Target Incentive Plan Sample Clauses

Target Incentive Plan. Executive will be eligible to participate in the Company’s Target Incentive Plan, and for such annual bonuses as are payable under the plan (“Incentive Bonus”).
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Target Incentive Plan. The Target Incentive Plan shall be terminated and cancelled as of the Effective Time and shall not be assumed by Acquiror and the administrator(s) of the Target Incentive Plan shall have taken such actions as are necessary or advisable to effect the transactions contemplated by this Agreement relating to the Target Incentive Plan, automatically converting each holder of an outstanding Target Option immediately prior to the Effective Time into the right to receive, without interest, on a per-share basis, an amount of cash equal to the consideration for the shares of Target Common Stock underlying such Target Option minus the aggregate exercise price set forth in the applicable Target Options as reflected in the Target Capitalization Spreadsheet, less all applicable tax withholding and other deductions (which shall be withheld and paid by the Surviving Corporation).
Sample 1
Target Incentive Plan. As of the Effective Time, the Target Incentive Plan, together with each Target Option, whether vested or unvested, shall have been terminated and cancelled and Target shall have delivered evidence of such termination and cancellation to Acquiror as Acquiror shall have requested. The administrator(s) of the Target Incentive Plan shall take such actions as are necessary or advisable to effect the transactions contemplated by this Agreement relating to the Target Incentive Plan; and
Sample 1
Target Incentive Plan. Executive will be eligible to participate in the Company’s 2001 Incentive Bonus Plan (“Bonus Plan”), and to receive such annual bonuses as are payable under that plan; provided, however, that with respect to the Company’s fiscal year 2013 (“Fiscal 2013”), upon the Compensation Committee certifying the Company’s achievement of the target under the Bonus Plan and the Company satisfying the secondary performance goal under the Management Bonus Plan of target earnings per share, Executive’s annual bonus for Fiscal 2013 under the Bonus Plan will become payable to her in an amount equal to at least $700,000 (subject to lawfully required withholdings).
Sample 1

Related to Target Incentive Plan

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Equity Incentive Plan The Option is a Nonqualified Option and subject to each and every provision of the Equity Incentive Plan which are incorporated by reference herein, as well as the terms and provisions set forth in this Stock Option Agreement and Notice of Grant (this “Stock Option Agreement”). The Equity Incentive Plan shall govern and be conclusive as to all matters not expressly provided for in this Stock Option Agreement. In the event of any conflict between the terms of this Stock Option Agreement and the Equity Incentive Plan, the terms of this Stock Option Agreement shall govern. All capitalized terms contained herein which are not otherwise defined herein shall have the meanings ascribed to them in the Equity Incentive Plan. By accepting the Option you agree to be bound by the provisions of the Equity Incentive Plan and this Stock Option Agreement. A copy of the Equity Incentive Plan has been previously provided to you.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • 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.

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.

  • 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.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

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