Common use of Compensation Plans and Programs Clause in Contracts

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.

Appears in 2 contracts

Samples: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

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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 Holdings generally on terms taking into account Executive's title and position with the CompanyHoldings. Executive's short-term incentive award target is $70,000175,000.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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 $70,000300,000.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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. 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 in the amount equal to $23,333.35 which shall be withheld and directly paid as interest on a certain note owed by Executive to a subsidiary of Holdings. Executive's short-term incentive award target is $70,000175,000.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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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 $70,00060,000.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short-short term (annual) or long-long term, maintained by Holdings and participated in by senior executives of the Company Holdings generally on terms taking into account Executive's ’s title and position with the CompanyHoldings. Executive's ’s short-term incentive award target is $70,000175,000.

Appears in 1 contract

Samples: Employment Agreement (Madison River Capital LLC)

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