Incentive Compensation (Cash). (i) Ultra agrees to pay, and Executive shall be eligible to receive, cash incentive compensation (any such compensation, a “Cash Incentive”) pursuant to short-term incentive programs for Ultra established by the Compensation Committee (each such program, an “AIP”). Each AIP is expected to be for a one-year performance period and is expected to establish reasonable performance targets and goals that reflect and take into account Ultra’s shorter-term corporate objectives.
Appears in 6 contracts
Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)
