IC Plan definition

IC Plan means the existing system of annual cash bonuses payable to Company employees (including Plan Members), pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Company, business group and individual performance.

IC Plan means any of the Company’s annual incentive compensation plans (or similar plans instituted in place of the annual incentive compensation plans).

IC Plan means the incentive compensation plan of the Company in which the Executive participates as of the Termination Date.

Examples of IC Plan in a sentence

• As used in this Section 5, "Annual Bonus" means the greater of (i) the annual target bonus under the I.C. Plan attributable to the Plan Member or (ii) said annual target bonus times a fraction equivalent to the average percentage of said annual target bonus paid to said Plan Member for each of the two preceding fiscal years of the Company (or for such lesser period of time as such Plan Member participated in the I.C. Plan).

• The Company reserved 500,000 shares of its common stock for grant under the IC Plan, and shares reserved for award and unused under the previous three plans were cancelled.

• For future grants, the IC Plan replaced the previous three plans.

• Except as otherwise provided in this Section V, payment of any amount designated by a Participant for in-service withdrawal, in accordance with provisions of either the IC Plan, the Annual Plan or MAP, whichever is applicable, shall be made to the Participant in a lump sum as of the first day of the quarter/year specified by the Participant.

• Shareholders approved the terms of our IC Plan, which is designed to satisfy the provisions of Section 162(m) of the Internal Revenue Code at the 2017 Annual Meeting of Shareholders.

More Definitions of IC Plan

IC Plan means the incentive compensation plan of the Company (or any of its affiliates) in which the Executive participates as of the Termination Date.

IC Plan means the PPG Industries, Inc. Incentive Compensation for Key Employees, as amended from time to time and formerly known as the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees.

IC Plan means the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees.

IC Plan means the existing system of annual bonuses (cash, equity or a combination thereof) payable to Participants, pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Partnership and/or individual performance.

IC Plan as defined in Section 8.g.

IC Plan means the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees, as amended from time to time.

IC Plan means the existing system of annual bonuses (cash, equity or a combination thereof) payable to Participants, pursuant to which annual target bonuses are established based upon job levels and