee of the Board of Directors and based on the performance of the Company and the Executive. Notwithstanding the foregoing, for as long as the Company continues to participate in the ACE Group short-term incentive program, Executive will be eligible to participate in such plan, pursuant to its terms, as may be in effect from time to time .
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Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, once a year during the Initial Term, Executive shall receive an annual performance incentive bonus award which will range from 0 to 200% of his annual base salary, such amount to be determined by the Compensation Committee of the Board of Directors and to be based on the performance of the Company and the Executive. Notwithstanding the foregoing, for as long as the Company continues to participate in the ACE Group short-term incentive program, Executive will be eligible to participate in such plan, pursuant to its terms, as may be in effect from time to time .
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Annual Performance Incentive Plan. Executive shall be eligible to participate in the Company’s annual incentive program.
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Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, the Executive shall be eligible to receive an Annual Performance Incentive Award in an amount determined by the Compensation Committee of the Board of Directors. The amount of the Annual Performance Incentive Award, if any, payable to the Executive after his termination of employment shall be determined in accordance with Section 10. Any Annual Performance Incentive Award payable to the Executive pursuant to this Section 6 shall be paid to him at such time and in such form as such awards are typically paid to other employees of ACE.
Sample 1
Annual Performance Incentive Plan. Subject to the terms and conditions of this Agreement, once a year during the Initial Term, with respect to years ending before the end of the Initial Term, the Compensation Committee of the Board (the “Compensation Committee”) will annually consider awarding a cash bonus to the Executive within the range of 300% of his annual salary (a “Target Bonus”). The Compensation Committee will annually take into account any factors it deems relevant, including, without limitation, the Company’s and the Executive’s performance, and grant the Executive a cash bonus above or below the Target Bonus. The Executive’s annual bonus opportunities will, subject to the evaluation of individual performance, be consistent with other executive officers of the Company.
Sample 1

Related to Annual 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.

  • 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.

  • 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.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • 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.

  • 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.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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 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.

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