Annual Target Incentive definition

Annual Target Incentive means a percentage of each eligible employee’s Compensation, based on their salary grade or equivalent.
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Annual Target Incentive means a percentage of each eligible employee's Compensation, based on their salary grade or equivalent.
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Annual Target Incentive means the Participant’s target annual incentive opportunity under the Company’s annual incentive plan or program (i.e., cash- and equity- based compensation not Base Salary), as communicated to each Participant, typically at the commencement of employment and again annually in the first quarter of each calendar year.
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Examples of Annual Target Incentive in a sentence

  • Prior to or at the beginning of each fiscal year of the Company, the independent directors of the Board (upon the recommendation of the Compensation Committee) shall determine your Annual Target Incentive Award, taking into consideration such factors as the independent directors deem appropriate.

  • The actual Annual Target Incentive earned in any particular year may be as low as zero and as high as 40% of Executive’s Annual Base Salary, depending on the level of achievement of the applicable performance goals.

  • For the avoidance of doubt, there will be no Annual Target Incentive for the 2014 fiscal year.

  • The Annual Target Incentive shall be based on the achievement of predetermined performance goals as determined annually by the Board, which shall be provided to the Executive in writing no later than thirty (30) days following the beginning of the year to which they relate.

  • If the Company terminates Executive’s employment without Cause, or the Executive terminates for Good Reason, in either case, within twelve (12) months following the occurrence of Change in Control, the Term shall expire on the Termination Date and the Executive shall be entitled to a lump sum amount equal to the Average Annual Target Incentive, in addition to the Severance Package provided under Section 3.02 above.

  • The Annual Target Incentive shall be paid to Executive as soon as practicable, but in no event later than the date that is two-and-one-half months following the end of the taxable year (of Executive, or the Company, whichever is later) in which such incentive is earned.

  • This Annual Target Incentive will be calculated on a pro-rata basis if your service period with the Company is less than 12 months within the financial year.

  • An Annual Target Incentive Cash Bonus (“Annual Cash Bonus”) in amount of 60% of the Base Salary of EUR 337.000 that amounts to EUR 202.200 (USD 222,420).

  • The 2020 Annual Target Incentive will be paid quarterly on or about July 1 and October 1 (2020), and the final payment will be paid to Executive as soon as reasonably practicable following the date on which such annual cash incentives are earned, but in no event will be paid later than March 15, 2021.

  • Your Quarterly Target Incentive Award is equal to 25% of your Annual Target Incentive Award specified above.