ANNUAL VARIABLE COMPENSATION. In addition to the Executive’s Annual Base Salary, the Executive shall be entitled to earn a variable pay (the “Variable Compensation”) which shall be based upon performance goals established by the CEO from time to time and set forth in a separate document. Any changes respecting the amount or other terms of the Variable Compensation payable to the Executive must be approved by the CEO. The Variable Compensation target at 100% achievement shall be in accordance with Schedule “A” subject to the provisions of Section 7.
Appears in 3 contracts
Samples: Executive Employment Agreement (Open Text Corp), Executive Employment Agreement (Open Text Corp), Executive Employment Agreement (Open Text Corp)
ANNUAL VARIABLE COMPENSATION. In addition to the Executive’s Annual Base Salary, the Executive shall be entitled to earn a variable pay (the “Variable Compensation”) which shall be based upon performance goals established by the CEO from time to time and set forth in a separate document. Any changes respecting the amount or other terms of the Variable Compensation payable to the Executive must be approved by the CEO. The As of the date of this Agreement, the Variable Compensation target at 100% achievement shall be in accordance with Schedule “A” subject to the provisions of Section 7is CDN$ 125,000.00.
Appears in 1 contract
Samples: Agreement (Open Text Corp)
