Common use of Short-Term Incentive Compensation Clause in Contracts

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.