Incentive and Retirement Plans Sample Clauses

Incentive and Retirement Plans. During the Term, Executive shall be entitled to participate in all incentive and retirement plans, practices, policies and programs available to Peer Executives, and on the same basis as such Peer Executives, provided that nothing herein shall limit the ability of the Company to amend, modify or terminate any such benefit plans, policies or programs at any time and from time to time. Without limiting the foregoing, the following shall apply:
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Incentive and Retirement Plans. The Executive shall be entitled to -------------------------------- participate, during the Contract Term, in all incentive (including annual and long-term incentives), savings and retirement plans, practices, policies and programs available to other senior executives of the Company.
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Incentive and Retirement Plans. During the Term, Executive shall be entitled to participate in all incentive and retirement plans, practices, policies and programs available to Peer Executives, and on at least the same basis as such Peer Executives, provided that nothing herein shall limit the ability of the Company to amend, modify or terminate any such plans, practices, policies or programs at any time and from time to time. Without limiting the foregoing, during the Term, Executive shall be eligible for additional annual stock-based (or similar) awards under the CatchMark Timber Trust, Inc. 2017 Incentive Plan, as such plan may be amended from time to time (together with any successor plan, the “LTIP”), on such terms as the Compensation Committee shall determine in its sole discretion, with a target date-of-grant value equal to one hundred and eighty-five percent (185%) of Executive’s then Base Salary or such other amount as shall be determined by the Compensation Committee each year in its sole discretion. Nothing herein requires the Board or the Compensation Committee to make additional grants of stock-based awards in any year.
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Incentive and Retirement Plans. During the Employment Period, the Executive shall be entitled to fully participate in all incentive, stock option and retirement plans sponsored by the Holding Company and/or the Bank, including (i) a bank-owned life insurance policy (“BOLI”) under the same terms and conditions as provided to other executive officers of the Holding Company and Bank and providing a death benefit to Executive’s estate equal to 25% of the total policy death benefit with the balance of the death benefit paid to the Bank; and (ii) a Supplemental Executive Retirement Plan (“SERP”) not to exceed $50,000 per year for years. The level of participation or benefits under all incentive, stock option and retirement plans shall be subject to the discretion of the relevant Board of Directors.
Sample 1
Incentive and Retirement Plans. (a) Effective as of the Effective Date and subject to the approval of the Compensation Committee of the Board (the "Compensation Committee"), the following stock options to purchase Kellogg common stock previously granted to Employee shall, to the extent not previously vested, vest in full and shall remain exercisable up to 90 days following the Effective Date: (i) the 230,000 stock options granted to Employee on February 21, 2003 pursuant to the Xxxxxxx Company 2001 Long-Term Incentive Plan (the "2001 LTIP") that are currently scheduled to vest on February 21, 2005, and (ii) the 376,250 stock options granted to Employee on February 20, 2004 pursuant to the Xxxxxxx Company 2003 Long-Term Incentive Plan (the "2003 LTIP") that are currently scheduled to vest on February 20, 2005. All other awards granted to Employee under the 2001 LTIP and the 2003 LTIP or any other equity compensation plan shall be governed by the terms of the applicable plan and the award agreements thereunder, and Employee acknowledges that as a result, all stock options and other awards granted under such plans (and all other plans) that are unvested as of the Effective Date will be forfeited. Employee hereby waives any and all rights that he might otherwise have to be granted "accelerated ownership" or "reload" options in connection with any option exercise or otherwise under the 2001 LTIP or the 2003 LTIP or any other equity compensation plan. Employee's right to, and the amount of, payments pursuant to the 2002-2004 Executive Performance Plan (the "2004 EPP") and the 2004 Senior Executive Annual Incentive Plan will be governed by the terms of such plans, provided that, subject to Compensation Committee and Board approval, (i) Employee will receive any such payments prior to the Effective Date, and (ii) Employee will receive his 2004 EPP payment in cash rather than stock. For the avoidance of doubt, Employee hereby releases, waives and forfeits any and all right, title and interest in and to any other unvested options or any payment under the 2003-2005 Executive Performance Plan and under the 2005 Annual Incentive Plan.
Sample 1

Related to Incentive and Retirement Plans

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Compensation; Employment Agreements 16 5.15 Noncompetition, Confidentiality and Nonsolicitation Agreements; Employee Policies...... 16 5.16

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Severance Plans Trident shall cause Fountain to establish the Fountain Severance Plans, each effective as of the Fountain Distribution Date and each in substantially the same form(s) as the Trident Severance Plans as provided by Trident in the online data room in Folders 8.2.2.3, 8.2.2.4 and 8.2.2.5 as of the date of this Agreement (provided that Trident will, prior to establishing such Fountain Severance Plans, amend Section 3.02(b)(x) of the Trident Severance Plan in Folder 8.2.2.5 to be identical to Section 3.02(b)(x) of the Trident Severance Plan in Folder 8.2.2.3 and such amended plan shall serve as the form for the corresponding Fountain Severance Plan) and, correspondingly, Fountain Employees and Former Fountain Employees who are currently eligible to receive or are receiving severance payments shall cease participating in the Trident Severance Plans on the Fountain Distribution Date. After the Fountain Distribution Date: (i) Fountain shall be solely responsible for (x) the payment of all Liabilities under the Trident Severance Plans (as amended pursuant to the proviso above) or Fountain Severance Plans relating to Fountain Employees and Former Fountain Employees, (y) the management and administration of the Fountain Severance Plans and (z) the payment of all employer-related costs in establishing and maintaining the Fountain Severance Plans, and (ii) Trident shall retain sole responsibility for (w) all Liabilities under the Trident Severance Plans or Fountain Severance Plans relating to Trident Employees and Former Trident Employees, (x) all Liabilities for severance or termination pay or benefits under individual agreements entered into with any Trident Employee or Former Trident Employee prior to the Fountain Distribution Date, (y) the management and administration of the Trident Severance Plans and (z) the payment of all employer-related costs in maintaining the Trident Severance Plans. In no event shall an employee or former employee receive a duplication of severance benefits. Except as provided below, Fountain shall be solely responsible for the adjudication of any claims filed by a Fountain Employee or Former Fountain Employee before, on or after the Fountain Distribution Date under a Trident Severance Plan. Notwithstanding the previous sentence, Trident shall be solely responsible for the adjudication of any claim filed by a Fountain Employee or Former Fountain Employee under a Trident Severance Plan before the Fountain Distribution Date that (A) has not been finally adjudicated by Trident on the day immediately preceding the Fountain Distribution Date; and (B) under the applicable claims procedure, Trident’s plan administrator or other authorized person or committee will have a less than sixty (60) day period after the Fountain Distribution Date to respond to such claim. Notwithstanding the previous sentence, if Trident’s response to such claim does not finally adjudicate the claim, Trident shall immediately upon sending its response to the claimant transfer administration of such claim to Fountain for final adjudication.

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

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