Common use of Short-Term Incentive Compensation Clause in Contracts

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).

Appears in 6 contracts

Samples: Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp)

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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).

Appears in 2 contracts

Samples: Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp)

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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 comparable level executives employees 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).

Appears in 1 contract

Samples: Employment Agreement (National Steel Corp)

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