Incentive Cash Bonus definition

Incentive Cash Bonus means an opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established for a performance period specified by the Administrator, granted pursuant to Section 12. Each Incentive Cash Bonus represents an unfunded and unsecured obligation of the Company.
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Incentive Cash Bonus. Annual Target is 100% of Base Salary with upside up to a maximum of 200% for outstanding performance. Bonuses are awarded and paid quarterly. Performance targets will be determined by the Management Development and Compensation Committee of the Board of Directors of Kulicke and Xxxxx Industries, Inc. (“KSI”) after consultation with you. Please refer Company’s Proxy Statement dated 12/31/2009 for plan details. Initial Annual Equity Grant: You will be granted US$1.2 Million in Performance Share Units under the KSI 2009 Equity Plan. At the end of the three year performance period, the payout will be between zero and 200% of the number of share units granted, based upon shareholder return relative to a market index. The vesting of Performance Share Units will be tied to total shareholder return relative to the companies comprising the Philadelphia Semiconductor Index on the date of grant, measured over the three-year performance measurement period. Performance Share Units will vest at the end of the period between zero and 200% based on performance described below. If you retire, die, become disabled, or are involuntarily terminated without cause (as defined in the 2009 Equity Plan) before the end of the three-year performance measurement period, the performance shares will vest pro rata based on your length of employment during the performance period, to the extent the performance goals are met for the performance period. The final vesting of your performance-based share awards will be expressed as a full percentage point ranging from 0% to 200% ranging from 50% payout for 25th percentile performance to 200% payout for 99th percentile performance, with 100% payout at 50th percentile performance. Please refer to KSI’s Proxy Statement dated 12/31/2009 and the 2009 Equity Plan for plan details.
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Incentive Cash Bonus. Each year, the executive bonus pool will equal 8% of annual EBIT before executive bonuses. Each individual participant will have a pre-determined share of this pool. 75% of this pool (6% of pre-bonus EBIT) will be distributed to participants based on their share of the pool. Up to 25% of the pool (2% of pre-bonus EBIT) will be distributed to participants based on the extent to which each participant achieves specific pre-determined objectives as communicated by the compensation committee. If all individual objectives are met, the individual will receive 25% of his/her share. For the 2008 calendar year, your share will be 22%. Future share of the bonus pool will be determined by the executive committee and compensation committee. Initial equity grant: Upon the completion of audited 2007 results, the company shall grant 42,000 10-year options at fair market value. Options shall vest in increments of 1/3 following each anniversary of the grant Annual Equity Award Plan: Executive shall be eligible for annual equity incentives up to 40% of base salary as determined by the compensation committee based on the achievement of individual objectives and corporate benchmarks.
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Examples of Incentive Cash Bonus in a sentence

  • The Executive will be eligible to participate in any annual performance bonus plans and long-term incentive plans established or maintained by the Company for its senior executive officers, including, but not limited to, the Annual Incentive Cash Bonus Plan (“Cash Bonus Plan”) or such similar or successor plans as the Company may establish.

  • In the event of Employee's termination pursuant to Section 7(B) or 7(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company.

  • For the avoidance of doubt, the Parties agree that the Company’s Management Incentive Cash Bonus Plan for fiscal year ending March 31, 2007 will be paid on a twelve-month fiscal year basis consistent with the general approach of the same plan for the fiscal year ending March 31, 2006, and the Company’s Management Incentive Cash Bonus Plan may change to a calendar year basis for the nine-month period ending December 31, 2007.

  • LONG-TERM CASH AWARD AGREEMENT THIS AGREEMENT together with the Award Summary which is incorporated herein by reference (collectively, the “Agreement”) sets forth the terms and conditions of this long-term cash award (“Award”) granted by and the Company pursuant to the U.S. Bank Incentive Cash Bonus and Retention Plan (the “Plan”).

  • The bonuses will be distributed quarterly within the time period set forth in the Company’s Incentive Cash Bonus Plan as currently in effect.

  • In the event of Employee's termination pursuant to Section 6(B) or 6(F) hereof, Employee shall be entitled to receive, at such time as it would otherwise be payable, any Incentive Cash Bonus which would have been payable, based upon the Company's performance over the full fiscal year, prorated for that portion of the fiscal year during which the Employee was employed by the Company.

  • At least once every twelve (12) months the Board shall review the maximum amount of Employee's potential Incentive Cash Bonus and make such adjustments to such maximum amount thereof as it reasonably deems appropriate provided that such maximum amount shall not be reduced.

  • By: Name: Title: Date: Schedule I Schedule of Base Salary, Performance Based Incentive Cash Bonus, Stock Options and Performance Based Stock Options For Fiscal Year 2021 The Executive’s compensation for Fiscal Year 2021 shall include: 1.

  • For purposes of the preceding sentence any amount received by the Executive on account of the termination of the Incentive Cash Bonus Plan will be treated as an amount paid on account of the termination of Executive’s employment.

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More Definitions of Incentive Cash Bonus

Incentive Cash Bonus. Annual Target is 65% of Base Salary with a range of 0% to 200% of target based on performance. Bonuses are awarded and paid quarterly. Performance targets will be determined by the Management Development and Compensation Committee of the Board of Directors of KSI. The terms of the incentive cash bonus plan for executive officers may be revised by the Board of Directors of KSI. Please refer Company’s Proxy Statement dated 12/31/2009 for plan details. Sign-On Equity Awards You will be granted two equity awards equal to US$550,000 based on the share price on the date of grant. The first equity award will be equal to US$366,000 and will be granted in the form of Performance Share Units under the KSI 2009 Equity Plan. The service period and the performance period are thirty-six months. The award cliff-vests 36 months from the date of grant. The payout will be between zero and 200% of the number of share units granted, based upon shareholder return relative to a market index. The second equity award will be equal to US$184,000 and will be granted in the form of Restricted Share Unit Awards under the KSI 2009 Equity Plan. The award vests ratably over 36 months, with one-third vesting on each anniversary of the grant date. Please refer to KSI’s Proxy Statement dated 12/31/2009 and the 2009 Equity Plan for plan details. Sign-On Cash Bonus: A lump sum cash payment of US$150,000 is to be paid on your Start Date converted to Singapore dollars using the 30-day average exchange rate on the date of this letter. This cash payment must be returned to the Company if your employment is terminated by the Company for “Cause” or if you resign for any reason other than “Good Reason,” (as such terms are defined in KSI’s officer severance policy) before the one-year anniversary of your Start Date.
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Related to Incentive Cash Bonus

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award 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.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • 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);

  • Bonus means the bonus described in the Section 2.3.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • 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).

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Bonus Payments means that portion of the bonus payments received by the

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

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.