Management Incentive Compensation Plan definition
Examples of Management Incentive Compensation Plan in a sentence
Executive shall participate in any Management Incentive Compensation Plan adopted by the Company or in such other bonus plan as the Board may approve for the senior executives of the Company.
Provided Executive has duly performed his/her obligations pursuant to this Agreement, the Executive shall be entitled to participate in or receive benefits under the Management Incentive Compensation Plan implemented by the Company.
Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.
Subject to paragraph 17 of this Agreement, the Executive shall be entitled to receive an annual incentive compensation payment pursuant to the terms of the Management Incentive Compensation Plan in effect at the date of this Agreement and as amended at any future date (the “Incentive Plan”) or pursuant to any successor incentive plan or arrangement adopted by the Bank or BCH for its officers.
Executive shall be eligible to participate in either the Company’s 1996 Management Incentive Compensation Plan or 2003 Management Incentive Compensation Plan, as applicable, or any replacement plan, and as such plans may be further amended, modified, or terminated, from time to time (the “MICP”), in accordance with the terms and conditions set forth herein and therein.