Cash Incentive Program Sample Clauses

Cash Incentive Program. During the Term, Executive will be eligible to participate in a short-term cash or equity incentive program under which incentive compensation awarded will be based on the Company’s achievement of results set forth in a particular year. Executive’s target bonus and the target achievement shall be set annually by the Company in consultation with the Executive. Any bonus awarded to the Executive under the cash incentive program shall be paid within 30 days after the issuance of the Company’s final audited financial statements for such calendar year, but in no case later than 120 days after the end of such calendar year. Executive must be employed through the last day of the fiscal year, which shall not fall within any notice period under Section 3(c) or 3(d) of the Agreement, to be considered for payment under this Program. Any bonus awarded for achieving such targets for the first or last fiscal year covered by this Agreement may be rewarded by the proportional number of weeks worked by Executive.
Sample 1Sample 2
AutoNDA by SimpleDocs
Cash Incentive Program. During the Employment Term, Executive shall have the opportunity to earn a cash incentive award of up to 100% of Annual Salary for each fiscal year of the Company (the “Cash Incentive Award”). The cash incentive award, if any, shall be prorated for any partial year of Executive’s employment with the Company, based on actual performance. The Cash Incentive Award, if any, shall be determined by, and in the sole and absolute discretion of, the Compensation Committee of the Parent Board (or if no such committee is in place, the Parent Board) in consultation with the Group CEO and the Xxxxxxxx Managing Agency Limited Compensation Committee. The Compensation Committee of the Parent Board (or if no such committee, the Parent Board) in consultation with the Group CEO and the Xxxxxxxx Managing Agency Limited Compensation Committee, shall determine the amount (if any) and terms of any cash incentive award (including any applicable performance criteria and/or deferral component). The determinations of the Compensation Committee of the Parent Board (or if no such committee, the Parent Board) in respect of the cash incentive program shall be final and binding on all parties. The terms of any cash incentive program shall be communicated to Executive under separate cover.
Sample 1
Cash Incentive Program. During the Employment Term, Executive shall have the opportunity to earn a cash incentive award for each fiscal year of the Company. The cash incentive award, if any, shall be prorated for any partial year of Executive’s employment with the Company, based on actual
Sample 1
Cash Incentive Program. (a) For calendar year 2022, the Executive shall be eligible to participate in the Company’s annual cash incentive program. The Executive shall be eligible to earn an annual cash incentive compensation award based upon a target award opportunity of $1,242,000, which is equal to 120% of his Base Compensation, subject to achievement of the pre-established performance metrics under the program and the terms and conditions of such program and the Company’s Non-Equity Incentive Plan, and any such award shall be paid in full without proration. Any bonus award for calendar year 2022 shall be made to Executive less all applicable taxes, deductions, and other withholdings at the same time that bonus awards, if any, are made to other participants in the annual cash incentive program generally. (b) The Executive shall be paid any bonus award earned under the 2021 annual incentive program at the same time that bonus awards are paid to other participants in the annual cash incentive program generally, subject to the terms and conditions of such program and the Company’s Non-Equity Incentive Plan. Any such award shall be paid in full without proration.
Sample 1
Cash Incentive Program. Each year during the Employment Term, Executive shall be eligible to earn an incentive award under the Company’s annual cash incentive plan as may be in effect from time to time (the “Annual Bonus”). Executive’s target Annual Bonus opportunity shall be calibrated at a target of 160% of Base Salary (the “Target Bonus”), and Executive’s Annual Bonus opportunity shall range from a minimum of 0% of the Target Bonus to a maximum of 200% of the Target Bonus. The Annual Bonus for any fiscal year, if any, shall be determined by the Company’s achievement of financial and non-financial goals, the terms of which shall be established by the Compensation Committee of the Board (the “Committee”), after consultation with Executive. The Committee shall determine achievement of the applicable performance criteria and the amount (if any) of any Annual Bonus. The determinations of the Committee in respect of the Annual Bonus shall be final and binding on all parties absent manifest error. The Annual Bonus, if any, will be paid at the same time that the Company pays annual bonuses to its other executive employees (in the calendar year immediately following the end of the fiscal year to which such Annual Bonus relates), subject to Executive’s continued employment with the Company through the payment date, except as otherwise provided for in this Agreement.
