Common use of Incentive Compensation Opportunities Clause in Contracts

Incentive Compensation Opportunities. During the Term of Employment, Genuity will provide you with the opportunity to earn an annual bonus in accordance with the terms and conditions of the Genuity Executive Incentive Plan or any successor plan ("EIP") and long-term incentive opportunities in accordance with the terms and conditions of the Genuity Long-Term Incentive Plan or any successor plan ("LTIP"), in each case at a level commensurate with the opportunity offered to other similarly situated senior executives of Genuity. Fringe Benefits - You will be eligible for perquisites and fringe benefits available to similarly situated senior executives of Genuity consistent with company policy or as approved by the Board. A summary of key provisions of the policy, as currently proposed, are attached. Of course, Genuity does not guarantee the continuation of any particular benefit or program, and the perquisites available to you and other executives at your level are subject to change.

Appears in 3 contracts

Samples: Employment Agreement (Genuity Inc), Employment Agreement (Genuity Inc), Employment Agreement (Genuity Inc)

AutoNDA by SimpleDocs

Incentive Compensation Opportunities. During the Term of Employment, Genuity will provide you with the opportunity to earn an annual bonus in accordance with the terms and conditions of the Genuity Executive Incentive Plan or any successor plan ("EIP") and long-term incentive opportunities in accordance with the terms and conditions of the Genuity Long-Term Incentive Plan or any successor plan ("LTIP"), in each case at a level commensurate with the opportunity offered to other similarly situated senior executives of Genuity. Fringe Benefits FRINGE BENEFITS - You will be eligible for perquisites and fringe benefits available to similarly situated senior executives of Genuity consistent with company policy or as approved by the Board. A summary of key provisions of the policy, as currently proposed, are attached. Of course, Genuity does not guarantee the continuation of any particular benefit or program, and the perquisites available to you and other executives at your level are subject to change.

Appears in 1 contract

Samples: Employment Agreement (Genuity Inc)

AutoNDA by SimpleDocs

Incentive Compensation Opportunities. During the Term of Employment, Genuity will provide you with the opportunity to earn an annual bonus in accordance with the terms and conditions of the Genuity Executive Incentive Plan or any successor plan ("EIP") and long-term incentive opportunities in accordance with the terms and conditions of the Genuity Long-Term Incentive Plan or any successor plan ("LTIP"), in each case at a level commensurate with the opportunity offered to other similarly situated senior executives of Genuity. Fringe Benefits - You will be eligible for perquisites and fringe benefits available to similarly situated senior executives of Genuity consistent with company policy or as approved by the Board. A summary of key provisions of the policy, as currently proposed, are is attached. Of course, Genuity does not guarantee the continuation of any particular benefit or program, and the perquisites available to you and other executives at your level are subject to change.

Appears in 1 contract

Samples: Employment Agreement (Genuity Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!