Target Incentive Opportunity definition

Target Incentive Opportunity means the Executive’s target annual long-term equity incentive opportunity in respect of the fiscal year in which the Date of Termination occurs or, if higher, immediately prior to the fiscal year in which occurs the first event or circumstance resulting in a CIC Qualifying Termination; provided, that if the Executive is not eligible to receive a specified target annual long-term equity incentive opportunity following a Change in Control, the Target Incentive Opportunity shall mean the most recent target annual long-term equity incentive opportunity actually granted to the Executive by the Company in the last annual grant cycle occurring immediately prior to the Change in Control.
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Target Incentive Opportunity means the percentage of the Participant's base salary paid from the Participant's effective date of participation through the end of the Plan Year, which will be paid if the target Performance Measures are achieved. Should a Participant have periods of illness or injury during the Plan Year, payments such as sick leave or disability pay, which are paid to the Participant in lieu of base salary during those periods, will be considered as base salary for the purpose of computing Incentive Compensation Awards.
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Target Incentive Opportunity means the grant of an Award under the Plan that provides a Participant an opportunity to earn a payment based on the level of achievement over a Performance Period of pre-established performance goals relating to the Enterprise, the Company, or a Business Unit, Subsidiary or affiliate of the Enterprise or the Company and, if so determined by the Committee, individual performance.
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Examples of Target Incentive Opportunity in a sentence

  • Your Target Incentive Opportunity will be subject to review annually for increase but not decrease.

  • I understand that under the Plan I will receive severance pay equivalent to two (2) times my current base salary plus 100% of my Target Incentive Opportunity (“TIO”) under the Company’s Management Incentive Compensation Plan (“MICP”) as set forth on the “Individual Statement of Severance” that I received from the Company and is incorporated as “Exhibit 1” to this Agreement (my “Severance Pay”).

  • Subject to the approval of the Human Resource and Compensation Committee, the Annual Incentive Program provides a Target Incentive Opportunity of 100% of your Base Salary.

  • The Company and the Participant further acknowledge and agree that, for purposes of the employment agreement, during the Performance Period, the term Target Incentive Opportunity shall mean the percentage of the Participant’s Base Salary as provided for in Section 1(a) above.

  • I understand that under the Plan I will receive severance pay equivalent to two (2) times my current base salary plus 100% of my Target Incentive Opportunity (“TIO”) under the Company’s Management Incentive Compensation Plan (“MICP”) as set forth on the “Individual Statement of Severance” that I received from the Company and is incorporated as Exhibit 1 to this Agreement (my “Severance Pay”).

  • The Company and the Participant further acknowledge and agree that, for purposes of the employment agreement, during the performance period from January 1, _____ to December 31, _____, the term Target Incentive Opportunity shall mean xx% of the Participant’s annualized base salary.

  • Your Target Incentive Opportunity will be reviewed annually by the Compensation Committee and may be increased but not decreased.

  • Your actual annual performance-based bonus shall be determined by the Company and may range from no payout for not achieving threshold performance to amounts in excess of the Target Incentive Opportunity for stretch performance up to 75% of your base salary.

  • The actual Incentive Award to be awarded to the Executive for any year shall be determined by the Board, or by a committee thereof with delegated authority, in its discretion, and may exceed or be lower than the Target Incentive Opportunity.

  • I understand that I will receive severance pay equivalent to the sum of two (2) times my current base salary plus one (1) times 100% of my Target Incentive Opportunity (“TIO”) under the Company’s Management Incentive Compensation Plan (“MICP”) as set forth on the “Individual Statement of Severance” that I received from the Company and is incorporated as “Exhibit 1” to this Agreement (my “Severance Pay”).

Related to Target Incentive Opportunity

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.