Common use of Cash Incentive Compensation Clause in Contracts

Cash Incentive Compensation. With respect to each fiscal year of the Company, all or part of which is contained in the Employment Term, the Executive will be eligible to participate in the Company's annual management incentive program or arrangement approved by the Board (or any authorized committee thereof) or any successor program or plan thereto or thereunder on terms and conditions no less favorable to the Executive than those available to similarly situated executives of the Company, with a target bonus opportunity of the percentage of the Base Salary set forth on EXHIBIT A attached hereto (the "Target Bonus Percentage") and a maximum bonus opportunity of not less than the percentage of the Base Salary set forth on EXHIBIT A attached hereto (the "Annual Bonus Percentage"). The Board (or any authorized committee thereof) shall have the authority to establish performance metrics and such other terms and conditions of the annual management incentive program pursuant to which such bonuses may be earned.

Appears in 7 contracts

Samples: Employment Agreement (Uici), Employment Agreement (Uici), Employment Agreement (Uici)

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Cash Incentive Compensation. With respect to each fiscal year of the Company, all or part of which is contained in the Employment Term, the Executive will be eligible to participate in the Company's ’s annual management incentive program or arrangement approved by the Board (or any authorized committee thereof) or any successor program or plan thereto or thereunder on terms and conditions no less favorable to the Executive than those available to similarly situated executives of the Company, with a target bonus opportunity of the percentage of the Base Salary set forth on EXHIBIT Exhibit A attached hereto (the "Target Bonus Percentage") and a maximum bonus opportunity of not less than the percentage of the Base Salary set forth on EXHIBIT Exhibit A attached hereto (the "Annual Bonus Percentage"). The Board (or any authorized committee thereof) shall have the authority to establish performance metrics and such other terms and conditions of the annual management incentive program pursuant to which such bonuses may be earned.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

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