Annual Incentive definition

Annual Incentive see Section 2.7.

Annual Incentive means the higher of (i) a Covered Executive’s target annual incentive in the then partial calendar year, if applicable, of his/her termination of employment, or (ii) his/her highest actual annual incentive earned in the three (3) full prior calendar years preceding his/her termination of employment under an annual incentive plan sponsored by the Company or any comparable plans of The E. W. Scripps Company (and annualized in the case of any pro rata annual incentive earned for a partial calendar year); and

Annual Incentive see Section 4.2.

Examples of Annual Incentive in a sentence

• If the Employee timely executes this Agreement and remains an employee of the Company during the Transition Period, he will (a) continue to receive his current base salary during the Transition Period and (b) be eligible to receive the full target bonus under the Annual Incentive Plan in respect of the year 2024.

• In accordance with Section 2 of this agreement, the Employee shall be entitled to receive a pro rata portion of the target bonus under the Annual Incentive Plan in respect of year 2024 based on the number of days the Employee was employed with the Company from the first date of the Annual Incentive Plan year through the Separation Date over 365.

• Such prorated target bonus will be payable at the same time bonuses under the Annual Incentive Plan are paid to other senior executive of the Company (and in all events no later than March 15, 2025).

• Employee will be entitled to participate in the Bank’s employee benefit plans, including the Amended 2004 Annual Incentive Award Plan or its successor, 401(k) savings plan, medical, dental, vision, long-term disability, and short term disability benefits or insurance programs on the same basis as any of those benefits or insurance programs are available generally to other officers of similar position under the Bank’s then current personnel policies.

• The Target Bonus in respect of the year 2024 will be payable at the time bonus amounts are payable to other employees of the Company Group and will be in lieu of any other amount payable to the Employee under the Annual Incentive Plan in respect of the year 2024.

More Definitions of Annual Incentive

Annual Incentive shall have the meaning set forth in Section 5.2 hereof.

Annual Incentive means the annual incentive, also referred to as the Pitney Bowes Incentive Plan (PBIP), that a Participant is eligible to earn under the Pitney Bowes Key Employee Incentive Plan.

Annual Incentive. Plan ("AIP") for 1997. Awards shall be determined and paid under the AIP for the 1997 Plan Year based on the performance goals established by the Compensation Committee. However, in the event of a Change in Control prior to the payment of the 1997 Plan Year Award, such AIP Award payable to Executive for the 1997 Plan Year shall be in an amount at least equal to the full "target" level amount for the year.

Annual Incentive means the higher of (i) a Covered Executive’s target annual incentive in the then partial calendar year, if applicable, of his/her termination of employment, or (ii) his/her highest actual annual incentive in the three (3) full prior calendar years preceding his/her termination of employment.

Annual Incentive. Plan," when immediately preceded by "NSI" means the National Service Industries, Inc. Management Compensation and Incentive Plan, and any other short-term compensation, bonus, or incentive compensation programs established or maintained by the NSI Group. When immediately preceded by "Spinco," "Annual Incentive Plan" means any short-term compensation, bonus, or incentive compensation programs to be established or maintained by Spinco pursuant to Section 2.3.

Annual Incentive means the annual bonus earned for a year pursuant to any annual incentive plan or program adopted by the Compensation Committee. Annual Incentive shall not include any spot bonuses, hiring bonuses, separation payments, retention payments, or other special or extraordinary payments.

Annual Incentive means individually or collectively, a grant under this Plan, subject to the terms of this Plan, payable in cash to a Participant as described in Article 6.