Examples of Similarly Situated Executives in a sentence
The Company (or Diamond, as applicable) shall reimburse Executive for reasonable expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, consistent with how the Company (or Diamond, as applicable) handles expense guidelines and reimbursement for Similarly Situated Executives, which procedure for all such executives is subject to change from time to time.
In addition, Executive is entitled to additional benefit programs of the Company or of Diamond for Similarly Situated Executives, if any, to the extent that his/her position, tenure, salary, age, health and other qualifications make him/her eligible to participate in such plans or programs, subject to the rules and regulations applicable thereto.
The Company agrees to pay any prior year bonus that is authorized by the Compensation Committee by March 15th of the following year, for so long as such timing is applicable to Similarly Situated Executives.
The Company will reimburse Executive for reasonable out-of-pocket expenses incurred and accounted for in accordance with the policies and procedures of the Company for Similarly Situated Executives generally, as they may from time to time be established, interpreted, amended, or terminated.
Executive’s Base Salary shall be reviewed, and may be increased but not decreased below the rate in effect on the Effective Date (other than across-the-board reductions similarly affecting all Similarly Situated Executives), by the Board in a manner that is fair and pursuant to its normal performance review policies for Similarly Situated Executives.
Incentive Compensation Plan (or any successor plan) and to participate in any other equity option, share grant or similar program established by Diamond for the benefit of its executives, on a basis consistent with Similarly Situated Executives, subject to the terms of the plans under which awards occur and any associated grant agreements.
Executive’s Targeted Compensation under the Incentive Plan shall be reviewed, and may be increased but not decreased below his Targeted Compensation in effect in 2003 (other than across-the-board reductions similarly affecting all Similarly Situated Executives), by the Board in a manner that is fair and pursuant to its normal performance review policies for Similarly Situated Executives.
Executive will continue to participate in the Incentive Plan, subject to its terms and conditions as they may from time to time be established, amended, interpreted, or terminated in accordance with the Company’s plans or policies governing such benefits to Similarly Situated Executives generally.
In addition, the Executive shall also participate in all other forms of incentive compensation granted to and on terms similar to those granted to the Similarly Situated Executives, and in amounts or at levels generally consistent with the allocations of awards among the Similarly Situated Executives for 2002.
Executive’s Targeted Compensation under the Incentive Plan shall be reviewed, and may be increased but not decreased below 45 percent of Base Salary (other than across-the-board reductions similarly affecting all Similarly Situated Executives), by the Board in a manner that is fair and pursuant to its normal performance review policies for Similarly Situated Executives.