Executive Incentive Plan. The Executive shall be eligible to participate in an Executive Incentive Plan, to be defined and adopted by the Board on or before the first anniversary of the Effective Date of this Amended Agreement, through which the Executive may be eligible to receive an Annual Executive Incentive Bonus, consisting of cash, stock and/or any other compensation deemed appropriate by the Compensation Committee, subject to meeting prerequisite criteria as established by the Board.
Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less than $300,000 in cash in exchange for shares of the Company's parent's common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying $300,000 from the sign-on bonus (as specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's parent and the stockholders of the Company's parent.
Executive Incentive Plan. The Executive shall be entitled to participate each year in the Corporation's Executive Incentive Share Purchase Plan or any successor plan thereto (all such plans referred to in the aggregate as the "EISPP") to the extent that the Executive's performance exceeds 100% of the annual performance objectives established for him. Any award earned for 2006 shall be prorated to reflect employment in 2006 following the Hire Date. The EISPP is governed by its terms and is subject to amendment to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code").
Executive Incentive Plan. You will be eligible for the 2013 Executive Incentive Plan (“EIP”). Your EIP bonus opportunity will be prorated from your effective hire date and your target incentive amount will be equal to 70% of your annualized base salary. The EIP plan can payout anywhere between zero and 150% of target if the company’s performance exceeds the performance goals. The actual amount of any such bonus will be determined in accordance with the terms of the EIP. You must be employed on the last day of the bonus year to be eligible for any bonus payout, where applicable. Additional information regarding the 2013 program will be made available to you in March. For the 2013 EIP, you will receive the greater of 50% of your target incentive amount ($175,000) or the actual amount earned in accordance with the actual plan results for the year. This payout would occur in the same time frame as other incentive payments.
Executive Incentive Plan. (a) Promptly after the date hereof, the Company shall communicate and explain the terms of the 2006 Executive Incentive Plan to all employees covered by such Plan and shall use reasonable best efforts to cause all such employees to be bound by the terms thereof.
(b) The Company agrees that, without Parent’s consent, it shall not make and shall not agree to make any changes to the terms of the Executive Incentive Plan.
Executive Incentive Plan. I will be eligible to receive an Executive Incentive Plan (EIP) payment for Fiscal Year 2004. Such payment will be based solely on the actual corporate performance as established in the beginning of such fiscal year, with no discretionary adjustment made to it. This amount will be paid in a single lump sum payment in cash (or deferred if previously elected) at the time all other EIP participants receive payment.
Executive Incentive Plan. The Executive shall be entitled to participate each year in the Corporation's Executive Incentive Share Compensation Plan under terms substantially the same as those applicable under the Executive Share Compensation Plan in effect on January 4, 2004 or any successor plan thereto (all such plans referred to in the aggregate as the "EISCP") to the extent that the Executive's performance exceeds 100% of the annual performance objectives established for him.
Executive Incentive Plan. The Executive shall be entitled to participate in Cott's Executive Incentive Share Compensation Plan to the extent that the Executive's performance exceeds 100% of the annual performance objectives established for him.
Executive Incentive Plan. CLASS A STOCK UNIT AGREEMENT
Executive Incentive Plan. In addition to the Base Salary, Employee shall be eligible to receive a bonus of up to 50% of his Annual Base Salary for the fiscal year ending December 31, 2001, prorated for the months worked during the 2001 fiscal year, provided the Company achieves certain pre-defined EBIDTA targets and the Employee is employed by COMSYS on the generally applicable bonus payout dates. This provision is not intended to limit the amount of the bonus to fifty percent (50%) of Employee’s Annual Base Salary and the bonus may be increased in any given year at the sole discretion of the Chief Executive Officer. A separate document outlining the Executive Incentive Plan shall be provided to Employee. For each subsequent year the Employee remains employed, he shall be eligible for the Executive Incentive Plan that will be provided to similarly situated executives within the Company.
