Common use of Short Term Incentives Clause in Contracts

Short Term Incentives. During Executive's continued employment in a senior management position , Executive shall be eligible to receive bonuses / short-term cash incentives in accordance with the Company's or its Affiliate's cash bonus / short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016 .

Appears in 1 contract

Samples: Retention Agreement (MPLX Lp)

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Short Term Incentives. During Executive's ’s continued employment in a senior management position position, Executive shall be eligible to receive bonuses / short-term cash incentives in accordance with the Company's ’s or its Affiliate's ’s cash bonus / short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016 2016.

Appears in 1 contract

Samples: Award Agreement (Marathon Petroleum Corp)

Short Term Incentives. During Executive's continued employment in a senior management position position, Executive shall be eligible to receive bonuses / short-term cash incentives in accordance with the Company's or its Affiliate's cash bonus / short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016 2016.

Appears in 1 contract

Samples: Retention Agreement (MPLX Lp)

Short Term Incentives. During Executive's continued employment in a senior management position position, Executive shall be eligible to receive bonuses / I short-term cash incentives in accordance with the Company's or its Affiliate's cash bonus / I short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016 2016.

Appears in 1 contract

Samples: Award Agreement (MPLX Lp)

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Short Term Incentives. During Executive's continued employment in a senior management position position, Executive shall be eligible to receive bonuses / short-term cash incentives in accordance with the Company's or its Affiliate's cash bonus / short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016 .

Appears in 1 contract

Samples: Retention Agreement (MPLX Lp)

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