Sample 1
Cash Incentive Program. During the Employment Term, Executive shall have the opportunity to earn a cash incentive award of up to 100% of Base Salary for each fiscal year of the Company, based on actual performance (the “Cash Incentive Award”). The Cash Incentive Award, if any, shall be determined by, and in the sole and absolute discretion of, the Compensation Committee of the Parent Board (or if no such committee is in place, the Parent Board) in consultation with the CEO. The Compensation Committee of the Parent Board (or if no such committee, the Parent Board) in consultation with the CEO, shall determine the amount (if any) and terms of any Cash Incentive Award (including any applicable performance criteria and/or deferral component). The determinations of the Compensation Committee of the Parent Board (or if no such committee, the Parent Board) in respect of the cash incentive program shall be final and binding on all parties. Pursuant to the terms of this Agreement, the Executive shall receive a guaranteed minimum Cash Incentive Award for the fiscal year 2020 of $208,000 (Two Hundred and Eight Thousand Dollars), payable in line with customary cash incentive practices.
Sample 1
Cash Incentive Program. To the extent that, in connection with a Corporate Transaction, the successor corporation (or its parent) replaces the Option with a cash incentive program, Optionee's right to receive cash payments for the Option Shares will be paid out no later than in accordance with the Vesting Schedule. However, if Optionee's Service is Involuntarily Terminated within twelve months following a Corporate Transaction, then Optionee's right to receive all of the cash payments that are unvested as of the date of the Involuntary Termination shall be accelerated in full and shall no longer be subject to the Vesting Schedule.
Sample 1
AutoNDA by SimpleDocs
Cash Incentive Program. Pursuant to Section 125 of the Internal Revenue Code, an employee covered by this agreement may drop their health benefits coverage and receive 25% of the cost of the premium in lieu of coverage offered by the Board. An employee covered by this agreement may, as an alternative, reduce their health benefits coverage (e.g. go from Family to Single) and receive 25% of the difference between the premium charges in lieu of covered offered by the Board. This cash benefit is taxable in accordance with IRS requirements. This incentive applies to health and prescription benefits. Dental coverage is excluded.
Sample 1
Cash Incentive Program. During the Employment Term, Executive shall have the opportunity to earn a target cash incentive award of 100% of Base Salary for each fiscal year of the Company (the “Cash Incentive Award”). The cash incentive award, if any, shall be prorated for any partial year of Executive’s employment with the Company, based on actual performance. The cash incentive award, if any, shall be determined by, and in the sole and absolute discretion of, the Compensation Committee of the Board (or if no such committee is in place, the Board) in consultation with the CEO. The Compensation Committee of the Board (or if no such committee, the Board) in consultation with the CEO, shall determine the amount (if any) and terms of any cash incentive award (including any applicable performance criteria and/or deferral component). The determinations of the Compensation Committee of the Board (or if no such committee, the Board) in respect of the cash incentive program shall be final and binding on all parties. The terms of any cash incentive program shall be communicated to Executive under separate cover.
Sample 1

Related to Cash Incentive Program

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • 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.

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Incentive Compensation Program In order to enhance consistency in sales efforts for products offered inside and outside of Covered California, Contractor shall consider information provided by Covered California regarding sales commissions in order to credit the Agent’s sale of QDPs through Covered California for Small Business to the Agent’s sale of Contractor’s policies outside Covered California for purposes of determining Agent’s aggregate sales that shall be used by Contractor to determine incentive or other compensation payable by Contractor to Agent. Contractor shall provide information as may reasonably be required by Covered California from time to time to monitor Contractor’s compliance with the requirements set forth in this section.

  • 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.

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.9.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.9.1, except the Multiplier, shall apply pro-rata. 4.9.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.9.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!