For Incentive Sample Clauses

For Incentive. Stock Options, upon any termination of employment of the holder for any reason other than for cause, death or disability, any such Option held at the date of such employment termination may, to the extent exercisable, be exercised within three (3) months after the date of such employment termination. If Holdxx'x xmployment with the Company terminates for any reason prior to the Exercise Date, this Option shall be immediately terminated, cancelled and of no further effect. Upon any termination of employment of the holder by reason of disability, within the meaning of section 22(e)(3) of the Code or any successor provision, any such Option held at the date of such employment termination may, to the extent exercisable, be exercised within twelve (12) months after the date of such employment termination. If the holder of such an Option dies, except as otherwise provided in the particular Stock Option agreement, any such Option held at the date of death may, to the extent exercisable, be exercised by a legatee or legatees of the holder under the holder's last will, or by the holder's personal representatives or distributees, within twelve (12) months after the holder's death. This section 13 shall not extend the term of the Option specified pursuant to section 1(d). For purposes of this section 13, employment of a holder shall not be deemed terminated so long as the holder is employed by the Company, by a subsidiary of the Company or by another corporation (or a parent or subsidiary corporation of such other corporation) which has assumed the Option of the holder in a transaction to which section 424(a) of the Code or any successor provision is applicable. For purposes of this section 13, the extent to which such an Option is exercisable shall be determined as of the date of termination of employment. (i) If the Holder retires from his or her employment with the Company with management approval in the sole discretion of the Compensation Committee of the Company, then the Holder shall remain on the Vesting schedule and this Option shall be exercisable by such retired Holder at such time(s) as if the Holder had remained a full-time employee of the Company. Retirement means permanent cessation of full-time employment. (ii) If a retired Holder resumes working after retirement, other than on a limited part-time basis, in the sole discretion of the Compensation Committee, then all unexercised Options shall immediately terminate. If a retired Holder becomes employed b...
Sample 1
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For Incentive. Stock Options, upon any termination of employment of the holder for any reason other than for cause, death or disability, any such Option held at the date of such employment termination may, to the extent exercisable, be exercised within three (3) months after the date of such employment termination. Upon any termination of employment of the holder by reason of disability, within the meaning of section 22(e)(3) of the Code or any successor provision, any such Option held at the date of such employment termination may, to the extent exercisable, be exercised within twelve (12) months after the date of such employment termination. If the holder of such an Option dies, except as otherwise provided in the particular Stock Option agreement, any such Option held at the date of death may, to the extent exercisable, be exercised by a legatee or legatees of the holder under the holder's last will, or by the holder's personal representatives or distributees, within twelve (12) months after the holder's death. This section 13 shall not extend the term of the Option specified pursuant to section 1(d). For purposes of this section 13, employment of a holder shall not be deemed terminated so long as the holder is employed by the Company, by a subsidiary of the Company or by another corporation (or a parent or subsidiary corporation of such other corporation) which has assumed the Option of the holder in a transaction to which section 424(a) of the Code or any successor provision is applicable. For purposes of this section 13, the extent to which such an Option is exercisable shall be determined as of the date of termination of employment.
Sample 1

Related to For Incentive

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

  • Incentive ‌ Incentives are defined under FAR Subpart 16.4, Incentive Contracts, and other applicable agency-unique regulatory supplements. The OCO will determine fair and reasonable pricing for all Incentive Task Orders and develop a plan to implement and monitor an Award-Fee, Incentive-Fee, or Award-Term result in accordance with FAR 15.4, Pricing.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Vesting of Stock Options All unvested stock options held by Executive, if any, shall vest immediately upon a Change of Control Termination as defined in Section 6.1.

  • 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.

  • 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.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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