Annual Cash Incentive Plan Sample Clauses

Annual Cash Incentive Plan. The Compensation Committee, acting in its sole discretion, shall annually, at the beginning of each fiscal year of the Company, approve an annual cash incentive plan (the “Annual Cash Incentive Plan”) for Executive, which Plan shall contain such terms and provisions as the Compensation Committee shall determine. The Annual Cash Incentive Plan shall set forth the specific financial and performance goals which must be achieved for Executive to be entitled to receive payment under such Annual Cash Incentive Plan. Any amounts payable to Executive pursuant to the Annual Cash Incentive Plan is hereinafter referred to as “Cash Incentive Pay.”
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Annual Cash Incentive Plan. Pursuant to the Program and that certain Newpark Resources, Inc. 2010 Annual Cash Incentive Plan (the “2010 ACIP”), Participant shall remain eligible to receive a prorated portion of the Award Payment (as defined in the 2010 ACIP) for the current Plan Year (as defined in the 2010 ACIP) (the “Prorated Award Payment”), subject in all respects to the terms and conditions of the 2010 ACIP which are incorporated herein by reference. The Prorated Award Payment, if earned, will be paid to Participant at the same time as all other Award Payments are made to other 2010 ACIP participants.
Sample 1
Annual Cash Incentive Plan. Xxxxxxx shall be entitled to participate in the annual cash incentive plan adopted by the Company for the benefit of officers and/or regular employees. The target bonus for Xxxxxxx will be initially set at 100% for purposes of the calculation, with the maximum bonus as a percentage of Base Salary being set at 200% of Base Salary and a threshold bonus as a percentage of Base Salary being set at 50% of Base Salary.
Sample 1
Annual Cash Incentive Plan. 1. The Employee is eligible to participate in the Employer’s Annual Cash Incentive Plan, as it is currently in force and as it can be modified by the Employer from time to time. The Employee’s target opportunity amounts to ___% of his annual base salary. Potential awards are based on financial results and are subject to the applicable plan guidelines. The target financial results will be revised on a year-to-year basis and will only be valid for one fiscal year. In the absence of agreed targets for a given year, no award can be earned for that year.
Sample 1
Annual Cash Incentive Plan. Provided that Executive has complied with Sections 3 and 5 of this Agreement, the Company shall pay Executive’s short-term incentive annual cash incentive award (the “STI Award”) for 2020 based on the pro rata period from January 1, 2020 through June 30, 2020 payable at the same time that other executive officers of the Company are paid their STI Awards based on the actual performance for the STI Awards as determined by the Compensation Committee of the Board of Directors of the Company. If Executive fails to comply with Section 3 of this Agreement, Executive agrees to repay to the Company the STI Award described in this Section 2(b) promptly upon the Company’s request.
Sample 1
Annual Cash Incentive Plan. During your employment during the Combined Term, you will be eligible to participate in the Annual Cash Incentive Plan (as it may be amended from time to time, the “ACIP”) in respect of each of fiscal years 2022, 2023 and 2024. Your target bonus opportunity under the ACIP will be equal to 225% (i) of your Salary during the CEO Term for fiscal year 2022, (ii) of your Salary during the Executive Chairman Term for fiscal year 2023 and (iii) of your Salary during the Executive Chairman Term multiplied by a fraction the numerator of which is 60 and the denominator of which is 366 for fiscal year 2024 (each, an “ACIP Target Opportunity”) with any actual award (higher or lower) determined by the Compensation, Benefits and Talent Management Committee of the Board (the “Committee”) based on the Company’s actual performance and your actual performance, subject to the terms and conditions of the ACIP. Your ACIP awards shall be subject to terms and conditions no less favorable than those applicable to other senior executive officers of the Company with respect to their annual incentive award opportunities.
Sample 1
Annual Cash Incentive Plan. Loggenberg shall be entitled to participate in the annual cash incentive plan adopted by the Company for the benefit of officers and/or regular employees. The target Bonus for Loggenberg will be initially set at 60% for purposes of the calculation with the Maximum Bonus as % of Base Salary being set at 120% of Base Salary.
Sample 1
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Annual Cash Incentive Plan. If there is an Involuntary Termination, Executive will be entitled to a prorated bonus under the Company’s annual cash incentive award program, based upon actual performance against the applicable performance goal or goals for the relevant period and payable at the same time as payments are made to other participants in that cash incentive plan.
Sample 1

Related to Annual Cash Incentive Plan

  • Annual Cash Incentive Executive shall be eligible to participate in the Company’s management cash incentive plan and any successor annual cash plans. Executive shall have the opportunity to earn an annual target cash incentive, measured against performance criteria to be determined by the Company’s Board (or a committee thereof) having a target value of not less than 70% of Base Salary.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Incentive Pay If the Termination Date is any day other than the last day of the plan year under the CIP, the Company shall pay to Executive an amount equal to a prorated portion of the award that would have been payable to Executive under the CIP for such plan year based on actual performance towards objectives, prorated based on the number of days of the plan year occurring through the Termination Date divided by 365. Any individual performance objectives applicable to Executive for the fiscal year shall be deemed to have been met at a level resulting in payout of 50% of the award amount allocated to such individual objectives. The payment shall be paid to Executive at the same time and in the same manner as CIP awards are paid to other executives of the Company pursuant to the CIP, but not later than 2 1/2 months following the end of the fiscal year in which the Termination Date occurs, provided that Executive has satisfied the conditions set forth in Section 12. Any separation pay that may become payable pursuant to this Section 10(c) is intended to be a short-term deferral not subject to the requirements of Section 409A of the Code.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

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