Common use of Incentive Award Clause in Contracts

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.

Appears in 11 contracts

Samples: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

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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 DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 3 contracts

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth Earnings Growth and Return On Equity (the "XXXROE") and determined as of December 31 of xx each plan year shall determine the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth ROE was calculated times the Incentive Inxxxtive Award Percentage.

Appears in 3 contracts

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "XXXRXX") and determined as of December 31 of each plan year shall determine the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth RXX was calculated times the Incentive Award Percentage.

Appears in 2 contracts

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "XXXROE") and determined as of December 31 of each plan year shall determine determxxx the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth ROE was calculated times the Incentive Award Percentage.

Appears in 1 contract

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

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Incentive Award. The three (3) year rolling average of earnings growth Earnings Growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 1 contract

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "XXXROE") and determined as of December 31 of xx each plan year shall determine the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth ROE was calculated times the Incentive Incentxxx Award Percentage.

Appears in 1 contract

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "XXXROE") and determined as of December 31 of 30 xf each plan year shall determine the DirectorExecutive'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 DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the XXX and Earnings Growth ROE was calculated times the Incentive Award Percentage.

Appears in 1 contract

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

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