Incentive Compensation Payment means amounts meeting the definition of “performance-based compensation” under Section 409A awarded to a Participant pursuant to the Corporation’s executive annual bonus plan.
Incentive Compensation Payment shall equal the amount that would have been payable to Employee pursuant to all of the terms and provisions of the Company's MIP, as it may be amended or replaced from time to time, had Employee's employment continued until the end of the fiscal year of the Company in which Employee's Termination Date occurs. (This payment shall be in addition to any payment for a prior fiscal year which has not yet been paid.) For purposes of calculating the amount that would have been due to Employee pursuant to the MIP (i) any provision of the MIP requiring continued employment will be disregarded; (ii) the Company shall assume that Employee's Base Salary would continue throughout the end of such fiscal year at the same rate in effect on the Termination Date; (iii) the actual performance of the Company shall be utilized; (iv) the Company shall assume that any subjective performance criteria or requirements were satisfied; and (v) all other factors impacting the calculation of the amounts due will be determined by the Company's Board of Directors or a Committee thereof in the exercise of its discretion. The Incentive Compensation Payment will be paid at the same time as similar payments are paid to active employees. The Employee shall not be entitled to receive any compensation or grants pursuant to the Company's Long Term Incentive Plan, or any successor plan or program, following the Termination Date. Company also intends that life, disability, accident and group health benefits and coverages (each an "Insurance Benefit" and collectively the "Insurance Benefits") substantially similar to those which Employee was receiving immediately prior to the Notice Date be made available to Employee following the Notice Date, but Company does not intend to duplicate Insurance Benefits provided by a successor employer. If and to the extent that and so long as such Insurance Benefits (or an Insurance Benefit) is not provided by a successor employer, Company will arrange to provide such Insurance Benefit or Insurance Benefits to Employee at a cost to Employee of not more than the cost to Employee of similar coverage immediately prior to the Notice Date. If an Insurance Benefit is not provided by a successor employer and Company, after a good faith effort, is unable to provide continued coverage to Employee with respect to one or more of such Insurance Benefits because of restrictions imposed by any insurance carrier that provides such Insurance Benefit or Benefits, in lieu of the una...
Incentive Compensation Payment has the meaning assigned to such term in the Genesis OLP Partnership Agreement.
Examples of Incentive Compensation Payment in a sentence
An eligible Participant must designate on the Election Form the percentage of base salary that will be deferred and/or the percentage of any Incentive Compensation Payment otherwise payable with respect to services performed during such calendar year that will be deferred under the Plan.
Unless otherwise determined by the Committee, the maximum amount that a Participant may defer under the Plan for any calendar year is fifty percent (50%) of base salary and/or seventy percent (70%) of any Incentive Compensation Payment.
The Final Performance Score shall be calculated for each Participant and shall determine the Total Earned Incentive Compensation pursuant to the applicable Incentive Compensation Payment Schedule.
If an eligible Participant fails to submit a properly completed Election Form by the election deadline, he or she will be ineligible to defer any Incentive Compensation Payment under the Plan for services performed in the current calendar year.
For an election to defer any Incentive Compensation Payment for services to be performed in the current calendar year and otherwise payable in the immediately following calendar year, an Election Form must be completed and submitted no later than June 30 of the current calendar year, or such earlier date as the Committee may specify for the deferral of “performance-based compensation” under Section 409A.
More Definitions of Incentive Compensation Payment
Incentive Compensation Payment means the amount payable to a Participant under the American and Efird, Inc. Incentive Compensation Plan, the Harris Teeter Administrative Income Plan, the Ruddick Corporation Incentive Compensation program and any other incentive program sponsored by a Participating Company that the Administrative Committee elects to include. Incentive Compensation Payments will be considered “performance based compensation” for purposes of Code Section 409A and related regulations or similar guidance.
Incentive Compensation Payment shall equal the amount that would have been payable to Employee pursuant to all of the terms and provisions of the Company's MIP, as it may be amended or replaced from time to time, had Employee's employment continued until the end of the fiscal year of the Company in which Employee's Termination Date occurs. (This payment shall be in addition to any payment for a prior fiscal year which has not yet been paid.) For purposes of calculating the amount that would have been due to Employee pursuant to the MIP (i) any provision of the MIP requiring continued employment will be disregarded; (ii) the Company shall assume that Employee's Base Salary would continue throughout the end of such fiscal year at the same rate in effect on the Termination Date; (iii) the actual performance of the Company shall be utilized; (iv) the Company shall assume that any subjective performance criteria or requirements were satisfied; and (v) all other factors impacting the calculation of the amounts due will be determined by the Company's Board of Directors or a Committee thereof in the exercise of its discretion. The Incentive Compensation Payment will be paid at the same time as similar payments are paid to active employees. The Employee shall not be entitled to receive any compensation or grants pursuant to the Company's Long Term Incentive Plan, or any successor plan or program, following the Termination Date.
Incentive Compensation Payment has the meaning assigned to such term in the Third Amended OLP Agreement.
Incentive Compensation Payment means the amount payable to a Participant under an incentive compensation plan sponsored by a Participating Company or an Affiliate and designated as eligible for deferral under the Plan. Incentive Compensation Payments will be considered “performance based compensation” for purposes of Code Section 409A and related regulations or similar guidance. Incentive Compensation Payments include amounts paid by a Participating Company in cash under the 2013 Harris Teeter Merger Cash Bonus Plan and certain long-term cash bonus plans sponsored by The Kroger Co. as determined by the Administrative Committee, but only for purposes of Deferral Contributions under Section 3.2 and not for purposes of Matching Contributions under Section 3.5 or any make-up contributions under Section 3.7 or Section 3.8.
Incentive Compensation Payment means a payment made to the General Partner pursuant to Section 7.12 of the Third Amended Agreement.
Incentive Compensation Payment shall equal the average annual "Incentive Compensation" paid to Dion by Company with respect to the five fiscal years preceding the fiscal year in which the Termination Date occurs divided by 26. For purposes of this Section, "Incentive Compensation" refers to the amounts payable to Dion pursuant to any management incentive compensation or bonus program sponsored by Company during the fiscal years included in the five-year averaging period. The payments called for by the preceding provisions of this Section shall continue throughout the Employment Period. Company then shall pay Dion the Consulting Fee in equal bi-weekly payments throughout the Consulting Period.