Performance Based Compensation. Performance criteria to be used in the evaluation of the Executive’s performance and calculation of compensation shall be determined and approved by the Compensation Committee of the Board, and no performance-based compensation shall be paid or deemed vested unless and until the Compensation Committee determines that the performance warrants such payment.
Appears in 2 contracts
Samples: Executive Employment Agreement (Ascent Solar Technologies, Inc.), Executive Employment Agreement (Ascent Solar Technologies, Inc.)
Performance Based Compensation. Performance Any other performance criteria to be used in the evaluation of the Executive’s performance and calculation of compensation shall be determined and approved by the Compensation Committee of the Board, and no performance-based compensation shall be paid or deemed vested unless and until the Compensation Committee determines that the performance warrants such paymentcriteria and other materials terms have been satisfied.
Appears in 1 contract
Samples: Executive Employment Agreement (Ascent Solar Technologies, Inc.)
Performance Based Compensation. Performance Each performance scorecard and any other performance criteria to be used in the evaluation of the Executive’s performance and calculation of compensation shall be determined and approved by the Compensation Committee of the Board, and no performance-based compensation shall be paid or deemed vested unless and until the Compensation Committee determines that the performance warrants such payment.criteria and other materials terms have been satisfied. Amended and Restated Executive Employment Agreement 2
Appears in 1 contract
Samples: Executive Employment Agreement (Ascent Solar Technologies, Inc.)
Performance Based Compensation. Performance Each performance scorecard and any other performance criteria to be used in the evaluation of the Executive’s performance and calculation of compensation shall be determined and approved by the Compensation Committee of the Board, and no performance-based compensation shall be paid or deemed vested unless and until the Compensation Committee determines that the performance warrants such paymentcriteria and other materials terms have been satisfied.
Appears in 1 contract
Samples: Executive Employment Agreement (Ascent Solar Technologies, Inc.)