Annual Cash Incentive Award Sample Clauses


ANNUAL CASH INCENTIVE AWARD. During the Employment Term, the Executive shall participate in (a) the Bonus Plan with a target bonus of 50% of the Base Salary, or such other amount as may be determined in its discretion by the Board or the appropriate committee or individual to which authority for these matters has been assigned, and (b) any other incentive programs established by the Company for its senior level executives generally.


ANNUAL CASH INCENTIVE AWARD. During the Employment Term, the Executive shall be entitled to participate in all long-term and short-term incentive programs established by the Company for its senior level executives generally, including, without limitation, the VIASYS Healthcare Inc. Management Incentive Plan. Specifically, the Executive shall be entitled to participate in the annual cash incentive program of the Company. Under such program, the Executive shall be eligible to receive an annual bonus targeted at 50% of the Executive’s annual base pay, or such higher percentage as the Board may, in its discretion, determine. The Board shall also have similar discretion to determine any Pro-Rated Annual Bonus pursuant to Section 10(a)(ii), 10(b)(iii), 10(d)(ii) and 10(g)(ii). The target bonus shall be subject to certain conditions, including without limitation multipliers, that are consistent with the annual bonus plan applicable to other senior executives of the Company.

ANNUAL CASH INCENTIVE AWARD. Executive will participate in the Company’s annual cash incentive plan established for senior executives with an annual target cash award equal to 100% of Base Salary, and a maximum cash award equal to 200% of Base Salary. Executive’s annual cash incentive award will be payable at such time as annual cash incentive awards are paid to executive officers generally, but not later than 120 days after the end of the fiscal year for which such award is earned. Such annual cash incentive award shall be considered earned only if Executive is employed by the Company as of the last day of the fiscal year to which the award applies.

ANNUAL CASH INCENTIVE AWARD. During the Employment Term, the Executive shall participate in (a) the Viasys Healthcare Inc. Management Incentive Plan with a target bonus of fifty percent (50%), or such other amount as may be determined by Board or the appropriate committee or individual and (b) any other incentive programs established by the Company for its senior level executives generally.

ANNUAL CASH INCENTIVE AWARD. During the Term of Employment, the Executive shall participate in the annual cash incentive award program of the Company. Under such program, the Executive shall have a reference bonus each calendar year equal to 125% of the Executive’s then current Base Salary (the “Reference Bonus Amount”), prorated for partial years. The actual bonus paid will be a multiple of the Reference Bonus Amount (from zero (0) to two (2) times the Reference Bonus Amount). The actual multiple will reflect a variety of subjective and objective factors, as determined by the Board. The Executive shall be paid his annual cash incentive award at the same time that other senior executives are paid their annual cash incentive awards.

ANNUAL CASH INCENTIVE AWARD. For 2017, you will be eligible to participate in HGV’s annual cash bonus incentive plan (the “HGV Bonus Plan”). Your target annual bonus opportunity for 2017 shall be equal to 150% of base salary, and your maximum annual bonus opportunity shall not exceed 300% of your base salary (two times target). Commencing in 2018 and in future years, your target and maximum short-term incentive opportunities shall be subject to periodic review by the Compensation Committee, provided that you will be eligible to participate in the HGV Bonus Plan at a level commensurate with the level of participation of other HGV senior executive officers. The performance measures and goals applicable to your annual bonus opportunity (for any year) shall be established by the Compensation Committee, and the Compensation Committee shall have the discretion to determine if, and the extent to which, any such measures and goals have been met and the bonus has been earned. While it is generally anticipated that your annual short-term incentive opportunities will be maintained (or increased), your participation in the HGV Bonus Plan does not constitute a promise of payment. Your actual incentive payout, if any, will depend on HGV’s financial and business performance and/or the Compensation Committee’s assessment of your individual performance, and will be subject to the terms and conditions of the HGV Bonus Plan, except as otherwise provided herein or in the Severance Agreement (defined below). Any bonus payment made to you under the HGV Bonus Plan will be paid to you no later than March 15th of the year following the performance year, provided you remain employed through and including the payment date, or shall otherwise be made in a manner intended to be exempt from, or to comply with, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

ANNUAL CASH INCENTIVE AWARD. Mr. Wagner shall be eligible to receive a prorated award under the 2015 Annual Cash Incentive Award Plan (2015 ACIAP) approved by the Compensation Committee at their February 5, 2015, meeting. If the Compensation Committee approves the payment of an award to the Section 16 officers under the 2015 ACIAP at its February 4, 2016, meeting, then Mr. Wagner will become entitled to a Prorated Award. If Awards are made, then Mr. Wagner’s Prorated Award will equal the product of (A) and (B), where (A) equals the quotient of the number of days Mr. Wagner is employed by the Company divided by 365, and (B) equals the sum of the Individual Component (as defined below) and the Corporate Component (as defined below).


ANNUAL CASH INCENTIVE AWARD