Cash Incentive Plans Sample Clauses

Cash Incentive Plans. Following the Effective Time, the Seaport Entertainment Group shall be solely responsible for any and all payments, obligations and other Liabilities relating to (a) cash incentive awards (including annual bonuses) to Transferring Employees with respect to performance periods that are open as of the Effective Time and (b) any amounts that Transferring Employees have earned (to the extent not payable by their terms prior to the Effective Time) under any HHH Benefit Arrangements providing cash incentive compensation, commissions or similar cash payments. Following the Effective Time, no member of the HHH Group shall have any obligation or Liability with respect to such amounts. The target amounts of any cash bonuses that are applicable to Transferring Employees immediately prior to the Effective Time shall not be decreased through December 31, 2024 and any actual bonus amounts earned in respect thereof shall be paid by a member of the Seaport Entertainment Group by February 28, 2025, in each case, subject to the applicable Transferring Employee’s continued service through the applicable payment date.
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Cash Incentive Plans. Other than as provided in Section 5.02, (a) the Cousins Group shall be responsible for the payment of cash incentive awards to Continuing Employees with respect to performance periods that are open as of the Distribution Effective Time, and (b) the New Parkway Group shall be responsible for the payment of cash incentive awards to Transferring Employees with respect to performance periods that are open as of the Distribution Effective Time.
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Cash Incentive Plans. As of the Effective Date, the Company Group shall assume or retain all Liabilities with respect to the participation of each Company Transferred Employee who is participating in any cash-based bonus or other cash incentive compensation plan of a Lilly Group member or a Company Group member as applicable, with respect to performance periods that are ongoing as of the Effective Date and completed performance periods as of the Effective Date. The Company Group shall pay the Company Transferred Employees such incentive compensation on the same basis as in effect prior to the Effective Date for the applicable performance measurement period which include the Effective Date.
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Cash Incentive Plans. Unless payment on a pro rata basis or otherwise is required at or immediately prior to the Closing by applicable Law, as of the Closing Date, Parent shall cause the Acquired Companies to continue the Sales Incentive Plan and the EBITDA Plan (collectively, the “Cash Incentive Plans”) in respect of the performance periods in effect as of the Closing Date until the end of the applicable performance periods, subject to any adjustment to the applicable performance goals that Parent determines in good faith is necessary to reflect the Closing. With respect to all Liabilities pursuant to the Cash Incentive Plans in respect of (i) GM Employees located outside of China and (ii) Continuing Employees located in China that relate to performance periods that are not completed prior to the Closing, Parent shall, or shall cause one of its Subsidiaries (including the Acquired Companies) to, make payments to eligible GM Employee participants thereunder, including, for the avoidance of doubt, with respect to the full performance period in which the Closing occurs (and, in the case of GM Employees outside of China, in respect of any performance period completed prior to Closing), based on Parent’s good faith determination of the level of achievement of performance goals in respect of such periods. GB Holdco shall retain all Liabilities pursuant to the Cash Incentive Plans in respect of GM Employees located in China that relate to any performance periods that are completed prior to the Closing, including the obligation to make payments to such GM Employees based on GB Holdco’s good faith determination of the level of achievement of performance goals in respect of such period, and all obligations in respect of reporting and withholding of Taxes.
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Cash Incentive Plans. BJI has adopted a Management Incentive -------------------- Plan and a Growth Incentive Plan containing substantially the same terms and conditions as the comparable Waban Management Incentive and Growth Incentive Plans (the "WMIP" and "WGIP"). Persons who become BJI Employees on the Distribution Date and who were participants in the WMIP and/or WGIP will be granted replacement awards under the BJI Management Incentive Plan and Growth Incentive Plan on substantially the same terms as applied to their prior unmatured awards, with modifications necessary to reflect the changes resulting from the Distribution. BJI will pay all amounts due to BJI employees under the replacement awards and Waban will have no liability to such BJI Employees with respect to the awards under the WMIP and WGIP.
