Short Term Incentive Plans. Executive shall be eligible to participate in the Short-Term Incentive Plans on the terms and conditions set forth in Schedule B attached hereto.
Short Term Incentive Plans. Short Term Incentive Plans, when immediately preceded by “Xxxx-XxXxx,” means the Xxxx-XxXxx 2002 Annual Incentive Compensation Plan and the Xxxx-XxXxx SCORE Compensation Program (effective 2003). When immediately preceded by “Tronox,” Short Term Incentive Plans means the plans to be established by Tronox pursuant to Section 2.03 that correspond to the Xxxx-XxXxx 2002 Annual Incentive Compensation Plan and the Xxxx-XxXxx SCORE Compensation Program (effective 2003).
Short Term Incentive Plans. SpinCo acknowledges and agrees that it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligation arising out of or relating to any annual cash bonus or other short-term cash incentive plan or program in which SpinCo Employees participate. The Company acknowledges and agrees that it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligation arising out of or relating to any annual cash bonus or other short-term cash incentive plan or program in which RemainCo Employees participate (and, for the avoidance of doubt, shall retain responsibility for payment of the bonuses thereunder with respect to the entire calendar year in which the Closing occurs); it being understood that neither the Company nor any member of the RemainCo Group will assume any annual cash or other short-term cash incentive plan or program maintained or sponsored by SpinCo or its Subsidiaries.
Short Term Incentive Plans. Any amounts required to be paid to the Executive under the Performance Incentive Plan (or any successor plan) in which the Executive is participating prior to the Change in Control. The Corporation will pay the Executive a lump sum amount in lieu of the Executive’s participation in such annual incentive plan equal to the sum of:
(A) for the year during which the Termination Date occurs, an amount equal to the greater of
a. the amount payable to the Executive under such annual bonus plan for that year, determined as if 100% of the target result of the Corporation's performance for that year was achieved, and
b. the amount payable to the Executive under such annual bonus plan for that year, determined as if the actual performance of the Corporation from the beginning of that year to the end of the most recently completed fiscal quarter during that year, if any, prior to the Termination Date, on an annualized basis, was the actual performance of the Corporation for that year and
(B) for each other year or portion thereof remaining in the Severance Period, an amount equal to the Executive's target annual bonus for the year during which the Termination Date occurs, prorated based upon the number of months and days that fell within the Severance Period during each such year. All amounts payable hereunder with respect to such annual bonus plan will be determined based upon 100% of the Executive's award under such annual bonus plan, notwithstanding any discretion of the Management Resources and Compensation Committee of the Board and notwithstanding any amendments to such annual bonus plan occurring after the Change in Control.
Short Term Incentive Plans. On or as soon as practicable after the Effective Date, the Reorganized Debtors will adopt and implement the 2010 Short-Term Incentive Plan (the “2010 STIP”) and the 2011 Short-Term Incentive Plan (the “2011 STIP” and together with the 2010 STIP, the “STIPs”) pursuant to which participants shall be eligible for a target incentive award expressed as a percentage of the individual’s base salary. Approximately 550 management employees will be eligible for participation in the STIPs, including the Company’s top six senior executives. Senior executives will be eligible for a target incentive award of 50% base salary under the 2010 STIP and 100% of base salary under the 2011 STIP. The target incentive payments for remaining participants under the STIPs will be at a lower percentage level of payment. The STIPs shall be entirely performance-based, and actual earned incentive awards will vary depending on the Company’s and Reorganized Debtors’ ability to achieve the established targets. Under the 2010 STIP, the Company will base performance targets on the Company’s actual EBITDA against its forecast for the third and fourth quarters of 2010, and targets will be determined in consultation with the Creditors Committee. The Board will determine the Company’s performance targets under the 2011 STIP. The material terms of the STIPs will be set forth in Plan Supplement 6A, to be filed on or before the Supplement Filing Date, and shall be reasonably acceptable to the Creditors Committee.
Short Term Incentive Plans. (a) Establishment of Adient Short-Term Incentive Plans. Before the Effective Time, Adient shall, or shall cause another member of the Adient Group to, establish the Adient Short-Term Incentive Plans. The Adient Short-Term Incentive Plans shall govern incentives to be paid for periods commencing after the 2016 fiscal year of Xxxxxxx Controls. In no event shall any Adient Group Employee or Former Adient Group Employee be entitled to any payments under the Xxxxxxx Controls Short-Term Incentive Plans for any period after the 2016 fiscal year of Xxxxxxx Controls.
Short Term Incentive Plans. Employee shall be entitled to participate in any short-term incentive plans, long-term incentive plans, or other plans that the Company adopts for the benefit of its senior executives in accordance with the terms and conditions thereof. Consistent therewith, Employee will be eligible to participate in a discretionary short-term annual cash incentive plan based on (i) the Partnership’s financial and operational performance as compared to pre-established metrics and goals, (ii) an assessment of Employee’s own individual performance, and (iii) other key company and individual performance indicators as defined by the CEO and approved by the Board of Directors of Proppants, in consultation with the CEO and the Board. For this plan, Employee’s initial annual incentive target value will be 85% of Base Salary. Incentive payouts under the plan are paid within the first two and one half months following the end of the service period. Any payout for 2018 performance made in 2019 will not be prorated due to less than 12 months of service in 2018.
Short Term Incentive Plans. (a) Establishment of Veoneer Short-Term Incentive Plans. Veoneer shall, or shall cause other members of the Veoneer Group to, establish the Veoneer Short-Term Incentive Plans. The Veoneer Short-Term Incentive Plans shall govern incentives earned for performance periods commencing after the Distribution Date. In no event shall any Veoneer Group Employee or Former Veoneer Group Employee be entitled to any payments under the Autoliv Short-Term Incentive Plan for any period after the Distribution Date.
Short Term Incentive Plans. “Short Term Incentive Plans” shall be given the meaning used in the Employment Agreement.
Short Term Incentive Plans. On or prior to December 31, -------------------------- 1995, AWI shall cause AO to cease to be a participating employer under the Xxxxxxxxx Management Achievement Plan (the "MAP"). Subject to the last sentence --- of this Section 8.4, the Company and its Affiliates (including AO after the Closing Date) shall be liable under the MAP only with respect to the participation of Messrs. Xxxxxx X. Xxxxxxx, X.X. XxXxxxxxxxx, Xxxxx X. Xxxxxxxx, Xxxxxx Xxx and Xxxxxx X. Xxxx (the "MAP Participants") therein for the 1995 ---------------- fiscal year and only to the extent of 50% of the amount accrued in respect of the MAP on the AO Balance Sheet. Subject to the last sentence of this Section 8.4, the Company and its Affiliates (including AO after the Closing Date) shall be liable under the AO Turnaround Plan only to the extent of 50% of the amount accrued in respect of such plan on the AO Balance Sheet. Notwithstanding the foregoing provisions of this Section 8.4, the Company's and its Affiliates' (including AO's) liability under such plans shall not exceed $309,000 in the aggregate.
