Common use of Incentive Cash Compensation Clause in Contracts

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Board (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board to receive awards from any plan of the Company or any of its affiliated companies providing for the payment of bonuses in cash to employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section 16(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 6 contracts

Samples: Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International)

AutoNDA by SimpleDocs

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Board Compensation Committee (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board Compensation Committee to receive awards from any plan of the Company or any of its affiliated companies (as defined in Section 15(d) below) providing for the payment of bonuses in cash to senior management employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section 16(e15(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 5 contracts

Samples: Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International)

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Compensation Committee of the Board (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board to receive awards from any plan of the Company or any of its affiliated companies providing for the payment of bonuses in cash to employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section 16(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International)

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Board Compensation Committee (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board Compensation Committee to receive awards from any plan of the Company or any of its affiliated companies providing for the payment of bonuses in cash to employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section 16(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Service Corporation International)

AutoNDA by SimpleDocs

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Board Compensation Committee (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board Compensation Committee to receive awards from any plan of the Company or any of its affiliated companies (as defined in Section 14(d) below) providing for the payment of bonuses in cash to senior management employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section 16(e14(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Service Corporation International)

Incentive Cash Compensation. During the Employment Period, he shall be eligible annually for a cash bonus at the discretion of the Board Compensation Committee (such aggregate awards for each year are hereinafter referred to as the "Annual Bonus") and at the discretion of the Board Compensation Committee to receive awards from any plan of the Company or any of its affiliated companies providing for the payment of bonuses in cash to employees of the Company or its affiliated companies having rank comparable to that of the Employee (such plans being referred to herein collectively as the "Cash Bonus Plans") in accordance with the terms thereof; provided, however, that, during the Change of Control Period, the Employee shall be awarded, for each fiscal year ending during the Change of Control Period, an Annual Bonus at least equal to the Highest Recent Bonus (as defined in Section section 16(e) below). Each Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Service Corporation International)

Time is Money Join Law Insider Premium to draft better contracts faster.