Compensation Plans and Programs Sample Clauses
Compensation Plans and Programs. Executive shall be eligible to participate in any compensation plan or program maintained by the Company from time to time, which compensation plans and programs are intended to be comparable to those currently maintained by the Company, in which other senior executives of the Company participate on terms that are intended to be comparable to those applicable to such other senior executives.
Compensation Plans and Programs. Executive shall be eligible to participate in any Compensation Plan or Program 401(k) Stock Option Plan maintained by the Company in which other Executives or employees of the Company participate, on similar terms.
Compensation Plans and Programs. Executive shall participate in any ------------------------------- compensation plan or program, annual or long-term, maintained by Holdings and participated in by senior executives of the Company generally on terms taking into account Executive's title and position with the Company.
Compensation Plans and Programs. Executive shall participate in any compensation plan or program, annual or long-term, maintained by the Company on terms no less favorable than those applicable to other senior management personnel of the Company.
Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short-term (annual) or long-term, maintained by Holdings and participated in by senior executives of the Company generally on terms taking into account Executive's title and position with the Company. Executive's short-term incentive award target is $70,000.
Compensation Plans and Programs. (a) The Company acknowledges and agrees that Executive’s participation in the Finish Line FY 12 Executive Officer Bonus Program (including the superbonus program) (the “FY12 EOBP”) and the Finish Line 2010 Long Term Incentive Bonus Program (fiscal years 2010-2012) (the “2010 LTIBP”) shall not be affected by this Agreement and that Executive shall be paid such bonus payments, if any, as are determined by the Compensation Committee of the Board of Directors of the Company pursuant to the terms of such plans and at the time such bonus payments are made to the other executive officers.
(b) Except as otherwise set forth in Section 4(a) or Section 5 of this Agreement, Executive acknowledges and agrees that he is not entitled to any payment or benefit under or pursuant to, and hereby waives any claims or rights with respect to, each and every plan, program or agreement in which Executive was or is a participant or party including, without limitation, any past, present, or future Long Term Incentive Program, bonus, or equity award program.
(c) Notwithstanding the foregoing, with respect to the FY12 EOBP, the 2010 LTIBP, and the severance payments described in Section 5 of this Agreement, such payments shall be conditioned on: (i) Executive’s full cooperation and assistance in the transition of his duties and responsibilities as determined in the reasonable discretion of the CEO; (ii) Executive’s compliance with this Agreement in all respects; (iii) the execution and delivery by Executive of this Agreement (without revocation) within the period provided to Executive to consider this Agreement; and (iv) the execution and delivery by Executive of the First Reaffirmation of Resignation and General Release Agreement attached as Exhibit A (the “First Reaffirmation Agreement”) which shall be dated and delivered to the Company by Executive on the Resignation Date and on the condition that the Reaffirmation Agreement is not revoked by Executive as provided therein; and (v) the execution and delivery by Executive of the Second Reaffirmation of Resignation and General Release Agreement attached as Exhibit B (the “Second Reaffirmation Agreement”) which shall be dated and delivered to the Company by Executive within thirty (30) days following March 29, 2012, and on the condition that the Reaffirmation Agreement is not revoked by Executive as provided therein.
Compensation Plans and Programs. Executive shall be eligible to participate in any compensation plan or program maintained by the Company other than plans or programs related to (i) Company options; provided, however, that the limitation in this clause (i) shall not apply in any Company fiscal year beginning after October 1, 2006 and (ii) restricted stock; provided, however, that the limitation in this clause (ii) shall not apply in any Company fiscal year beginning after September 28, 2002 .
Compensation Plans and Programs. Executive shall be eligible to participate in any compensation plan or program maintained by Employer in which other senior executives of the Company participate on terms commensurate with his position and level of responsibility, and to receive equity-based incentive awards based upon achievement of performance goals based partially upon PPL Corporation’s and partially on the Company’s performance. Executive’s long-term incentive plan participation target level shall not be less than 100% of Base Salary.
Compensation Plans and Programs. Executive will not be entitled to any short term incentive, annual bonus or long term incentive plans other than Class B and Class C Incentive Equity Units, which, as of September 29, 2003 are already 100% vested with Executive. However, during the Term, Executive shall be paid an annual amount equal to $23,333.35 that shall be withheld and directly paid as interest on a certain note owed by Executive to a subsidiary of Holdings.
Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short term (annual) or long term, maintained by Holdings and participated in by senior executives of Holdings generally on terms taking into account Executive’s title and position with Holdings. Executive’s short-term incentive award target is $175,000.
(a) Provided that Executive remains an employee of Holdings on the date of each such Special Award Bonus (as defined below), and in addition to any other compensation plan or program, annual or long-term as described in this Section 3.3, Executive shall be paid a special annual award (the “Special Award Bonus”) on the Effective Date and each of the next four anniversary dates of the Effective Date in the amount per year equal to $153,049.40 plus all interest then accrued on the outstanding balance of that certain Non-Recourse Demand Note dated December 31, 2001 executed by Executive in favor of Holdings in the principal amount of $298,579.78 (the “MRTC Note”) and all interest then accrued on the outstanding balance of that certain Non-Recourse Demand Note dated January 4, 2002 executed by Executive in favor of Madison River Capital, LLC (“MRC”) in the principal amount of $466,667.00 (the “MRC Note” and together with the MRTC Note, the “Notes”), all as is more fully described on the attached Schedule A. The Special Award Bonus shall be withheld by Holdings and directly applied as a payment of interest and reduction of principal owed by Executive to Holdings or MRC pursuant to the Notes. The amount of the Special Award Bonus shall be applied first to the payment of accrued but unpaid interest on, and then to the outstanding principal balance of, the MRTC Note. After payment in full of all amounts owing on the MRTC Note, the amount of any additional Special Award Bonuses shall be applied next to the payment of accrued but unpaid interest on, and then to the outstanding principal balance of, the MRC Note. Notwithstanding the foregoing, in the event that (i) Executive’s employment is terminated by Holdings other than for Cause (as defined herein), by Executive for Good Reason (as defined herein), or due to the death or Disability (as defined herein) of Executive, or (ii) on or before December 31, 2005, Holdings does not offer to extend Executive’s employment pursuant to this Agreement for a period of not less than two years on terms not less favorable than the terms set forth herein (and provided Executive’s employment has not previously been other...