Annual Target Cash Incentive Pay. The annual target Cash Incentive Pay (“Target Cash Incentive Pay”) for Executive during each fiscal year of the Term shall be not less than 60% of Executive’s current Base Salary, payable in accordance with the terms of the Annual Cash Incentive Plan. Executive's Target Cash Incentive Pay, as a percentage of Base Salary, shall be reviewed by the Compensation Committee on an annual basis.
Appears in 4 contracts
Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Popeyes Louisiana Kitchen, Inc.), Employment Agreement (Popeyes Louisiana Kitchen, Inc.)
Annual Target Cash Incentive Pay. The annual target Cash Incentive Pay (“Target Cash Incentive Pay”) for Executive during each fiscal year of the Term shall be not less than 60100% of Executive’s current Base Salary, payable in accordance with the terms of the Annual Cash Incentive Plan. Executive's ’s Target Cash Incentive Pay, as a percentage of Base Salary, shall be reviewed by the Compensation Committee on an annual basis, and may be increased, but not decreased (except in connection with a broad-based cost reduction initiative affecting all executive officers commensurately), during the Term.
Appears in 1 contract
Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.)
Annual Target Cash Incentive Pay. The annual target Cash Incentive Pay (“Target Cash Incentive Pay”) for Executive during each fiscal year of the Term shall be not less than 60% of Executive’s current Base Salary, payable in accordance with the terms of the Annual Cash Incentive Plan. Executive's ’s Target Cash Incentive Pay, as a percentage of Base Salary, shall be reviewed by the Compensation Committee on an annual basis.
Appears in 1 contract
Samples: Employment Agreement (Popeyes Louisiana Kitchen, Inc.)
