Incentive Compensation Subcommittee definition

Incentive Compensation Subcommittee means a subcommittee of the Nominations, Compensation and Corporate Governance Committee, appointed by the Nominations, Compensation and Corporate Governance Committee, the composition of which subcommittee shall satisfy the requirements of Rule 16b-3 under the Securities and Exchange Act of 1934, as amended (the "1934 Act"), with respect to grants to Section 16(a) Persons, and who also qualify, and remain qualified as "outside directors" as defined in Section 162(m) of the Code.
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Incentive Compensation Subcommittee means a subcommittee of the Nominations, Compensation and Corporate Governance Committee, appointed by the Nominations, Compensation and Corporate Governance Committee, the composition of which subcommittee shall satisfy the requirements of Rule 16b-3 under the 1934 Act (with
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Incentive Compensation Subcommittee means a subcommittee of the Nominations and Compensation Committee, appointed by the Nominations and Compensation Committee, the composition of which subcommittee shall satisfy the requirements of Rule 16b-3 under the Securities and Exchange Act of
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Examples of Incentive Compensation Subcommittee in a sentence

  • Awards granted to Section 16(a) Persons and Covered Employees shall be granted by the Incentive Compensation Subcommittee.

  • The Incentive Compensation Subcommittee shall be solely responsible for setting actual performance targets in accordance with the performance standards set forth in the preceding sentence and for determining whether such targets have been attained.

  • In the event that there are, at any time, fewer than two members of the Incentive Compensation Subcommittee, the Board of Directors shall appoint, from its remaining members, one or more additional Incentive Compensation Subcommittee members so that the Incentive Compensation Subcommittee shall include at least two "outside directors" as defined in Prop.

  • The purpose of this Section 8 is to permit the Incentive Compensation Subcommittee to grant Options or make Awards to a key employee who is a "covered employee" as defined in Prop.

  • Awards granted to Employees who are not Section 16(a) Persons or Covered Employees may be granted by the Nominations and Compensation Committee or the Incentive Compensation Subcommittee.

  • Administration of the Plan with respect to Section 16(a) Persons and Covered Employees shall, to the extent required or appropriate under the 1934 Act or the Code, be delegated to the Incentive Compensation Subcommittee.

  • COMMITTEE shall mean the Incentive Compensation Subcommittee of the Nominations, Compensation and Corporate Governance Committee of the Board, or any subcommittee thereof.

  • For purposes of this Plan, "Committee" shall mean, with respect to employees who are subject to the reporting requirements of Section 16(a) of the 1934 Act (as defined below) ("Section 16(a) Persons"), the Incentive Compensation Subcommittee, and with respect to all other Optionees (as defined in Section 3(b) hereof), either the Nominations and Compensation Committee or the Incentive Compensation Subcommittee, as the case may be.

  • Awards granted to Employees who are not Section 16(a) Persons or Covered Employees may be granted by the Nominations, Compensation and Corporate Governance Committee or the Incentive Compensation Subcommittee.

Related to Incentive Compensation Subcommittee

  • Compensation Committee means the Compensation Committee of the Board.

  • 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.

  • 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.

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

  • 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);

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

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • 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).

  • Board Committee means those individual Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article V and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Benefits Committee means the Employee Benefits Committee of Textron.

  • Remuneration Committee means the remuneration committee of the Company;

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

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

  • Retirement board or "board" means the retirement system's governing board provided for in 2-15-1010.

  • Bonus means the bonus described in the Section 2.3.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Medical Executive Committee or “MEC” means the Executive Committee of the Medical Staff.

  • Plan Committee means a committee of two or more directors appointed by the Board to administer the Plan.

  • Independent Board Committee means the independent board committee of the Company

  • Sub-Committee means a committee of a committee created by the board.

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Governance Committee means the Governance Committee of the Board.

  • 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).