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Cash Incentive Plans. BJI has adopted a Management -------------------- Incentive Plan and a Growth Incentive Plan containing substantially the same terms and conditions as the comparable Waban Management Incentive and Growth Incentive Plans (the "WMIP" and "WGIP"). Persons who become BJI Employees on the Distribution Date (whether or not such persons are also employees of HomeBase) and who were participants in the WMIP and/or WGIP will be granted replacement awards under the BJI Management Incentive Plan and Growth Incentive Plan on substantially the same terms as applied to their prior unmatured awards, with modifications necessary to reflect the changes resulting from the Distribution. BJI will pay all amounts due to BJI Employees under the replacement awards and Waban will have no liability to such BJI Employees with respect to the awards under the WMIP and WGIP; provided that any BJI Employee who is also an employee of HomeBase shall receive all payments from Waban to which such BJI Employee is otherwise entitled under the WMIP or WGIP.
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Cash Incentive Plans. The Realty Income Group shall pay to each Transferring Employee who was eligible to receive an annual cash bonus from VEREIT or a Subsidiary thereof as of immediately prior to the Merger Effective Time under VEREIT’s annual bonus program (the “VEREIT Annual Bonus Program”), a prorated 2021 annual bonus, payable within thirty (30) days following the Distribution Date, in an amount equal to the product of (A) such Transferring Employee’s 2021 target annual bonus amount, multiplied by (B) a fraction, the numerator of which is the number of days from January 1, 2021 through the Distribution Date and the denominator of which is 365. The Orion Group shall pay each Transferring Employee who was eligible to receive an annual cash bonus under the VEREIT Annual Bonus Program as of immediately prior to the Merger Effective Time, (x) if such Transferring Employee remains actively employed by the Orion Group through December 31, 2021, a pro-rated 2021 annual bonus in an amount equal to (A) such Transferring Employee’s 2021 target annual bonus amount, multiplied by (B) a fraction, the numerator of which is the number of days from the Distribution Date through December 31, 2021, and the denominator of which is 365 (such amount the “Pro-Rated 2021 Target Bonus”), payable no later than March 15, 2022 or (y) if such Transferring Employee’s employment is terminated by the Orion Group without Cause (as defined in the Merger Agreement) on or after the Distribution Date and prior to December 31, 2021, a prorated 2021 annual bonus, payable within thirty (30) days following the date of such termination of employment, equal to the product of (A) such Transferring Employee’s Pro-Rated 2021 Target Bonus, multiplied by (B) a fraction, the numerator of which is the number of days from the Distribution Date through the date of such termination and the denominator of which is the number of days from the Distribution Date through December 31, 2021 (provided that such prorated 2021 annual bonus shall not be payable to any Transferring Employee who is otherwise entitled to receive, and does receive, a prorated annual bonus payment for the same period of service under the terms of such Transferring Employee’s employment agreement with the Orion Group or pursuant to any other Orion Group plan, policy agreement or arrangement).
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Cash Incentive Plans 
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Related to Cash Incentive Plans

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Equity Incentive Plan The Option is a Nonqualified Option and subject to each and every provision of the Equity Incentive Plan which are incorporated by reference herein, as well as the terms and provisions set forth in this Stock Option Agreement and Notice of Grant (this “Stock Option Agreement”). The Equity Incentive Plan shall govern and be conclusive as to all matters not expressly provided for in this Stock Option Agreement. In the event of any conflict between the terms of this Stock Option Agreement and the Equity Incentive Plan, the terms of this Stock Option Agreement shall govern. All capitalized terms contained herein which are not otherwise defined herein shall have the meanings ascribed to them in the Equity Incentive Plan. By accepting the Option you agree to be bound by the provisions of the Equity Incentive Plan and this Stock Option Agreement. A copy of the Equity Incentive Plan has been previously provided to you.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

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