STIP. The Key Executive shall participate in the Xxxx Atlantic ---- Senior Management Short Term Incentive Plan or any successor to that plan ("STIP") and shall be eligible each year during the Term of Employment for a potential maximum award which shall not be less than the potential maximum award he is eligible to receive for the performance year 1998.
STIP. The Executive will be eligible to participate in the Company’s short-term incentive plan for senior management (the “STIP”). The Executive’s target annual bonus under the STIP shall be forty percent (40%) of his Base Salary. As detailed in the 2014 STIP, in the event that the stated objectives are met, Executive is eligible to receive up to 200% of the target annual bonus under the STIP.
STIP. If the Termination Date is any day other than the last day of the STIP plan year, the Company (or its Successor) shall pay to Executive a pro rata portion of the award (based on the number of days in the STIP plan year occurring on or before, and after, the Termination Date) that would have been payable to Executive under the STIP for such plan year had all performance targets been met and Executive remained employed by the Company until the end of the Plan Year.
STIP. Executive’s targeted annualized bonus under the STIP will have an annual target payout amount of $225,000, subject to the achievement of individual and Company goals. Executive’s 2017 targeted annualized bonus under the STIP will be calculated as follows: (i) from January 1, 2017 until the Effective Date, Executive’s annual target payout amount shall be $200,000, and (ii) from the Effective Date until December 31, 2017, it is expected that Executive’s annual target payout amount will be no less than $225,000, and 50% of Executive’s then current Base Salary thereafter. Notwithstanding the foregoing, the value of such annual target payout amount is ultimately at the discretion of the Committee.
STIP. The Company will also make a payment to Xx. Xxxxx equal to his full target award of $850,000 under the Company’s 2020 Short Term Incentive Program (“STIP”), without any proration and less applicable withholdings and deductions.
STIP. Employee shall participate in Employer's Short-Term Incentive Plan (the "STIP") and successor plans thereto.
STIP. The Key Executive shall participate in the Bell Atlantic Senior Management Short Term Incentive Plan or any successor to that plan ("STIP") and shall be eligible for a potential maximum award which, for each performance year during the Term of Employment, shall be equal to or greater than 2.25 multiplied by the Key Executive's base salary in effect on January 1 of each such year.
STIP. Employee will not be entitled to receive any further payment under the Short-Term Incentive Plan.
STIP. For purposes of calculating his incentive compensation award under the Short-Term Incentive Program ("STIP") under the Spirit AeroSystems Holdings, Inc. Omnibus Incentive Plan ("OIP") for 2015 performance, the Executive shall receive an individual performance score of 1.0. In addition, the Executive shall be entitled to an incentive compensation award under the STIP for 2016 equal to 80% of base salary, pro-rated for the portion of 2016 that Employee was employed by the Company, based on the number of days employed. Such award shall be paid at the time and in the manner awards are paid to other executives of the Company under the STIP for 2016.
