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.
Short-Term Incentive Compensation. The Employee shall receive an annual incentive bonus award (the "Annual Bonus") for each calendar year ending during the term of the Employee's employment hereunder equal to:
(a) if the Operating Result (as defined below) for such year is equal to or greater than the Maximum Operating Target (as defined below) for such year, 150% of the amount of the Employee's Base Salary paid to the Employee during the calendar year for which such bonus is payable (such amount is hereinafter referred to as the "Base Amount");
(b) if the Operating Result for such year is greater than the Operating Target but less than the Maximum Operating Target for such year, 75% of the Base Amount plus, for each increase of 1/25th of the difference between the Operating Target and the Maximum Operating Target, an additional 3.00% of the Base Amount;
(c) if the Operating Result for such year is equal to 100% of the Operating Target for such year, 75% of the Base Amount;
(d) if the Operating Result for such year is greater than the Minimum Operating Target (as defined below) but less than the Operating Target for such year, 30% of the Base Amount plus, for each increase of 1/20th of the difference between the Minimum Operating Target and the Operating Target (100%), an additional 2.25% of the Base Amount; and
(e) if the Operating Result for such year is equal to the Minimum Operating Target for such year, 30% of the Base Amount.
(f) if the Operating Result for such year is greater than the Threshold Operating Target (as defined below) but less than the Minimum Operating Target for such year, 20% of the Base Amount plus, for each increase of 1/10th of the difference between the Threshold Operating Target and the Minimum Operating Target, an additional 1.0% of the Base Amount; and
(g) if the Operating Result for such year is equal to the Threshold Operating Target for such year, 20% of the Base Amount. Notwithstanding the foregoing, the Employer may increase or decrease the amount of the Annual Bonus based upon the Employer's judgment of Employee's overall contribution to the Employer's business results.
Short-Term Incentive Compensation. Executive shall be entitled to --------------------------------- participate in any short-term incentive compensation programs established by the Company for its senior level executives generally, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least 60% and 100%, respectively of Executive's Base Salary. Executive's short-term incentive compensation shall be paid to Executive not later than such payments are made to the Company's senior level executives generally.
Short-Term Incentive Compensation. You will be eligible for short-term incentive ("STI") compensation under the Company's Annual Cash Incentive Plan. For 2019, your total STI target amount is $234,943. For subsequent years, the performance targets and STI target amounts will be determined annually by the Compensation Committee.
Short-Term Incentive Compensation. During the Term, as determined by the Board (or the Compensation Committee) in its sole discretion, Employee shall be eligible to receive an annual short term incentive compensation payment (an “STI Payment”) for each calendar year pursuant to the Company’s short term incentive plan then in effect (the “STI Plan”). Pursuant to the terms of the STI Plan, each annual STI Payment shall be payable based on the achievement of personal and Company performance targets. Initially, Employee’s target STI Payment shall be equal to 90% (the “Target STI Percentage”) of Employee’s annual Base Salary (the “Target STI Amount”). The Target STI Percentage may be increased (but not decreased below the initial Target STI Percentage stated above without Employee’s written consent or unless pursuant to a decrease broadly applied to all senior vice president level or higher employees) in its sole discretion. The STI Payment shall be subject to increase or decrease based on achievement of performance targets and in accordance with the terms of the STI Plan. For each calendar year in the Term, the Board (or the Compensation Committee) will determine and will establish in writing (i) the Target STI Amount, (ii) the applicable performance targets, (iii) the percentage of annual Base Salary payable to Employee if some lesser or greater percentage of the annual performance target is achieved, and (iv) such other applicable terms and conditions of the STI Plan necessary to satisfy the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Short-Term Incentive Compensation. Executive will be entitled from time to time to annual short-term incentive compensation which may consist of cash bonuses up to a maximum of 100% of the Executive’s base salary and/or short-term equity awards based on incentive compensation plans or other criteria established by, and payable in the sole discretion of the Board or one of its committees. Unless deferred pursuant to a plan that complies with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), this bonus, if any, will be paid to the Executive no later than two and one-half months following the end of the relevant fiscal year in which the services are performed.
Short-Term Incentive Compensation. Executive shall be entitled to participate in the Company's Key Management Incentive Compensation Plan as in effect from time to time, or any other short-term incentive compensation programs established by the Company for its senior level executives generally, and shall be eligible to receive such short-term incentive compensation, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion and as otherwise determined in accordance with the terms of such plan(s) or program(s).
Short-Term Incentive Compensation. If the Employment Term has not previously terminated, beginning on January 1, 1999, Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level executives generally depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least at the same level as in effect for Executive on January 1, 1996. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executive, subject to the Board's or the Trustee's reasonable discretion, not later than such payments are made to the Company's senior level executives generally.
Short-Term Incentive Compensation. Executive shall be entitled to participate in any short-term incentive compensation programs established by the Company for its senior level executives generally, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Trustees (or a Committee thereof) in its sole discretion; provided, however, that Executive's "target opportunity" and "maximum opportunity" under any such program shall be at least 65% and 130% respectively of Executive's Base Salary, except that the Trustees may change these “target opportunity” and “maximum opportunity” percentages as part of a general revision of executive compensation which also applies to other senior level executives of the Company. Executive's short-term incentive compensation, either in shares of NU or cash, as applicable from time to time, shall be paid to Executive, subject to the Trustees' reasonable discretion, not later than such payments are made to the Company's senior level executives generally. For 2004, Executive’s minimum award will be at target, prorated for Executive’s time in the position during 2004.
Short-Term Incentive Compensation. For each calendar year during the term of this Agreement, Employee shall be eligible to participate in CURO’s annual short-term incentive program, with a target annual short-term incentive compensation award as determined annually by the full Board (the “STIP Award”). Subject to the foregoing, the performance targets, allocation of the aggregate award among those performance targets and threshold and stretch potential shall be approved annually by the Board and shall be substantially similar to the terms and conditions applicable to awards made to other executive officers. Except as otherwise provided for in this Agreement, any STIP Award actually earned by Employee in any calendar year shall be paid to Employee at the same time and manner as CURO pays annual short-term incentive compensation awards to other executive officers, subject to Employee’s employment through the applicable performance period.
