Performance Incentive Plan. Executive may participate on a basis commensurate with his position as a senior executive officer, as determined by the Company, in the Quintiles Performance Incentive Plan. For the year 2008, Executive is eligible to participate at a target level of one hundred percent (100%) of his annual base salary. This target level may be increased or decreased in subsequent years at the discretion of the Company. Beginning with the year 2008, the Performance Incentive Plan cap shall increase to two hundred percent (200%) of target, based on Company and personal performance. Any Bonus paid to Executive shall be less applicable withholdings and shall be distributed pursuant to policies as determined by the Company, but in no event later than March 15 of the calendar year following the calendar year in which such Bonus was earned.
Performance Incentive Plan. It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans"). Such Senior Management Incentive Plans shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits. Executive shall be eligible to become a named participant to such Senior Management Incentive Plans. It is the further intention of the parties that said Senior Management Incentive Plan provide for awards to participants based on the achievement of various specified metrics and milestones established in the business plans for the business adopted and approved by Company's Board on behalf of Company, as amended from time to time, and based further on the overall profitability of the business, the participants' performances, the general financial condition of Company, and other such factors as Company's Board may deem relevant. Such Senior Management Incentive Plan shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.
Performance Incentive Plan. Executive shall participate in the Company's 1997 Performance Incentive Plan. The discretionary portion of the bonus shall be determined by the Compensation Committee. If the Company shall amend or terminate the 1997 Performance Incentive Plan in a manner that would reduce the opportunity of Executive to earn an incentive bonus as provided in the 1997 Performance Incentive Plan, the Company shall provide a substitute arrangement so that Executive's total bonus opportunity will not be materially reduced.
Performance Incentive Plan. You will be eligible to participate in the Patheon Group’s annual performance incentive plan, at an increased target level of 45% of your annual base salary, based on achieving predetermined financial and other targets set by Patheon. For fiscal 2013, the change in target level will be pro-rated from the Effective Date.
Performance Incentive Plan. As may be determined and authorized from time to time in the sole discretion of the Compensation Committee, and subject to the terms and conditions of any equity compensation plans and award agreements governing the grant of equity awards, the Executive shall be eligible to participate in the Company’s Performance Incentive Plan or successor program (the “PIP”), with a targeted equity award (“TEA”) based upon a percentage of the Executive’s Base Salary. Per the terms of the PIP, after the end of each fiscal year, the Compensation Committee shall make an equity grant to the Executive, the value of which will be based on the Executive’s TEA. Any equity grants made pursuant to the PIP shall be dependent upon the achievement of performance goals, and the vesting and other terms and conditions of such equity grants shall be determined by the Compensation Committee in its sole discretion.
Performance Incentive Plan. “Performance Incentive Plan,” when immediately preceded by “BMS,” means the BMS Employee Incentive Plan, BMS Management Incentive Plan, BMS Performance Incentive Plan, the BMS International Field Bonus Plan, and the BMS Senior Executive Performance Incentive Plan.
Performance Incentive Plan. Employee will be eligible to receive long-term equity incentive awards to be granted from time to time by Verso, in its sole discretion, under the Verso Performance Incentive Plan or any successor long-term equity incentive award plan (collectively, the “LTIP”) in accordance with the provisions thereof. Upon or near the time of Employee’s entry into this Agreement with Verso, Employee will receive an award of restricted stock units under the LTIP having a value of $81,520 (i.e., the difference between $250,000 and Employee’s previous LTIP award for 2020 valued at $168,480) on its grant date).
Performance Incentive Plan. The District maintains a Performance Incentive Plan. The Plan participation is voluntary for District employees. The employee and their respective supervisor will prepare individual annual performance plans – setting goals, standards and objectives consistent with their job classification and District programs. These plans shall be developed prior to March each year, and will be re-evaluated after a twelve month period. Upon successful completion of the Plan, an incentive pay premium will become effective for a period of twelve months. An employee must satisfactorily continue to meet the goals of the Plan in order to remain eligible during the twelve month period. Employees are encouraged to continue with their individual Performance Incentive Plans. The Plan is subject to Administrative & Finance Manager review and approval by the District Manager.
Performance Incentive Plan. Executive agrees that he will not be eligible to participate in the CMS Energy Corporation Performance Incentive Stock Plan as amended and restated effective December 3, 1999 (the "Plan") or as modified subsequent to this Agreement. In lieu of granting Executive stock options or restricted stock pursuant to the Plan, the Company reserves the right in its sole discretion to award Executive restricted phantom stock units from time to time. The first award of 125,000 restricted phantom stock units shall be made within 10 days after both parties sign this Agreement. If, at a vesting date specified below, Executive either remains employed pursuant to the terms of this Agreement or remains as a member of the Board, then Executive shall become vested in such restricted phantom stock units in accordance with following vesting schedule: 31,250 Stock Units shall vest on September 1, 2005; 31,250 Stock Units shall vest on September 1, 2006, 31,250 Stock Units shall vest on September 1, 2007 and 31,250 Stock Units shall vest on September 1, 2008. Within 10 days after vesting, the Stock Units shall be converted into cash. The cash payments made at each of the specified dates shall equal the closing trading price of a share of Common Stock on the last trading day of the immediately preceding month times the number of Stock Units being converted to cash. In calendar year 2004 and beyond, the Committee will determine in its sole discretion the amount, if any, of additional restricted phantom stock units that will be awarded to Executive, the schedule for their vesting, the terms controlling their vesting and the date(s) on which they would be converted to cash.
Performance Incentive Plan. For the avoidance of doubt, nothing herein affects the rights and obligations of the Company and Executive under Section 2.2 of the 1st Amendment, all of which continue in full force and effect in accordance with the terms and conditions of the 1st Amendment.
