Short-Term Incentive Compensation definition

Short-Term Incentive Compensation means the Incentive Compensation payable under the Short-Term Incentive Compensation Program, or any successor or other short-term incentive plan or program.

Short-Term Incentive Compensation means such short-term incentives as the Committee may approve from time to time.

Short-Term Incentive Compensation means the Executive’s short term incentive compensation target bonus in effect at the time of the Change of Control, and if no target bonus has been established, then the bonus earned by the Executive in the year immediately preceding the Change Year. For purposes of this Section, short term incentive compensation means (i) incentive compensation (including bonuses) for periods of one year or less, and (ii) is calculated before any reduction on account of deferrals, but does not include signing or hiring bonuses received by newly hired executives nor special retention bonuses outside of Key’s regular short term annual incentive compensation program.

Examples of Short-Term Incentive Compensation in a sentence

• The Company reserves the right to amend and/or terminate its Short-Term Incentive Compensation Plan and nothing in this Agreement entitles Executive to any particular level of participation in the Company's Short-Term Incentive Compensation Plan.

• During the term of Executive's employment with the Company pursuant to this Agreement, Executive shall be entitled to participate in the Company's Short-Term Incentive Compensation Plan as in effect from time to time.

• Short-Term Incentive Compensation The Company may pay discretionary cash bonuses, which are intended to reward individual contribution to corporate performance over the course of the Company’s most recent fiscal year.

• The Short-Term Incentive Compensation Plan states that no participant in the plan shall receive compensation pursuant to the plan in excess of $1,500,000 during any calendar year.

• Exhibit 10.4* Amendment to Cabot Corporation Short-Term Incentive Compensation Plan dated December 31, 2008.Exhibit 10.5* Amendment No. 2 to Cabot Corporation Amended and Restated Deferred Compensation Plan dated December 31, 2008.

More Definitions of Short-Term Incentive Compensation

Short-Term Incentive Compensation means the incentive compensation payable solely at the discretion of the Board, pursuant to the Company’s then existing incentive compensation program or any other program as the Company may establish from time to time in its sole discretion.

Short-Term Incentive Compensation means the amount of the cash bonus accrued by an Employee in respect of the relevant period (whether or not such amount is currently paid or deferred) under the Alleghany Management Incentive Plan (or any plan adopted by the Board in replacement of such plan). In the case of a Participant who becomes Totally Disabled, the Participant shall be treated as accruing Short-Term Incentive Compensation for the period which begins on the date on which he becomes Totally Disabled, continues while he is Totally Disabled and which ends no later than his Normal Retirement Date (the “Disability Period”), at an annual rate which is equal to his average annual rate of Short-Term Incentive Compensation. For this purpose, a Participant’s average annual rate of Short-Term Incentive Compensation shall mean the average of his Short-Term Incentive Compensation for the three consecutive calendar years in the period of the ten calendar years which immediately precedes the date he becomes Totally Disabled and which results in the highest such average, or if he had not been employed by the Alleghany for at least 3 complete, consecutive calendar years, then the annual average of his Short-Term Incentive Compensation for all full calendar years during which he was so employed. Such average annual rate of Short-Term Incentive Compensation shall be adjusted, for each calendar year in the Disability Period, to take into account the percentage increase, if any, in the CPIU (as defined in Section 1.05) over the previous calendar year.

Short-Term Incentive Compensation means annual cash bonuses, as reflected in the “Summary Compensation Table” under “Compensation Discussion & Analysis—Compensation Data”.

Short-Term Incentive Compensation means bonuses paid under the Baker Hughes Incorporated Annual Incentive Plan, the Baker Hughes Incorporated

Short-Term Incentive Compensation means bonuses paid under the Baker Hughes Incorporated Annual Incentive Plan, the Baker Hughes Incorporated Annual Incentive Plan for Employees and the Company’s discretionary short-term bonus program.

Short-Term Incentive Compensation means the Executive's targeted short term incentive compensation for the Change Year.

Short-Term Incentive Compensation means the amount of the cash bonus accrued by an Employee in respect of the relevant period (whether or not such amount is currently paid or deferred) under the Alleghany Management Incentive Plan (or any plan adopted by the Board in replacement of such plan).