Common use of Annual Plan Clause in Contracts

Annual Plan. The Board of Directors of the Company, acting in its sole discretion, shall annually, at the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 5 contracts

Samples: Employment Agreement (Afc Enterprises Inc), Employment Agreement (Afc Enterprises Inc), Employment Agreement (Afc Enterprises Inc)

AutoNDA by SimpleDocs

Annual Plan. The Board of Directors of the Company, acting in its ------------ sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 2 contracts

Samples: Employment Agreement (Afc Enterprises Inc), Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting in its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 2 contracts

Samples: Employment Agreement (Afc Enterprises Inc), Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting in its sole discretion, shall annually, at the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 2 contracts

Samples: Employment Agreement (Afc Enterprises Inc), Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting in ----------- its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting in ------------ its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

AutoNDA by SimpleDocs

Annual Plan. The Board of Directors of the Company, acting in its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting in its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Annual Plan. The Board of Directors of the Company, acting ----------- in its sole discretion, shall annually, at or prior to the beginning of each fiscal year of the Company, approve an annual incentive plan (the "Annual Incentive Plan") for the senior officers of the Company, including Employee, which Plan shall contain such terms and provisions as the Board of Directors shall determine. Any amounts payable to Employee pursuant to the Annual Incentive Plan is hereinafter referred to as "Incentive Pay".

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!