Long-Term and Short-Term Incentive Compensation Sample Clauses

Long-Term and Short-Term Incentive Compensation. With regard to any long-term or short-term incentive compensation plan in which Executive is a participant, including by way of example and not limitation, the Performance Share Plan and the Annual Incentive Plan, Company shall pay the pro rata portion of the award that would have been paid had Executive’s Termination Date not occurred prior to the completion of the relevant fiscal year or other measuring period. In each case, the pro rata portion shall be calculated on a daily basis unless the underlying incentive compensation arrangement specifies a different method for the pro ration of the benefit. The amount of the award shall be calculated on the assumption that performance is at target levels unless Code Section 162(m) requires that it be based on the lesser of actual performance or target. Payments and/or awards shall be made on the first to occur of (i) the payment/award date specified in the applicable plan or (ii) within the 30-day period commencing on the 60th day following the Termination Date unless a later date is required by (x) Section 7 (relating to Section 409A) or (y) Code Section 162(m).
Sample 1
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Long-Term and Short-Term Incentive Compensation. With regard to any long-term or short-term incentive compensation plan in which Executive is a participant, including by way of example and not limitation, the Performance Share Plan and the Annual Incentive Plan, Company shall pay the pro rata portion of the award that would have been paid had Executive’s Termination Date not occurred prior to the completion of the relevant fiscal year or other measuring period. In each case, the pro rata portion shall be calculated on a daily basis unless the underlying incentive compensation arrangement specifies a different method for the pro ration of the benefit. The amount of the award shall be calculated on the assumption that performance is at target levels unless Code
Sample 1
Long-Term and Short-Term Incentive Compensation. If Gillxxxxx'x xxxloyment with Key terminates for any reason other than (a) a Voluntary Resignation that is effective before the end of the Scheduled Term, (b) Cause, or (c) death or disability, for purposes of determining Gillxxxxx'x xxxhts to awards under the Long Term Incentive Compensation Plan and the Short Term Incentive Compensation Plan, Gillxxxxx xxxll be treated as though, on the Termination Date, he (a) had retired and (b) was more than 65 years of age. Final
Sample 1

Related to Long-Term and Short-Term Incentive Compensation

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

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