Stay Incentive Sample Clauses

Stay Incentive. (a) Stay Incentive Bonus at Closing. If the Merger occurs pursuant to ------------------------------- the Definitive Agreement, and if the Key Employee has remained an "
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Stay Incentive. (a) Stay Bonus at Closing. Subject to the terms and conditions of this --------------------- Agreement:
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Stay Incentive. If the Executive remains employed by the Corporation until May 31, 1998, the Executive will receive a stay incentive in the amount of $__________ (the "Stay Incentive"). The Stay Incentive will be paid in a single lump sum within ten days of May 31, 1998. The Stay Incentive will also be paid to the Executive if the Executive's employment with the Corporation is terminated by the Corporation other than for Cause (as defined in Section 14.6) any time after the Effective Date and prior to May 31, 1998, in which case the Stay Incentive will be paid upon the Executive's termination of employment.
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Stay Incentive. (a) Stay Incentive Bonus at Closing. If the Merger occurs pursuant to ------------------------------- the Definitive Agreement, and if the Key Employee has remained an "Employee in Good Standing" (as defined in Section 1(c) of this Agreement) of a Xxxx Atlantic Company from the date of this Agreement to the Closing Date, then, not later than 30 calendar days following the Closing Date, Xxxx Atlantic will cause the Xxxx Atlantic Company which then employs the Key Employee to pay the Key Employee a special stay incentive bonus (a "Stay Bonus") consisting of a single cash payment in an amount equal (before withholding of taxes) to 1.5 multiplied by the greater of (i) the sum of the Key Employee's annual rate of base salary and 50% of the Key Employee's maximum short-term incentive under the Xxxx Atlantic Short Term Incentive Plan (or other applicable short-term incentive plan), both as of the date of this Agreement, or (ii) the sum of such items, both as of the Closing Date.
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Stay Incentive. (a) Stay Bonus on Second Anniversary of Closing: Subject to the ------------------------------------------- terms and conditions of this Agreement: -------------------------------------------------------------------------------- Employment Agreement Page 3 Xxxxxxxx X. Xxxxxx, Xx.
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Stay Incentive 
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Related to Stay Incentive

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

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