Examples of Annual Officer in a sentence
During the Employment Period, the Executive shall be eligible to earn an annual incentive under the Company's Annual Officer Performance Incentive Plan, or a successor plan thereto, as in effect from time to time (the "Incentive Plan"), subject to achievement of performance goals determined in accordance with the terms of the Incentive Plan (such annual incentive referred to herein as the "Annual Incentive").
Annual Officer Incentive Plan (the “Plan”) is a performance-based annual bonus program.
Annual Officer Performance Incentive Plan with all amendments and supplements hereafter made.
Annual Officer Incentive Plan at the same time for periods after December 31, 2013.
Incentive Plan “Incentive Plan” means the Annual Officer Incentive Plan or Annual Employee Incentive Plan of the Corporation, or any successor plans, as applicable to a Participant under the terms and provisions thereof.
For the calendar years 2002, 2003 and 2004, the Executive's annual minimum cash compensation for each such year shall not be less than an amount equal to the Executive's base salary plus 65% of the target payouts under the Annual Officer Performance Incentive Plan and the Long-Term Incentive Compensation Plan ("Annual Minimum").
Any such hiring bonus shall be paid as soon as practicable after the payout under the Annual Officer Performance Incentive Plan is calculated for each such calendar year.
By executing this Award Agreement, the Company and the Participant acknowledge and agree that, solely for purposes of the performance period from January 1, 2006 to December 31, 2006, the Plan will serve as a successor plan to the Annual Officer Performance Incentive Plan as provided for in Section 5(b) of the Participant’s employment agreement and the Participant’s annual incentive will be determined solely by the Covered Employee’s Annual Incentive Award provisions of Section 13 of the Plan.
By executing this Agreement, the Company and the Participant acknowledge and agree that, solely for purposes of the Performance Period, the Plan will serve as a successor plan to the Annual Officer Performance Incentive Plan as provided for in Section 5(b) of the Participant’s employment agreement and the Participant’s annual incentive will be determined solely by the Grant of Cash-Based Awards provisions of Section 10 of the Plan.
Executive agrees that he will not be eligible to participate in the Annual Officer Incentive Compensation Plan for CMS Energy Corporation and Its Subsidiaries, as approved by Committee on May 23, 2003 ("ICP") or as modified subsequent to this Agreement.