Long Term Compensation Plan. Executive shall be entitled to participate in a long-term compensation plan which will be multi-year performance based over a number of years starting with the first contract year. It is the intention of the Employer to pay the Executive on an incentive basis to be determined by the Compensation Committee of the Board of Directors under a performance based plan after a number of years stipulated by the Board of Directors.
Appears in 4 contracts
Samples: Employment Agreement (Amtec Inc), Employment Agreement (Amtec Inc), Employment Agreement (Amtec Inc)
Long Term Compensation Plan. Executive shall be entitled to participate in a long-term compensation plan which will be multi-year performance based over a number of three years starting with the first contract year. It is the intention of the Employer to pay the Executive on an incentive basis to be determined by the Compensation Committee of the Board of Directors the equivalent of at least 50% of annual base pay per year under a performance based this plan after a number of years stipulated by the Board of Directorsthree years.
Appears in 2 contracts
Samples: Employment Agreement (Amtec Inc), Employment Agreement (Amtec Inc)
Long Term Compensation Plan. Executive shall be entitled to participate in a long-term compensation plan which will be multi-year performance based over a number of years starting with the first contract year. It is the intention of the Employer to pay the Executive on an the incentive basis to be determined by the Compensation Committee of the Board of Directors under a performance based plan after a number of years stipulated by the Board of Directors.
Appears in 1 contract
