Common use of Cash Award Clause in Contracts

Cash Award. The cash award will be at a targeted amount of 100% of Base Salary (“Target”) and a maximum of 125% of Base Salary, with the actual amount determined by the Board of Directors based on corporate performance relative to pre-established annual objectives. The objectives for Executive will be the same as for other Program participants. The cash portion will be payable within 10 business days after the third anniversary of the award date. The objectives for Executive will be the same as for other Program participants.

Appears in 2 contracts

Samples: Management Compensation Agreement (Pinnacle Airlines Corp), Management Compensation Agreement (Pinnacle Airlines Corp)

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Cash Award. The cash award will be at a targeted amount of 10075% of Base Salary (“Target”) and a maximum of 125112.5% of Base Salary, with the actual amount determined by the Board of Directors based on corporate performance relative to pre-established annual objectives. The objectives for Executive will be the same as for other Program program participants. The cash portion will be payable within 10 business days after the third anniversary of the award date. The objectives for Executive will be the same as for other Program participants.

Appears in 2 contracts

Samples: Management Compensation Agreement (Pinnacle Airlines Corp), Management Compensation Agreement (Pinnacle Airlines Corp)

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