Total Direct Compensation Opportunity. The sum of Executive’s Salary, Target Annual Bonus and Target LTI shall be referred to as his “Total Direct Compensation Opportunity”; it being understood that Total Direct Compensation Opportunity shall not include any other compensation, including, but not limited to, the Retention Bonus (as defined in Section 4(e) below), and benefits. Executive’s Total Direct Compensation Opportunity with respect to any calendar year during the Initial Term commencing with 2010 shall be not less than four percent (4%) more than Executive’s prior year’s Total Direct Compensation Opportunity.
Appears in 6 contracts
Samples: Employment Agreement (Sciele Pharma, Inc.), Employment Agreement (Sciele Pharma, Inc.), Employment Agreement (Sciele Pharma, Inc.)
