Incentive Compensation and Deferred compensation Clause Samples
Incentive Compensation and Deferred compensation. ▇▇▇▇▇ shall be eligible to participate in the Trinity’s 1998 Option Plan, the Trinity Capital Corporation 2005 Stock Incentive Compensation Plan, the Trinity Capital Corporation 2005 Deferred Compensation Plan and any other plan adopted by Trinity. Stock Incentive grants may be awarded at the sole discretion of the Board. Participation in the Trinity’s Deferred Compensation Plan is permitted pursuant to the limitations established by the Board from time to time.
Incentive Compensation and Deferred compensation. Employee shall receive a tenure-related cash bonus payment in the amount of ninety-three thousand ninety-two dollars ($93,092) no later than five (5) business days after the later to occur of (i) Employee's Last Day Worked, or (ii) the end of the Revocation Period. Otherwise, Employee is not entitled to receive any cash bonus payment pursuant to any other incentive compensation plan. Salary or bonus awards that Employee has previously deferred, if any, will be distributed in accordance with Employee's individual deferred compensation agreement(s). The last day of the Period will be considered to be Employee's termination date for purposes of Employee's deferred compensation agreement(s), if any.
Incentive Compensation and Deferred compensation. Employee shall receive a combined tenure-related and bonus multiple cash bonus payment in the amount of four hundred forty thousand dollars ($440,000) no later than five (5) business days after Employee's Last Day Worked. Employee is not entitled to receive any cash bonus payment pursuant to any other incentive compensation plan. Salary or bonus awards that Employee has previously deferred, if any, will be distributed in accordance with Employee's individual deferred compensation agreement(s) or pursuant to any deferred compensation plan elections made by Employee.