Common use of Incentive Compensation Payment Clause in Contracts

Incentive Compensation Payment. During the term of this Agreement, Executive shall be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 2004, the amount of which incentive compensation payment shall be determined pursuant to the terms and conditions of the Company's Executive Incentive Program based on a target award percentage equal to seventy-five percent (75%).

Appears in 3 contracts

Samples: Consulting Agreement (Exar Corp), Consulting Agreement (Exar Corp), Executive Employment Agreement (Exar Corp)

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Incentive Compensation Payment. During the term of this Agreement, Executive shall be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 20042005, the amount of which incentive compensation payment shall be determined pursuant to the terms and conditions of the Company's ’s Executive Incentive Program based on a target award percentage equal to seventy-five percent (75%).

Appears in 3 contracts

Samples: Executive Employment Agreement (Exar Corp), Part Time Employment Agreement (Exar Corp), Executive Employment Agreement (Exar Corp)

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Incentive Compensation Payment. During the term of this Agreement, Executive shall will be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning . Executive’s target award and maximum award percentages currently in place under the Company’s Executive Incentive Program will remain unchanged. Beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 20042007, the amount of which incentive compensation payment shall be determined pursuant to the terms and conditions of under the Company's ’s Executive Incentive Program based on a target award percentage equal to seventy-five percent will be determined by the Compensation Committee of the Board (75%)the “Committee”) following consultation with Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Exar Corp)

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