Common use of Annual Incentive Payment Clause in Contracts

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 3 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

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Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 175,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per yearannum; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan ’s Chief Executive Officer 1999 Performance Bonus Plan, as amended (or such any alternative, successor, or replacement plan or program in which the Company's principal operating executivesprogram), other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per yearequal to his annual base salary; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established by the Board of Directors for that year and that such performance may produce an incentive payment ranging from none to 200% any maximum established under such plan or by the Board of Directors of the targeted amountCompany. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan Chief Executive Officer 1999 Performance Bonus Plan, as amended (or such any alternative, successor, or replacement plan or program in which the Company's principal operating executivesprogram), other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per yearequal to his annual base salary; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established by the Board of Directors for that year and that such performance may produce an incentive payment ranging from none to 200% any maximum established under such plan or by the Board of Directors of the targeted amountCompany. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 2 contracts

Samples: Employment Agreement (Arrow Electronics Inc), Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 270,000 per yearannum; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 185,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 350,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate ------------------------ in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 175,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 150,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 the amount per yearannum set forth on Exhibit A to this Agreement; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 237,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 E255,657.00 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment. The Executive's incentive payment for the period September 1, 2006 through August 31, 2007 shall be guaranteed at a minimum of E255,657.00.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating ’s executives, other than the Chief Executive OfficerCEO, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 175,000 per yearannum; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive OfficerCEO, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 175,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

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Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 300,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 225,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 225,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment. The foregoing notwithstanding, the Executive's incentive for the year ending December 31, 2000 shall be not less than $225,000.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 225,000 per year; , provided, however, that the Executive's ’s actual incentive payment for any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 150,000 per yearannum; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 200,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 125,000 per yearannum; provided, however, that the Executive's ’s actual incentive payment for in any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's ’s Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's ’s principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 300,000 per year; provided, however, that the Executive's ’s actual incentive payment for any year shall be measured by the Company's ’s performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's ’s incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

Annual Incentive Payment. The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 175,000 per yearannum; provided, however, that the Executive's actual incentive payment for in any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of twice the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment. The foregoing notwithstanding, it is specifically agreed that the Executive's incentive for the portion of the Employment Period ending December 31, 1999 shall be not less than $60,000.

Appears in 1 contract

Samples: Employment Agreement (Arrow Electronics Inc)

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