Management Incentive Compensation Plan. In addition to Annual Base Salary, during each year of the Employment Period, the Executive shall be designated as a participant in the Company's Management Incentive Compensation Plan (the "Bonus Plan") and, subject to meeting the criteria of the Bonus Plan, shall receive the bonus award provided for therein (the "Annual Award").
Management Incentive Compensation Plan. This amount includes, but is not limited to, any award under the Kaydon Management Incentive Compensation Plan (Incentive Plan) for a prior year which has not been paid to Executive at the time of termination of employment.
Management Incentive Compensation Plan. Employee may participate in CoorsTek's Management Incentive Compensation Plan ("MIC"). The MIC Plan is described in Exhibit B, which is incorporated by reference herein.
Management Incentive Compensation Plan. (1) Hussmann shall establish a Management Incentive Compensation Plan (the "HUSSMANN MANAGEMENT INCENTIVE COMPENSATION PLAN"). Hussmann and the Hussmann Subsidiaries shall be solely liable and responsible for all Liabilities whatsoever arising under the Hussmann Management Incentive Compensation Plan, and neither Xxxxxxx nor any Xxxxxxx Subsidiary shall have any Liabilities in respect thereof at any time. Hussmann and Hussmann Operating Company shall indemnify, defend and hold harmless Xxxxxxx, each Affiliate of Xxxxxxx and each of Xxxxxxx'x directors, officers and employees and each of the heirs, executors, successors and assigns of any of the foregoing (the "XXXXXXX INDEMNITEES") from and against any and all losses, Liabilities, claims, damages, payments, absolute or contingent, matured or unmatured, liquidated or unliquidated, accrued or unaccrued, known or unknown (including, without limitation, the costs and expenses of any and all Actions, threatened Actions, demands, assessments, judgments, settlements and compromises relating thereto and attorneys' fees and any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any such Actions or threatened Actions (collectively, "LOSSES" and, individually, a "LOSS")) of the Xxxxxxx Indemnitees arising out of or due to the failure or alleged failure of Hussmann or any of its Affiliates to pay, perform or otherwise discharge such Liabilities.
(2) With respect to the Xxxxxxx Corporation Management Incentive Compensation Plan (the "XXXXXXX MIC PLAN"):
(i) Hussmann and the Hussmann Subsidiaries shall be solely liable and responsible for all Liabilities whatsoever arising under the Xxxxxxx MIC Plan in connection with any claims made by or on behalf of any Hussmann Separated Employee, and neither Xxxxxxx nor any Xxxxxxx Subsidiary shall have any Liabilities in respect thereof at any time. Hussmann and Hussmann Operating Company shall indemnify, defend and hold harmless the Xxxxxxx Indemnitees from and against any and all Losses of the Xxxxxxx Indemnitees arising out of or due to the failure or alleged failure of Hussmann or any of its Affiliates to pay, perform or otherwise discharge such Liabilities.
(ii) Except as set forth in SECTION 3.05(a)(2)(I), Xxxxxxx shall be solely liable and responsible for all Liabilities whatsoever arising under the Xxxxxxx MIC Plan in connection with any claims made by or on behalf of any individual, and neither Hussmann nor any Hussmann Subsid...
Management Incentive Compensation Plan. Employee will be eligible to participate in the Management Incentive Compensation Plan (MICP). Pursuant to the terms of MICP, Employee's target compensation under such plan will be 35% of base salary earnings. The annual target will increase to 40%, effective January 1, 2001, contingent upon the closing of the Florida Progress Corporation ("FPC") acquisition.
Management Incentive Compensation Plan. Chesapeake Midstream Management, L.L.C., a Delaware Limited Liability Company (“CMM”) has established the Chesapeake Midstream Management Incentive Compensation Plan (the “MICP”) as an incentive compensation arrangement designed to promote the development and growth of the MLP. On the earlier to occur of the first anniversary of the Original Effective Date or the closing of the initial public offering of the MLP’s common units, CHK and GIP shall consider and mutually determine whether and to what extent Executive will participate in the MICP. Any such participation by Executive shall be in lieu of awards of CHK restricted stock provided for under the Employment Agreement which have not theretofore been granted. The General Partner shall reimburse CHK for 100% of the amounts actually paid by CMM under the MICP with respect to any awards granted to Executive thereunder during the Shared Services Period (regardless of whether such award is actually paid during or after such period) or the amounts actually paid by any Chesapeake Entity that becomes the “Plan Sponsor” of the MICP (as defined in the MICP); provided, however, that in the event that the Executive ceases to perform services for the General Partner but thereafter remains employed by a Chesapeake Entity, the amount of the MICP Payments reimbursable by the General Partner hereunder shall not exceed the amount of such MICP Payments that were actually paid to the Executive and to the extent provided hereunder but multiplied by a fraction the numerator of which equals the number of days in the Shared Services Period and the denominator of which equals the number of days in the Shared Services Period plus the number of days of the Executive’s employment with a Chesapeake Entity after the Shared Services Period through the applicable payment date under the MICP. The reimbursement obligation described in this Section 2.3 shall cease with respect to any MICP Payments not yet made to Executive if and to the extent that CMM’s or such Affiliate’s obligations under the MICP with respect to the Executive (or with respect to the MICP as a whole) are transferred to CMV, the MLP, the General Partner or any of their subsidiaries.
Management Incentive Compensation Plan. Xxxxx will be eligible to -------------------------------------- participate in the Management Incentive Compensation Plan (MICP) beginning in 2000, for which the first year's payment will be made on or before March 31, 2001. Pursuant to the terms of MICP, Xxxxx' target compensation under such plan will be approximately 40% of base salary earnings for 2000. For 2001 and thereafter, the target compensation under such plan shall be 45% of Xxxxx' base salary contingent upon the closure of the Florida Progress Corporation Acquisition.
Management Incentive Compensation Plan. Orser will be eligible to participate in the Management Incentive Cxxxxxsation Plan (MICP). Pursuant to the terms of MICP, Orser's target compensation under such plan will be 40% of base salxxx xxxnings. The annual target will increase to 45% effective January 1, 2001, contingent upon the closing of the Florida Progress Corporation ("FPC") acquisition.
Management Incentive Compensation Plan. Following the Closing, the Buyer will cause the Company to adopt and approve a management incentive compensation plan for the existing and potential future members of the Company's management team, the terms of which incentive compensation plan will be determined in the sole reasonable discretion of the Buyer, after taking into consideration input from the senior management of the Company.
Management Incentive Compensation Plan. The CCS Management Incentive Compensation Plan (the Plan) is a performance-based compensation plan for key personnel of the Partnership. The Plan authorizes the award of percentage interests in an incentive pool based on the achievement of certain performance objectives. The percentage interests vest over a period of either three or five years or, in the case of a Liquidity Event as defined in the Plan, vesting occurs immediately. CROSS COUNTRY STAFFING (A PARTNERSHIP) NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIODS ENDED JULY 29, 1999 AND DECEMBER 31, 1998
