Annual Incentive Awards Sample Clauses

Annual Incentive Awards. The Executive will be eligible for discretionary annual incentive compensation awards; PROVIDED, that the Executive will be eligible to receive an annual bonus for each fiscal year of Cendant during the Period of Employment based upon a target bonus equal to 100% of Base Salary, subject to Cendant's attainment of applicable performance targets established and certified by the Compensation Committee of the Board (the "Committee"). The parties acknowledge that it is currently contemplated that such performance targets will be stated in terms of "earnings before interest and taxes" of Cendant, however such targets may relate to such other financial and business criteria of Cendant or any of its subsidiaries or business units as determined by the Committee in its sole discretion (each such annual bonus, an "Incentive Compensation Award").
Annual Incentive Awards. The Executive shall be eligible to earn a Target Annual Bonus for each fiscal year of the Company ending during the Employment Period (each, an “Annual Bonus”) equal to 200% of the Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Incentive Compensation Committee (the “Committee”) for such fiscal year The Committee may establish such metrics whereby the Executive may earn an Annual Bonus in excess of the Target Annual Bonus or an Annual Bonus less than the Target Annual Bonus. Any Annual Bonus that becomes payable to the Executive pursuant to this Section shall be paid to the Executive as soon as reasonably practicable following receipt by the Board of the audited consolidated financial statements of the Company for the relevant fiscal year, but in no event later than two and a half (2 1/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. The Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump sum cash payment, or, at his election, in any form that the Board generally makes available to the Company’s executive management team; provided that any such election is made by the Executive in compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations promulgated thereunder. FORM OF EMPLOYMENT AGREEMENT
Annual Incentive Awards. The Executive shall be eligible for a combined annual incentive bonus award from Holding and the Company in respect of each calendar year during the Term of Employment. The Executive's target annual incentive bonus amount for each such year shall be an amount equal to 100% of his annualized Base Salary for such year. The Executive's actual annual incentive bonus amount for each such year may be less than or greater than the target amount depending upon the degree of attainment of criteria, which shall be established by the Boards (or committees of the Boards) in advance of each such year. The Boards (or committees of the Boards) shall determine following the end of each such year whether the criteria for such year have been attained. The Company shall pay the Executive his annual incentive award payment in respect of any year at the same time as bonuses are paid to other executive officers of the Company, but in no event later than fifteen (15) days after receipt by the Boards of the audited consolidated financial statements of Holding and the Company and, if applicable, their Subsidiaries, for the fiscal year for which the bonus is payable and in no event later than the last day of the calendar year following the calendar year for which the bonus is payable.
Annual Incentive Awards. The Executive will be eligible to earn an annual incentive compensation award in respect of each fiscal year of the Company during the Period of Employment, subject to the Committee’s discretion to grant such awards, based upon a target award opportunity equal to 100% of Base Salary (“Target Award”) earned during each such year, effective August 2, 2017 (with any Annual Incentive Award paid for fiscal year 2017 to be prorated), and subject to the terms and conditions of the annual incentive plan covering employees of the Company, and further subject to attainment by the Company of such performance goals, criteria or targets established and certified by the Committee in its sole discretion in respect of each such fiscal year (each such annual incentive, an “Incentive Compensation Award”). Any earned Incentive Compensation Award will be paid to the Executive at such time as will be determined by the Committee, but in no event later than the last day of the calendar year following the calendar year with respect to which the performance targets relate.
Annual Incentive Awards. During the Term, the Executive shall be eligible to receive an annual incentive award (provided the Executive was employed continuously during the applicable fiscal year) pursuant to the Company's Incentive Compensation Plan, as amended (or such other annual incentive plan as may be approved by the Company's shareholders), in effect for the applicable fiscal year ("Bonus Plan"). The Executive's annual incentive award for fiscal year 2005 and thereafter shall have a target of 70% of Base Salary ("Target Bonus"), with a potential maximum award as set forth in the Bonus Plan, in all events based on the Executive's achievement of annual performance and other targets approved by the committee administering the Bonus Plan. The amount and payment of any annual incentive award shall be determined in accordance with the Bonus Plan and shall be payable when bonuses for the applicable performance period are paid to other senior executives of the Company. After any increase in the Executive's target annual bonus opportunity as a percentage of Base Salary as approved by the Board (or its designee), the term "Target Bonus" as used in this Agreement shall thereafter refer to the increased target opportunity.
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.
Annual Incentive Awards. The Executive will be eligible for discretionary annual incentive compensation awards; provided, that the Executive will be eligible to receive an Incentive Compensation Award in respect of each fiscal year of WEX during the Period of Employment based upon a target bonus equal to no less than [ ] % of [ ] earned Base Salary in fiscal year 2005 and [ ]% in fiscal year 2006; provided, however, that such bonus will be subject to the attainment by WEX of applicable performance targets reasonably established and certified by or at the direction of the Board (as hereinafter defined) or the Compensation Committee of the Board (the “Committee”). For purposes of this Agreement, the term
Annual Incentive Awards. At such times as the Board or the Committee determines to conduct annual or periodic grants of long term incentive awards to employees and officers of the Company, the Executive will be eligible to receive such grants, subject to the sole and complete discretion of the Board or the Committee, and upon such terms and conditions as determined by the Board or the Committee, but with due consideration given to the Executive’s position with the Company and the Executive’s historical performance and anticipated future contributions to the Company.
Annual Incentive Awards. 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 no later than 75 days after the Company's fiscal year-end unless Executive agrees otherwise.