Target Incentive Compensation means the Executive’s target annual incentive compensation as set forth in Section 2(b); and
Target Incentive Compensation means the Participant’s target cash performance bonus, if any, for the year in which the Date of Termination occurs.
Target Incentive Compensation means with respect to any calendar year the annual Incentive Compensation Executive would have been entitled to receive under Section 4(b) for such calendar year had he remained employed by the Company for the entire calendar year and assuming that all targets for such calendar year had been met.
Examples of Target Incentive Compensation in a sentence
Employee will be a Group 2 Participant in the Target Incentive Compensation Plan.
Employee will be a Group 4 Participant in the Target Incentive Compensation Plan.
Thereafter, Incentive Compensation shall be targeted at a minimum of 100% of the Base Salary or, if applicable, Adjusted Base Salary for any year in which Employer EBITDA Achievement is one hundred percent (100%) or more ("Target Incentive Compensation").
Employee will be a Group 3 Participant in the Target Incentive Compensation Plan.
The Target Incentive Compensation Pool will be expressed as a percentage of the aggregate annual Base Salaries of all participants in the Plan for the applicable Plan Period.
More Definitions of Target Incentive Compensation
Target Incentive Compensation means the Executive’s target bonus for the current fiscal year. In no event shall “Target Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Such Change in Control Severance Amount shall be paid in substantially equal installments in accordance with the Company’s payroll practice over 12 months; and
Target Incentive Compensation means the target incentive award(s) that may be earned by achievement of specified performance objectives, under the annual and long term incentive compensation plan or plans in which the Executive participated immediately prior to the Change in Control of the Company.
Target Incentive Compensation. The amount of the Executive's target incentive compensation under the applicable Executive Bonus Plan for the fiscal year in which the date of termination occurs, shall be paid on the Termination Date; and
Target Incentive Compensation means the target incentive award(s) that may be earned by achievement of specified performance objectives, under the annual and long term incentive compensation plan or plans in which the Executive participated immediately prior to the Change in Control of the Company.
(d) Any purported termination of the Executive's employment by the Company by reason of the Executive's Disability or for Cause, or by the Executive for Good Reason, shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 5(f) hereof. For purposes of this Agreement, a "Notice of Termination" shall mean a notice given by the Executive or by the Company, as the case may be, which shall indicate the specific basis for termination and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for the determination of the payments required to be made under this Agreement; provided, however, that the Executive shall not be entitled to give a Notice of Termination to the effect that he/she is terminating his/her employment with the Company for Good Reason after the expiration of ninety (90) days following the last to occur of the events claimed by him to constitute Good Reason.
Target Incentive Compensation means the Executive’s target annual incentive compensation as set forth in Section 2(b); provided that the Change in Control Payment shall be reduced by the amount of the Restrictive Covenant Agreement Setoff, if applicable; and
Target Incentive Compensation for a fiscal year shall be the average of your actual incentive compensation (including both cash and the fair value of equity awards at the time of grant; for avoidance of doubt, the fair value of a restricted stock award or a restricted stock unit award that vests over time conditioned solely on continued employment, shall be determined based on the closing price of a share of underlying stock on the date of grant multiplied by the number of shares subject to the award) (x) for the three most recent full fiscal years for which you have been paid incentive compensation or (y) for such lesser number of full or partial fiscal years for which you have been paid incentive compensation (with any partial fiscal year weighted proportionally less than any full fiscal year in determining your average incentive compensation; and in the event you never have been paid any incentive compensation for a full or partial fiscal year, your Target Incentive Compensation shall be the target annual incentive compensation for the Prior Year as may be set forth in your Employment Agreement, or if no such amount is set forth therein, 100% of your annual Base Salary). If you initiate or otherwise participate in any arbitration proceeding against the Company to enforce the rights and entitlements granted to you pursuant to this Paragraph 6 and you substantially prevail in such a proceeding, you shall be entitled to recover from the Company all of your costs of enforcement, including reasonable attorney’s fees and expenses.
Target Incentive Compensation means:
(I) with respect to the Basic Payment, with respect to any calendar year, the annual actual Incentive Compensation Executive would have been entitled to receive under Section 4(b) for such calendar year based on actual performance results, if any, had he remained employed by the Company for the entire calendar year, but then pro-rated based on the actual number of days that the Executive was employed by the Company during such calendar year with respect to which such Incentive Compensation relates; and
(II) with respect to the Special Payment, with respect to any calendar year, the annual Incentive Compensation Executive would have been entitled to receive under Section 4(b) for such calendar year had he remained employed by the Company for the entire calendar year and assuming that all targets for such calendar year had been met.