Common use of LTI Bonus Clause in Contracts

LTI Bonus. For each of the Company’s fiscal year during the Employment Period, Xxxxxx shall be eligible to participate in any Long-Term Incentive (LTI) plan in accordance with the terms and conditions of such plan, if any, with a target LTI bonus equal to 60% of his Base Salary or as generally determined by the Company for the overall LTI plan.

Appears in 1 contract

Samples: Employment Agreement (Power Solutions International, Inc.)

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LTI Bonus. For each of the Company’s fiscal year during the Employment Period, Xxxxxx Xykis shall be eligible to participate in any Long-Term Incentive (LTI) plan in accordance with the terms and conditions of such plan, if any, with a target LTI bonus equal to 60% of his Base Salary or as generally determined by the Company Board for the overall LTI plan.

Appears in 1 contract

Samples: Employment Agreement (Power Solutions International, Inc.)

LTI Bonus. For each of the Company’s fiscal year years during the Employment Period, Xxxxxx Employee shall be eligible to participate in any Long-Term Incentive (LTI) plan in accordance with the terms and conditions of such plan, if any, with a target LTI bonus equal to 60% of his Base Salary or as generally determined by the Company for the overall LTI plan. Employee shall be eligible to participate in current LTI plan on a pro rata basis from the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Power Solutions International, Inc.)

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LTI Bonus. For each of the Company’s fiscal year years during the Employment Period, Xxxxxx Employee shall be eligible to participate in any Long-Term Incentive (LTI) plan in accordance with the terms and conditions of such plan, if any, with a target LTI bonus equal to 60% of his Base Salary or as generally determined by the Company for the overall LTI plan. Employee shall be eligible to participate in the stay portion of the LTI plan for 2022 on a pro rata basis from the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Power Solutions International, Inc.)

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