The Annual Incentive definition
Examples of The Annual Incentive in a sentence
The Annual Incentive Portion of Severance, if any, shall be paid in cash on the same date the active participants under the Annual Incentive Plan are paid.
The Annual Incentive payable hereunder shall be payable in accordance with the Company's normal practices and policies.
The Annual Incentive Bonus for any calendar year will (if and to the extent earned) be paid no later than the March 15th following the completion of such calendar year.
The Annual Incentive shall be paid to Executive as soon as practicable, but in no event later than the date that is two-and-one-half months following the end of the taxable year (of Executive, or the Company, whichever is later) in which such incentive is earned.
The Annual Incentive Compensation shall be paid to the Executive at the same time as annual incentive compensation is paid to other employees of the Company in accordance with the Company’s normal payroll procedures and shall be conditioned upon the Executive’s continued employment with the Company through and including the scheduled date of payment of annual incentive compensation by the Company to its employees generally.
The Annual Incentive payable hereunder shall be payable in accordance with the Company’s normal practices and policies.
The Annual Incentive shall be payable in a cash lump sum at such time as it is ordinarily paid in accordance with the terms of the Incentive Plan, but in no event later than 120 days after the end of each fiscal year of the Company.
The Annual Incentive Bonus payment will be based upon mutually agreed upon objectives and levels of performance, if any, and shall otherwise be at the discretion of the Board of Directors.
The Annual Incentive Compensation shall be based upon the performance of the Company, the Executive’s business unit and the Executive, determined in accordance with performance criteria established by the Board and the Direct Supervisor at the commencement of each calendar year.
The Annual Incentive Bonus for the first year of the Term shall be prorated based on the number of days the Employee was employed by the Company during the first year of the Term.