Short-Term Incentive Awards. In his capacity as CEO of the Company, Employee shall be eligible for an annual short-term incentive award determined by the Compensation Committee in respect of each fiscal year (or partial fiscal year) during the Term of Employment (the “STI Award”) in accordance with this Section 4(b). The intended target “STI Award” shall be up to 200% of Base Salary, and shall be tied directly to performance. The STI Award shall be paid as soon as practicable following the last day of the fiscal year, but in no event later than one day prior to the date that is 2 1/2 months following the last day of the fiscal year.
Short-Term Incentive Awards. In his capacity as Chief Executive Officer of the Company, Employee shall be eligible for an annual short-term incentive award determined by the Compensation Committee in respect of each fiscal year (or partial fiscal year) during the Term of Employment (the “STI Award”) in accordance with this Section 4(d). The intended target “STI Award” shall be up to 200% of Base Salary, and shall be tied directly to performance, based on criteria to be determined by the Compensation Committee at the date hereof (for the initial grant) and during the first fiscal quarter of each fiscal year, for all subsequent grants. The criteria applicable to the initial STI Award, and the form and timing of payment of the STI Award, are set forth on Exhibit A hereto, and the criteria applicable to subsequent STI Awards, and the form and timing of payment of subsequent STI Awards, will be set forth in awards adopted by the Compensation Committee during the first fiscal quarter of each fiscal year. All such awards shall be paid less applicable withholdings and deductions.
Short-Term Incentive Awards. (i) Employee shall be eligible for an annual cash short-term incentive award determined by the Compensation Committee in respect of each fiscal year (or partial fiscal year) during the Term of Employment (the “STI Award”) in accordance with this Section 4(b). The target STI Award for each fiscal year shall be 100% of Base Salary (or such greater percentage of Base Salary as the Board or Compensation Committee shall determine, in its sole discretion) and, if earned, shall be paid by no later than March 15th of each year with respect to the preceding year.
(ii) The criteria for achieving the STI Award shall be based upon the level of achievement of Company and individual performance objectives for such fiscal year, as determined by the Board or the Compensation Committee and agreed to by Employee.
(iii) The STI Award for any partial fiscal year occurring during the Term of Employment shall be pro rated as and to the extent provided in Section 8.
Short-Term Incentive Awards. With respect to short-term incentive Awards that would otherwise be payable under an Equifax Plan to Transferred Individuals and that are based in whole or in part on the performance of Equifax for the 2001 performance year ("Equifax-Based Awards"), effective immediately prior to the Distribution a determination shall be made by Equifax of the extent to which the Equifax-Based Awards have been earned for the 2001 performance year as of such date and no further amounts shall be earned by Transferred Individuals after such date. The amounts earned (if any) under the Equifax-Based Awards as of the Close of the Distribution Date shall be payable to Transferred Individuals after December 31, 2001 in accordance with the usual terms of the Equifax Plan; provided, that the Transferred Individual must be employed by Certegy on December 31, 2001. With respect to short-term incentive Awards that would otherwise be payable under an Equifax Plan to Transferred Individuals whose Award is based solely on the performance of the Certegy Business for the 2001 performance year, such Awards shall be paid by Certegy in accordance with the terms of the Equifax Plan under which they were granted. Certegy shall be solely responsible for paying all Awards pursuant to this section and shall pay such Awards in cash or options to acquire Certegy Common Stock as elected by the Transferred Individual. Effective Immediately after the Distribution Date, Certegy shall make new short-term incentive Awards under a Plan established pursuant to Section 2.03 for Transferred Individuals who have Equifax-Based Awards for the period beginning Immediately after the Distribution Date through December 31, 2001. Certegy shall establish Award levels, performance criteria and payment terms for such Awards which shall be consistent with the past practices of Equifax with respect to such Awards. Certegy shall be solely responsible for paying all such Awards.
Short-Term Incentive Awards. Employee shall be eligible for discretionary short-term incentive compensation with a target short-term incentive award at least equal to 70% of Employee’s Base Salary for each calendar year that Employee is employed by the Company hereunder (the “STI Award”). The performance targets that must be achieved in order to be eligible for certain short-term incentive levels shall be established by the Board (or a committee thereof) annually, in its sole discretion, and communicated to Employee within the first ninety (90) days of the applicable calendar year (the “STI Year”). Each STI Award, if any, shall be paid as soon as administratively feasible after the Board (or a committee thereof) certifies whether the applicable performance targets for the applicable STI Year have been achieved, but in no event later than March 15 following the end of such STI Year. Notwithstanding anything in this Section 3(b) to the contrary, no STI Award, if any, nor any portion thereof, shall be payable for any STI Year unless Employee remains continuously employed by the Company from the Effective Date through the date on which such STI Award is paid, except as otherwise provided in Section 7(f).
