Executive Incentive definition

Executive Incentive means EIP Cash and EIP Conditional Rights. “Eligible Employee” means a person who:
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Executive Incentive. Program: CEO shall be entitled to participate in an annual Savings Bank Executive Management-Incentive Compensation Program with a maximum CEO bonus rate of fifteen (15%) percent of total compensation (base salary). Two-thirds of this bonus (up to 10% of base salary) shall be based upon individual performance as determined by the Executive and Compensation Committee as determined in the Performance Review. One-third of this bonus (5% of base salary) shall be subject to the attainment of five specific annual performance goals (1% of base salary for each goal). The goals shall be the same as those governing similar incentives for other executive employees of the Savings Bank. In addition, if all five annual performance goals are achieved, CEO shall receive an added incentive based upon the final net income as of December 31. For every $50,000 increase in net income over budget, CEO shall receive an incentive bonus of three percent (3%) of base salary as of December 31. The Executive Incentive Program bonus, if granted by the Executive and Compensation Committee, shall be a lump sum payment to be made within thirty (30) days of the end of each year of this Agreement. The Executive Incentive Program payment shall not result in a permanent increase in the CEO's salary.
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Executive Incentive. Plan of U.S. Trust Corporation Pursuant to resolutions adopted by the Board of Directors of U.S. Trust Corporation on December 10, 1996, the provisions set forth in the document annexed hereto are hereby adopted as the final language for the Executive Incentive Plan of U.S. Trust Corporation, as amended and restated effective January 1, 1997. Executed by the undersigned this 20th day of December, 1996. /s/ Xxxxxxxx X. XxXxxxx ------------------------------------------ Xxxxxxxx X. XxXxxxx, Senior Vice President U.S. Trust Corporation Executive Incentive Plan of U.S. Trust Corporation As Amended and Restated effective January 1, 1997
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Examples of Executive Incentive in a sentence

  • Under the Executive Incentive Plan bonuses are awarded and either paid in the following financial year (accrued bonus) or paid in subsequent years (amounts receivable under long-term incentive schemes).

  • Pursuant to the Executive Incentive Plan, the Compensation Committee will determine the amount of such bonus, if any, and such amount, if any, will be paid within sixty (60) days of the termination of Executive’s employment.

  • During the term set forth in Section 2, above, Executive shall be eligible to participate in the Executive Incentive Plan, or in such successor plan as may be adopted for the provision of annual incentive compensation for senior executives (the "Annual Incentive Plan").

  • Any Restricted Stock or Performance Stock Awards under the Long Term Executive Incentive Program which are payable due to achievement of Performance Objectives through the year in which the payment under this Agreement becomes due will be paid and fully vested immediately upon the audited close of the fiscal year financials, but in no case later than March 15 of the year following when the payment becomes due under this Agreement.

  • The Long Term Executive Incentive Program Awards that are not earned based on results at the close of the fiscal year in which the payment under this Agreement becomes due will not be payable.

  • This document sets forth the Pall Corporation Executive Incentive Bonus Plan as adopted effective July 17, 2001.

  • Under the Employer’s Executive Incentive Compensation Plan, Executive shall be eligible to receive an annual bonus based on performance as defined by the Board of Directors.

  • Since the year ending 30 June 2012 the variable remuneration has been provided through the Executive Incentive Scheme (EIS).

  • Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management.

  • If during the Employment Term the Executive’s employment terminates by reason of death as described in Section 6(c), the Company shall also pay the Executive’s estate any bonus as determined by the Compensation Committee in accordance with the Company’s Executive Incentive Plan.


More Definitions of Executive Incentive

Executive Incentive. Plan: Eligible to participate in the Executive Officer Annual Incentive Plan (EOAIP). For Fiscal 2018, which began April 2, 2017, the bonus will be prorated based on the Start Date. Bonus — Under the EOAIP, eligible for a bonus opportunity with a target of 300% of fiscal year salary earnings. — Total bonus opportunity will be based 100% on total Company performance. — Calculation can flex up or down by -10% to +10% based on achievement of expense management (strategic) goals. — The maximum bonus payable (including strategic goal adjustment) is capped at 450% of fiscal year salary earnings.
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Executive Incentive. Plan: Eligible to participate in the Executive Officer Annual Incentive Plan (EOAIP) for fiscal 2016, which began March 29, 2015, and eligible to earn a bonus which will be prorated based on the Start Date. Bonus · Under the EOAIP, eligible for a bonus opportunity with a target of 300% of fiscal year salary earnings. · Total bonus opportunity will be based 100% on total Company performance. · Calculation can flex up or down by -10% to +10% based on achievement of expense management goals. · The maximum bonus payable (including strategic goal adjustment) is capped at 450% of fiscal year salary earnings. (At all times your bonus opportunity will be governed by the terms of the Company's EOAIP and nothing contained herein restricts the Company's rights to alter, amend or terminate the EOAIP at any time.)
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Related to Executive Incentive

  • Executive Chairman means the Executive Chairman of the Board.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Executive Director means the executive director of the

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Executive Team means certain senior executives, including members of management covered by Rule 16(b) under the Securities and Exchange Act of 1934, designated by the Committee as the key executive management of the Company, CVI and CSI.

  • Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.

  • Date of Employment means: (i) in the case of an Employee whose employment commenced between the 1st and 15th days inclusive of any month, the 1st day of that calendar month; or (ii) in the case of an Employee whose employment commenced between the 16th and last days inclusive of any month, the 1st day of the following calendar month.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • the Executive means the Health and Safety Executive;

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Lead Director means the Non-Employee Director, if any, who has been designated by the Board as the Lead Director under the Board’s Corporate Governance Guidelines. The Lead Director shall have such duties as shall be assigned to him or her by the Board in such Corporate Governance Guidelines.

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Executive means the individual named in the first paragraph of this Agreement.

  • CEO means the Chief Executive Officer of the Company.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Key Executives means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxxxx, jointly and severally.