Executive Incentive Compensation Plan. During the twelve (12) month period subsequent to any Change in Control, neither the Company, nor, if applicable, any successor to the Company, will eliminate the Executive's participation in the Company's Executive Incentive Compensation Plan or reduce the Executive's target bonus amount under that plan."
Executive Incentive Compensation Plan. You will be eligible to ------------------------------------- participate in the Company's Executive Incentive Compensation Plans when and if they exist on the same basis generally made available to its other executives. Payment of a bonus under this plan will be based upon the achievement of financial performance objectives by the Company as well as achievement of individual performance objectives by you.
Executive Incentive Compensation Plan. Each year in which the Company meets or exceeds its performance plan, Executive shall be entitled to receive a cash bonus of approximately 45% of Executive's current minimum annual base salary. The precise amount of such bonus shall be determined by the Compensation Committee of the Board of Directors of the Company.
Executive Incentive Compensation Plan. On the Effective Date, the Company will pay Executive a bonus amount for the 1999 year under the Company's Executive Incentive Compensation Plan equal to a gross amount, before withholding, of Three Hundred Forty-Seven Thousand Two Hundred Fifty Dollars Exactly ($347,250). Executive shall not be entitled to any further payments under the Company's Executive Incentive Compensation Plan, including for any period after 1999. Nothing in this paragraph shall create any inference or expectation regarding bonuses actually to be paid to participants in such Plan for the 1999 year, which may be above or below target amounts for individuals or in the aggregate.
Executive Incentive Compensation Plan. (a) Hertz EICP. New Hertz Holdings or another member of the Hertz Group shall be solely responsible for funding, paying, and discharging all obligations relating to the Hertz EICP.
Executive Incentive Compensation Plan. Effective as of the Closing, the Seller shall cause the Company to terminate its participation as an adopting employer with respect to the Quanex Corporation Executive Incentive Compensation Plan maintained for the benefit of current and former key salaried employees of the Seller and its subsidiaries and their beneficiaries. None of the Company, the Buyer or Niagara shall assume any liability with respect to the Quanex Corporation Executive Incentive Compensation Plan.
Executive Incentive Compensation Plan. During the term of this Agreement, Executive shall be eligible to participate in the Company's Executive Incentive Compensation Plan (the "Executive Plan"). During any fiscal year for which Executive remains continuously employed by the Company and meets the annual objectives established pursuant to the Executive Plan, Executive shall be entitled to receive incentive compensation equal to DM 82,500 ("Incentive Compensation"). In addition, in any fiscal year for which Executive remains continuously employed by the Company and exceeds the annual objectives established pursuant to the Executive Plan, Executive may be entitled to receive up to DM 53,625 in additional Incentive Compensation (the "Additional Incentive Compensation"), which Additional Incentive Compensation shall be awarded in the absolute discretion of the Board. Notwithstanding any provision of this Agreement to the contrary, regardless of whether Executive meets or exceeds the annual objectives established for him for the fiscal year ending December 31, 1996, if Executive remains employed by the Company under this Agreement for the period from the date of this Agreement through December 31, 1996, Executive shall be entitled to receive the Incentive Compensation of DM 82,500 for such fiscal year. Any amounts due to Executive as Incentive Compensation or Additional Incentive Compensation shall be paid in the manner provided in, and subject to the terms and conditions of, the Executive Plan. Executive's performance will be reviewed annually, and subject to the absolute discretion of the Board, the amounts of Incentive Compensation or Additional Incentive Compensation to which Executive may be eligible for any fiscal year subsequent to 1996 may be increased by the Board. The Company reserves the absolute right in its sole and exclusive discretion from time to time to amend, modify, curtail, discontinue or otherwise terminate the Executive Plan (each a "Change Event"), and Executive's rights to Incentive Compensation or Additional Incentive Compensation shall at all times be subject to such actions; provided, however, that if Executive meets the annual objectives established for the year in which a Change Event occurs and such Change Event would serve to diminish or eliminate the Incentive Compensation that Executive is entitled to receive, then regardless of the Change Event, Executive shall still be entitled to receive all earned Incentive Compensation and Additional Incentive Compensation for su...
Executive Incentive Compensation Plan. Amber will be eligible to receive, in addition to his Base Salary, an annual incentive compensation payment which would equal, at a minimum, fifty percent (50%) of Amber's current Base Salary, and at a maximum, seventy-five (75%) of Amber's Base Salary, provided the Company achieves pre-defined goals for that period. These goals will be determined mutually between Amber and the Board of Directors. Similar bonuses will apply in subsequent fiscal years. These payments will normally be made on a six month retroactive basis, on February 28th and August 31st of each fiscal year. If Amber terminates his employment voluntarily, Amber shall be entitled to receive a payment pro-rated in accordance with the period of Amber's employment with the Company during the applicable fiscal year, provided that the pre-determined goals for that period were met. Payment in this case will be made at the normal February 28th or August 31st interval. Amber shall be obligated to make maximum contributions to any 401(k) or Profit Sharing Plan.
Executive Incentive Compensation Plan. Veenxxxx xxxl be eligible to receive, in addition to his Base Salary, an annual incentive compensation payment which would equal, at a minimum, fifty percent (50%) of Veenstra's current Base Salary, and at a maximum, seventy-five (75%) of Veenstra's Base Salary, provided the Company achieves pre-defined goals for that period. These goals will be determined mutually between Veenxxxx xxx the Board of Directors. Similar bonuses will apply in subsequent fiscal years. These payments will normally be made on a six month retroactive basis, by August 30th of the current fiscal year, and February 28th of the next fiscal year. In the event that Veenxxxx xxxminates his employment voluntarily, Veenxxxx xxxll be entitled to receive a payment pro-rated in accordance with the period of Veenstra's employment with the Company during the applicable fiscal year, provided that the predetermined goals for that period were met. Payment in this case will be made at the normal August 30th or February 28th interval.
Executive Incentive Compensation Plan. Xxxxxxx X. Xxxx will not participate or be eligible for participation in the Executive Incentive Compensation Plan after October 31, 2002.