Short-Term Incentive Awards. In his capacity as CFO of the Company, Employee shall be eligible for an annual discretionary short-term incentive award as may be determined by the Compensation Committee in their sole discretion in respect of each fiscal year (or partial fiscal year) during the Term of Employment (the “STI Award”) in accordance with this Section 4(b).
Short-Term Incentive Awards. Employee shall be eligible for discretionary short-term incentive compensation with a target short-term incentive award at least equal to 75% of Employee’s Base Salary for each calendar year that Employee is employed by the Company hereunder (the “STI Award”); provided, however, that the STI Award for the 2022 calendar year be $415,000.00. The performance targets that must be achieved in order to be eligible for certain short-term incentive levels shall be established by the Board (or a committee thereof) annually, in its sole discretion, and communicated to Employee within the first ninety (90) days of the applicable calendar year (the “STI Year”). Each STI Award, if any, shall be paid as soon as administratively feasible after the Board (or a committee thereof) certifies whether the applicable performance targets for the applicable STI Year have been achieved, but in no event later than March 15 following the end of such STI Year. Notwithstanding anything in this Section 3(b) to the contrary, no STI Award, if any, nor any portion thereof, shall be payable for any STI Year unless Employee remains continuously employed by the Company from the Effective Date through the date on which such STI Award is paid, except as otherwise provided in Section 7(f).
Short-Term Incentive Awards. The Company shall establish for Executive for each "Performance Year" (as defined below) during the Employment Period a short term incentive arrangement pursuant to which Executive shall have the opportunity to earn an award based on the achievement of specified performance criteria during the applicable Performance Year. The award for a Performance Year shall have a targeted amount of not less than $300,000, but the actual amount paid, if any, will depend on the level of achievement of the specified performance criteria and shall be no less than $150,000 and no more than $450,000. Any earned short term incentive award shall be payable within ninety (90) days following the end of the applicable Performance Year. For purposes of this Agreement, "Performance Year" means each of the calendar years 1998, 1999 and 2000.
Short-Term Incentive Awards. (i) In his capacity as CFO of the Company, Employee shall be eligible for an annual cash short-term incentive award determined by the Compensation Committee in respect of each fiscal year (or partial fiscal year) during the Term of Employment (the “STI Award”) in accordance with this Section 4(b). The target STI Award for each fiscal year shall be 75% of Base Salary (or such greater percentage of Base Salary as the Board or Compensation Committee shall determine, in its sole discretion) and, if earned, shall be paid by no later than March 31st of each year with respect to the preceding year.
(ii) The criteria for achieving the STI Award shall be based upon the level of achievement of Company and individual performance objectives for such fiscal year, as determined by the Board or the Compensation Committee and agreed to by Employee, as evidenced by an Addendum to this Agreement executed by the Company and Employee by December 1 of each year with respect to the following year.
(iii) The STI Award for any partial fiscal year occurring during the Term of Employment shall be pro rated as and to the extent provided in Section 8.
Short-Term Incentive Awards. The Executive shall be eligible to participate in the Company’s annual incentive plan adopted by the Compensation Committee for each fiscal year (including any partial year) during the Term of this Agreement (“Bonus Plan”). The Compensation Committee will adopt a Bonus Plan for each fiscal year during the Term by no later than March 31 of that fiscal year. If the Executive or the Company, as the case may be, satisfies the performance criteria contained in such Bonus Plan for a fiscal year, the Executive shall receive an incentive bonus (the “Incentive Bonus”) in an amount pursuant to such Bonus Plan or as determined by the Compensation Committee, as applicable, and subject to ratification by the Board, if required. The Bonus Plan shall contain both individual and corporate performance goals for each fiscal year established by the Compensation Committee. If the Executive or the Company, as the case may be, fails to satisfy the performance criteria contained in such Bonus Plan for a fiscal year, the Compensation Committee may determine whether any Incentive Bonus shall be payable to Executive for that year, subject to ratification by the Board, if required. The annual Incentive Bonus (if any) shall be paid to the Executive no later than March 14 of the year immediately following the year for which the applicable Bonus Plan was adopted. If the Compensation Committee does not adopt a Bonus Plan for a particular fiscal year, the Executive will be eligible to receive an Incentive Bonus for that year in an amount, if any, that is determined by the Compensation Committee in its discretion.
