Target Annual Incentive Sample Clauses
The Target Annual Incentive clause defines the specific bonus or incentive amount an employee is eligible to earn each year, typically expressed as a percentage of their base salary. This clause outlines how the target incentive is determined, the performance metrics or goals that must be met to achieve it, and the timing of any payments. Its core function is to establish clear expectations for annual performance-based compensation, motivating employees and aligning their objectives with the company's goals.
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Target Annual Incentive. The Annual Incentive Award that the ----------------------- Participant would have earned for the year in which his or her Date of Termination occurs, if the target goals had been achieved.
Target Annual Incentive. Beginning with the 2015 fiscal year, during Executive’s employment with the Company, and as determined by the Board in its sole discretion, Executive shall be eligible for an annual cash incentive of up to 40% of Base Salary (the “Annual Incentive”). The Annual Target Incentive shall be based on the achievement of predetermined performance goals as determined annually by the Board, which shall be provided to the Executive in writing no later than thirty (30) days following the beginning of the year to which they relate. The actual Annual Target Incentive earned in any particular year may be as low as zero and as high as 40% of Executive’s Annual Base Salary, depending on the level of achievement of the applicable performance goals. The Annual Target Incentive shall be paid to Executive as soon as practicable, but in no event later than the date that is two-and-one-half months following the end of the taxable year (of Executive, or the Company, whichever is later) in which such incentive is earned. For the avoidance of doubt, there will be no Annual Target Incentive for the 2014 fiscal year.
Target Annual Incentive. Beginning with performance year 2012, your annual incentive target will be set at 100% of base salary (“Target Annual Incentive”). The amount earned by you in respect of your Target Annual Incentive is discretionary and subject to your individual and Company performance, as determined by the Compensation and Personnel Committee of the Board.
Target Annual Incentive. Prior to the Spin-Off, you are eligible for an annual incentive plan award. Your target annual incentive compensation for 2017 will be 80% of your base salary (£360,000 at target payout), prorated for the number of months you work during the current year, and paid out at the higher of target payout or actual performance based on business results. The target has the potential to pay out in a range of 0 – 200% depending on applicable performance. The actual amount you may receive, if any, is adjusted based on business performance against the annual plan metrics and your individual performance. Such award, if earned, shall be paid by March 15, 2018. In connection with the Spin-Off, it is anticipated that outstanding Delphi annual incentive awards will be equitably adjusted to reflect the Spin-Off in a manner determined by the Compensation and Human Resources Committee of Delphi Automotive PLC. Following the Spin-Off, you will be eligible to participate in an annual incentive plan for SpinCo executives at no less than your current target percentage.
Target Annual Incentive. In lieu of (and not in duplication of) the Pro-Rated Annual Incentive set forth in Section 5(b)(iii) above, Executive shall be entitled to receive her Target Annual Incentive for the fiscal year in which the Date of Termination occurs, without pro-ration (and even if the Date of Termination occurs within the first 6 months of the fiscal year), which amount shall be paid to Executive within 15 business days after the Release Effective Date.
Target Annual Incentive. Each calendar year during the Term of Employment, commencing with 2023, the Board (or the Committee) shall annually award to the Executive an annual cash incentive opportunity with a target payout of at least $2,500,000 (the “Target Annual Incentive”) at the same time and on consistent terms as such annual cash incentives are awarded to other similarly situated senior executive officers of the Company. For the 2022 calendar year, Executive shall remain entitled to the payment of the annual cash incentive opportunity, if earned, as previously communicated to Executive.
Target Annual Incentive. During the term of your employment as President and Chief Executive Officer, you will participate in our annual incentive plan for similarly situated executive officers. For fiscal year 2024, your annual incentive target opportunity will be 125% of base salary earned. To the extent earned, your annual incentive will be paid within 2½ months following the fiscal year to which the annual incentive relates, after the Compensation Committee has determined and approved the amount earned. c.