Non-Equity Incentive Compensation definition
Examples of Non-Equity Incentive Compensation in a sentence
It is understood that any Non-Equity Incentive Compensation to be awarded to the Executive may be based on the attainment by the Employer of certain performance goals established by the Board of Directors in consultation with the Executive relating to factors, including but not limited to, asset quality, profitability and growth.
Future Non-Equity Incentive Compensation will be determined by the Personnel and Compensation Committee or the Board of Directors in their discretion.
It is understood that any Non-Equity Incentive Compensation to be awarded to the Executive may be based on the attainment by the Bank or its Affiliates of certain performance goals established by the Board of Directors in consultation with the Executive relating to factors, including but not limited to, asset quality, profitability and growth.
At the same time that payments are made to all other participants in such Rio Tinto Non-Equity Incentive Compensation Plans, the Companies shall provide funds to the CPE Group equal to the Companies pro rata share of the Bonus Amount as determined pursuant to the preceding sentence and the CPE Group (or CPE) shall make the payments to Executive Employees and Transferred Employees.
The targeted level of performance required to earn the targeted Non-Equity Incentive Compensation Award amount shall be as agreed by the Compensation Committee or the Executive Committee of the Board, on the one hand, and the Executive, on the other hand.
The Company shall within thirty (30) days of the date of termination pay the Executive a lump sum payment in an amount equal to (A) three times the Base Salary (at the highest rate in effect for any period prior to the date of termination), plus (B) in the case of a COC Termination only, three times the Non-Equity Incentive Compensation Award actually paid for the performance year prior to the date of termination.
The Executive’s target Non-Equity Incentive Compensation Award under the Plan for each fiscal year during the Employment Term shall be such amount as shall be determined by the Board in accordance with the Plan, but shall be at least one hundred twenty five percent (125%) of the Executive’s Base Salary for the year involved, provided that the Company achieves the targeted level of performance under the Plan for the relevant fiscal year.
The Company shall within ten (10) days of the date of termination pay the Executive a lump-sum amount equal to the sum of (A) his earned but unpaid Base Salary through the date of termination, (B) any earned but unpaid Non-Equity Incentive Compensation Award under Section 4(b) above, and (C) any business expenses due to the Executive from the Company as of the date of termination.