Annual Incentive Pay definition

Annual Incentive Pay means an amount equal to the highest annual average of the aggregate bonuses or incentive payments of cash compensation in addition to fixed or base compensation paid to you for your services in any two of the last three full fiscal years of the Company immediately preceding the fiscal year of the Company in which the Change in Control occurs (or such lesser number of full fiscal years during which you were employed by the Company if less than three) or, if higher, the highest annual average of the aggregate annual bonuses or incentive payments of cash compensation paid to you for services in any two of the last three full fiscal years of the Company immediately preceding the fiscal year of the Company in which the Termination Date occurs (or such lesser number of full fiscal years during which you were employed by the Company if less than three).

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Annual Incentive Pay means, for any individual, the amount payable, if any, to such individual under the Unisys Executive Variable Compensation Plan (or under any successor annual incentive plan of the Corporation) or under any other similar annual incentive plan of the Corporation approved by the Vice President, Human Resources.

Annual Incentive Pay means any payments or bonuses awarded under the CH2M HILL Companies, Ltd. Annual Incentive Plan or other annual incentive remuneration to be paid to the Participant by the Company and Affiliated Companies which is payable in cash or Stock as approved by the Committee.

Examples of Annual Incentive Pay in a sentence

• The Annual Incentive Plan shall set forth the specific financial and performance goals which must be achieved for Employee to be entitled to receive payment under such Annual Incentive Pay.

• All employees who possess and maintain a valid California Land Surveyor License shall receive Annual Incentive Pay of five percent (5.0%) of base salary, payable as part of the employee's bi- weekly payroll.

• All employees of this unit who possess and maintain a valid California Land Surveyor License shall receive Annual Incentive Pay of five percent (5%) of base salary, payable as part of the employee’s bi-weekly payroll.

• At the execution of the M.O.U., an employee who possess and maintains a valid California/Nevada Cross-Connection Specialist Certification shall receive Annual Incentive Pay of five percent (5.0%) of base salary, payable as part of the employee's bi-weekly payroll, at the City Manager's discretion, if the employee's job assignment requires the individual to perform the work.

• An employee who possesses and maintains a valid QSD/ QSP Certification as required by the State of California for storm water best management practice shall receive Annual Incentive Pay of five percent (5.0%) of base salary, payable as part of the employee's bi-weekly payroll, if the employee's job assignment as determined by the City Manager requires the individual perform the work.

• Annual Incentive Pay Plan and Long Term Incentive Plan, the Ad Hoc Bonus Program, the Retention/Hiring Bonus Program, the Sales and Marketing Incentive Plans, and the Bulk Power Sales Incentive Plan.

• All employees who possess and maintain a valid California and Nevada Cross-Connection Specialist Certification shall receive Annual Incentive Pay of five percent (5%) of base salary, payable as part of the employee’s’ bi-weekly payroll.

• Except as disclosed in the Level One Disclosure Letter, if requested by First Merchants, Level One shall cause the Annual Incentive Pay Plans and pending awards to be terminated prior to the Effective Time; provided, however, that partial or full, as the case may be depending on when during the calendar year the Effective Time occurs, incentive awards shall be paid pursuant to the terms of the Annual Incentive Pay Plans prior to any such termination.

• Except as disclosed in the MBT Disclosure Schedule, if requested by First Merchants, MBT shall cause the Annual Incentive Pay Plans and pending Awards to be terminated prior to the Effective Date.

• The stock or other equity shall be valued as of the close of business on the last trading day of the fiscal year of the Corporation and the value thus obtained shall be utilized in determining the number of shares or other equity required to pay the Annual Incentive Pay equity compensation.

More Definitions of Annual Incentive Pay

Annual Incentive Pay means the annual incentive pay paid to a Participant pursuant to the Annual Incentive Plan.

Annual Incentive Pay means an amount which is equal to the Executive's target award under the Annual Incentive Program ("AIP") component of the MIP (or equivalent plan for any Affiliated Employer) for (i) the calendar year in which a Change in Control occurs, or if no such target award has been established by the Committee or the Employer for such year, then (ii) the Executive's target award under the AIP component of the MIP (or equivalent plan for any Affiliated Employer) for the calendar year next preceding the calendar year in which the Change in Control occurs.