Annual Short Term Incentive Bonus. Executive shall also be eligible to earn an annual year-end cash bonus, equal to a maximum of 30% of Executive’s base salary, as determined by a review at the discretion of the CEO and/or Board of Directors. Short Term incentive programs shall be reviewed each year, and be based upon the Executive and the Company achieving specific financial and performance criteria for the fiscal year.
Annual Short Term Incentive Bonus. Beginning with the 2007 fiscal year of the Company, during the Employment Period, the Executive will be eligible to participate in the Company’s short term incentive compensation program and be eligible to earn under and upon the terms of that plan an incentive award of up to 100% of Annual Base Salary based on performance criteria established by the Board or its Compensation and Organization Committee, with a target bonus equal to at least 50% of Annual Base Salary.
Annual Short Term Incentive Bonus. An annual short-term incentive bonus ranging from 50% of annual base salary (if threshold performance is achieved) to 100% of annual base salary (if target performance is achieved) to 175% of annual base salary (if maximum performance is achieved) pursuant to certain pre-established Company and individual-specific performance metrics established by the compensation committee of the Board. The annual short-term incentive bonus earned for a year, if any, shall be paid to Executive in cash and/or equity awards, in the sole discretion of the Company, within 90 days after the end of the applicable fiscal year. If all or part of the annual short-term incentive bonus is paid in equity awards, such equity awards shall consist of common shares of the Company, restricted common shares of the Company, long-term incentive plan units in Urban Edge Properties LP, or the equivalent of such securities, in each case, that vest ratably over no more than three years from the date of grant.
Annual Short Term Incentive Bonus. Executive shall also be eligible to earn an annual year-end cash bonus, equal to a maximum of 50% of Executive’s base salary, as determined by a review at the discretion of the COO and/or Board of Directors. Short Term incentive programs shall be reviewed each year, and be based upon the Executive and the Company achieving specific financial and performance criteria for the fiscal year. Short Term Incentive payments, if any, shall be distributed quarterly, with 80% of the earned payout received within 45 days following the close of each fiscal quarter in conjunction with the filing of all required SEC reports by GRDH, and the remaining withheld, and paid within 90 days following the close of the fiscal year.
Annual Short Term Incentive Bonus. Executive shall be eligible to participate in the short-term incentive cash-based program offered by the Company, in an amount as determined by the Company. The annual short-term cash-based incentive shall be based on the Company’s evaluation of the condition of the Company’s business, the results of operations, Executive’s individual performance for the relevant period, the satisfaction by the Executive or the Company of goals that may be established by the Company, as the Company may decide in its sole discretion. Each annual short-term cash-based incentive award shall be up to 150% of Base Salary governed by the applicable plan document in effect at that time.
