Examples of Executive Bonus Plan in a sentence
The base salaries are reviewed annually by the Compensation Committee taking into account the results achieved by the executive, the executive’s future potential, scope of responsibilities, experience and competitive salary practic- es.2. Executive Bonus Plan: The Company has a Global Executive Bonus Plan which provides annual cash incentives based on both compa- ny performance and individual performance.
In the event of a change of control, all shares blocked within the framework of the Executive Bonus Plan are vested.
The material provisions of the Executive Bonus Plan are more fully described in the “Compensation Discussion and Analysis” section included herein.
These payments, which were made under the Company’s Executive Bonus Plan, are reported in the “Non-Equity Incentive Plan Compensation” column (column (g)).
The amounts reported in the “Non-Equity Incentive Plan Compensation” column reflect the amounts earned by and paid to each Named Executive Officer under the Company’s Executive Bonus Plan.