Common use of Target Incentive Pay Clause in Contracts

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2010 fiscal year of the Company shall be as follows: One Hundred Ninety Two Thousand Dollars (U.S. $192,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 2010, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

AutoNDA by SimpleDocs

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2010 2009 fiscal year of the Company shall be as follows: One Hundred Ninety Two Sixty Five Thousand Dollars (U.S. $192,000165,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20102009, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2010 2008 fiscal year of the Company shall be as follows: One Hundred Ninety Two Fifty Nine Thousand Five Hundred Dollars (U.S. $192,000159,500); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20102008, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

AutoNDA by SimpleDocs

Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2010 2008 fiscal year of the Company shall be as follows: One Hundred Ninety Two Fifty Four Thousand Dollars (U.S. $192,000154,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 20102008, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.

Appears in 1 contract

Samples: Employment Agreement (Afc Enterprises Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!