Key Executive Incentive Plan definition

Key Executive Incentive Plan means any program adopted by the Corporation from time to time with the intention of providing bonus or similar compensation to the executives of the Corporation;
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Key Executive Incentive Plan shall have the meaning set forth in Section 5(b) of the Employment Agreement.
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Key Executive Incentive Plan shall have the meaning set forth in Section 3(b) of the Employment Agreement.
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Examples of Key Executive Incentive Plan in a sentence

  • As of June 16, 2006, 198,755,104 Italy Common Shares, including 155,931 restricted Italy Common Shares in respect of which the restriction period has not expired (the “Italy Restricted Shares”) awarded pursuant to Italy’s 2001 Key Executive Incentive Plan and 2005 Key Executive Incentive Plan (the “KXXX Plans”), are outstanding and no Italy Preferred Shares are outstanding.

  • Employee shall be eligible to participate in the Company’s Key Executive Incentive Plan (which contains a cash incentive and a stock incentive component), as amended and revised by the Company from time to time.

  • Such plans shall be comprised of the following: The Key Executive Incentive Plan The Employer Stock Option Plan It is in the nature of such plans that there is no guarantee of any management incentive compensation, and the determination of any award is solely within the discretion of the Company.

  • Implementation of certain elements of this Agreement, including one or more of the following: (i) acceleration of any payment under the Nortel Networks Corporation Key Executive Incentive Plan and (ii) the Special Incentive Plan (addressed below), is subject to approval by the NNC and NNL Boards of Directors, Ernst & Young Inc.

  • The purpose of the 2020 Key Executive Incentive Plan (the “Incentive Plan”) of Chaparral Energy, Inc.

  • Not later than ninety (90) days after the beginning of each Fiscal Year, the Compensation Committee, in consultation with the Company’s Chief Executive Officer, shall establish threshold, target and maximum performance goals for such Fiscal Year in accordance with the terms of Key Executive Incentive Plan.

  • Key Executive Incentive Plan and Key Employee Retention Plan (the “Plan”) and shall be effective as of February 12, 2014 (the “Effective Date”), which is the date of the Plan’s adoption by the Board.

  • Reflects the accrual of $2.0 million in expected bonus payments under the Key Executive Incentive Plan and a $0.4 million termination fee in connection with the early termination of an office lease, less the settlement of a property tax accrual of $2.6 million in connection with the sale of the Appalachia Properties.

  • The Stone Energy Corporation Key Executive Incentive Plan (the “ KEIP”) is a performance-based incentive program, the purpose of which is to motivate senior executives of Stone Energy Corporation (the “Company”) to make extraordinary efforts to achieve short-term target goals that are crucial to the successful reorganization of the Company and the discharge of the Company and its subsidiaries (the “Debtors”) cases under chapter 11 of the U.S. Bankruptcy Code.

  • By no later than June 30, 2010, you will receive an accelerated payment of any award under the 2009 Nortel Networks Corporation Key Executive Incentive Plan not yet paid to you at that time.

Related to Key Executive Incentive Plan

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

  • 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;

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

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

  • 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.

  • 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).

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

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

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

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

  • 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 Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • 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);

  • Key Executive means an employee of a Textron Company who has been and continues to be designated as a Key Executive under the Plan by Textron’s Chief Executive Officer and Chief Human Resources Officer.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

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

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Partnership or the General Partner, including the Plan.

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

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Share Incentive Plan means any one of the foregoing plans.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

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

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.