Total Compensation Opportunity Sample Clauses

Total Compensation Opportunity. The compensation opportunities set forth in Section 3(a), (b) and (c) are intended to be competitive with compensation offered by the Company’s peers and such compensation will be reassessed by the Board (or a committee thereof) at least annually to determine overall competitiveness relative to the market and to make such adjustments, subject to the first sentence of Section 3(a), as the Board, in its sole discretion, determines to be appropriate with respect to any one or more components of Executive’s total compensation.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Total Compensation Opportunity. Exclusive of the one-time equity grant discussed in Section 3(d) below, Executive’s annual target total compensation shall be $7,500,000. Executive’s total compensation opportunity may be subject to such increases as may be determined from time to time at the sole discretion of the CHRC.
Sample 1
Total Compensation Opportunity. The objective of the compensation process will be to assure the Executive compensation competitive with his counterparts at appropriate peer firms, subject to relative performance. Accordingly, subject to the Minimum Annual Compensation, for calendar years after the year 2000 during the Employment Period, the Committee shall determine the Executive's total annual compensation, in its sole discretion, based on the following principles: A. The Executive's total compensation opportunity will be consistent with appropriate peer firms, taking into consideration primarily bank-based competitors. In establishing total compensation opportunity, KeyCorp shall select and engage a consulting firm reasonably satisfactory to the Executive, and the consulting firm shall assist the Committee in identifying and defining the peer group and provide factual information to the Committee to determine the peers' median total compensation on a normal operating basis (excluding extraordinary compensation related to business combinations or other non-recurring events) ("Peer Median Compensation"). B. The Executive's position will be marked against external peers rather than being based on internal job relationships within KeyCorp. C. Total compensation will be positioned at Peer Median Compensation, including appropriate upside opportunity and downside risk. Individual pay elements (such as base salary, short-term incentive compensation and stock options) will be consistent with those at firms within the peer group, although the mix of such elements may vary (for example, the use and amount of stock options as part of the total compensation package). D. Actual total compensation will be directly linked to the Executive's individual performance and Key Capital Partners and KeyCorp performance. The weighting of the KeyCorp component will be consistent with the weighting of such component for the most senior executives of the other major business groups of KeyCorp (i.e., currently Key Retail Banking and Key Corporate Capital and Specialty Finance). E. The performance measures used to assess performance will be: (1) Individual performance of the Executive; (2) Key Capital Partners performance versus peer group performance with respect to specific, mutually agreed upon metrics; (3) Key Capital Partners performance versus its business plan; and (4) KeyCorp's performance versus performance measures established by the Committee from time to time for KeyCorp as a whole (such as core earnin...
Sample 1

Related to Total Compensation Opportunity

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

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