Short Term and Long Term Incentive Sample Clauses

Short Term and Long Term Incentive. During the Term of Employment, you will be eligible for an annual target cash bonus of up to 37.5% of your then-current Base Salary (the “Annual Bonus”) if the Board (or the Company’s Compensation Committee), in its sole discretion, determines that the Company has met its short-term and long-term business performance objectives and that you have met your personal performance objectives (together, the “Objectives”), which Objectives will be established on an annual basis by the Board (or the Company’s Compensation Committee). Payment of the Annual Bonus (less all applicable statutory deductions and withholdings by the Company) will be made to you once approved by the Board (or Company’s Compensation Committee), and within thirty (30) days after the Board has approved the corporate yearend financial statements, provided that at the time of such payment, you hold current active employment status with the Company. (the Annual Bonus is not earned nor owed until the date of such approval). Upon finalization of Parent’s long term incentive plan, management will recommend to the board of directors of Parent that you be entitled to participate in such plan pursuant to its terms and your position will be eligible for up to 80% of your Base Salary under such plan (prorated according to the period of such year you were employed).
Sample 1
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Short Term and Long Term Incentive. During the Employment Term, the Employee shall be eligible to receive: (a) a payment in the amount of $168,750 on the date the Company makes its 2017 annual discretionary incentive payments to it employees, but no later than March 15, 2018 (the “2017 Payment”); (b) an annual discretionary incentive payment under the Company’s annual bonus plan as may be in effect from time to time (the “Annual Bonus”) based on a target bonus opportunity of at least 65% of the Employee’s Base Salary (the “Target Bonus”), upon the attainment of one or more pre-established performance goals to be established by the Company’s Compensation Committee (the “Committee”) or the CEO in its (or his) sole discretion, including a prorated (October 2, 2017-December 31, 2017) Annual Bonus for the 2017 performance period; and (c) long term incentive compensation under the Company’s long term incentive plan (the “LTI”) based upon a target LTI opportunity of at least 110% of the Employee’s Base Salary (the “Target LTI”), upon the attainment of pre-established goals to be established by the Board, the Committee or the CEO in its (or his) sole discretion. (d) The Employee acknowledges that the 2017 Payment is in consideration for his expected contributions over the first three years of his employment. If Employee resigns his employment without Good Reason (as defined below) or is terminated for Cause (as defined below) before October 2, 2020, then the Employee shall repay or forfeit (as the case may be) the 2017 Payment within 30 days of such resignation.
Sample 1
Short Term and Long Term Incentive. (“STI” and “LTI”) Awards. Employee will receive an STI Award for plan year 2020 (anticipated to be paid in March 2021) equal to 200% of his current target amount (that is, Nine Hundred Fifty-One Thousand Dollars ($951,000.00)). Employee will receive an LTI Award for 2021 (anticipated to be granted on January 15, 2021) equal to 200% of his current target amount (that is, not less than Two Million Eight Hundred Thousand Dollars ($2,800,000.00)). The LTI award will consist of the same elements as awards to other Named Executive Officers. Vesting and exercise provisions of LTI award shall remain as specified in the relevant Award Agreements.
Sample 1

Related to Short Term and Long Term Incentive

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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