Annual Incentive Plan (AIP) Clause Samples
The Annual Incentive Plan (AIP) clause establishes the framework for awarding employees with performance-based bonuses on a yearly basis. Typically, it outlines eligibility criteria, performance metrics, and the process for calculating and distributing incentive payments, such as tying bonuses to individual or company-wide goals. The core function of this clause is to motivate employees to achieve specific objectives by providing financial rewards, thereby aligning employee performance with organizational success.
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Annual Incentive Plan (AIP). It is agreed that Bargaining Unit members will be eligible to participate in the Employer’s Annual Incentive Plan (AIP) using the financial targets as described below. This plan will be administered in accordance with the Employer’s AIP plan design. Overtime and other applicable wages will be included per FLSA rules. No part of the AIP goals shall be subject to grievance and arbitration under and circumstances except in the limited instance where an employee contends that he/she was not paid in accordance with the terms of the plan applicable to him/her.
Annual Incentive Plan (AIP). You will be eligible to receive a payment under the FY’10 AIP, based upon the criteria applicable to the Broadcast Communications Division (“BCD”) and the payment will be governed by the terms and conditions of that plan document (including, without limitation, proration based on your Last Day Worked of October 30, 2009). You will be deemed to have satisfied your personal objectives for the purpose of the payment. The financial results and payment with respect to BCD employees will be determined by the Management Development and Compensation Committee. The payment will be equalized for tax purposes per your agreement per current practice.
Annual Incentive Plan (AIP). The timing and amount of payment owed to you under the Fiscal Year 2012 AIP will be governed by the terms and conditions of the AIP. Payment, if any, will be made in September 2012. Payment will be based on the company’s financial results and its assessment of your individual performance against established goals. ▇▇▇▇▇▇ will pay you the lump sum amount you are entitled to receive as a Fiscal Year 2013 AIP payment pursuant to the terms of the AIP and this Agreement. The timing and amount of payment owed to you under the Fiscal Year 2013 AIP will be governed by the terms and conditions of the AIP using your Fiscal Year 2012 target as the Fiscal 2013 target.
Annual Incentive Plan (AIP). Employee will not be eligible to receive an annual incentive payment under the terms of the Company’s 2021 AIP.
Annual Incentive Plan (AIP). Employee will be eligible to receive a prorated portion of the Annual Incentive Plan for 2025, to be paid in accordance with Company timelines and guidelines in 2026 and as determined by the Compensation, Nominating and Corporate Governance Committee of the Company’s Board of Directors. AIP will be prorated based on Employee’s eligible earnings from January 2025 through May 2025.
Annual Incentive Plan (AIP). You will participate in the Company’s AIP (the terms of which may be modified by the Company from time to time) under which you may become eligible to receive an annual award. Subject to the other terms and conditions below, your AIP award in connection with your year 2011 contributions (the Year 2011 AIP Award) shall have a value of not less than $750,000 (Seven Hundred Fifty Thousand Dollars) and shall be issued in calendar year 2012 at the time when the Company usually issues AIP awards in connection with year 2011. Subject to the terms herein related to the Year 2011 AIP Award, any AIP awards to you shall rest in the discretion of the Company and will be subject to applicable withholdings. At the Company’s discretion, any AIP award distribution to you (including but not limited to the Year 2011 AIP Award) may be made, in whole or in part, in the form of (i) restricted stock units of ▇▇▇▇▇▇ Group Holdings Public Limited Company or other instruments (including, but not limited to, other forms of security instruments), any and or all of which may be a form of deferred compensation and/or subject to vesting schedules and/or (ii) a restricted cash payment that is subject to a vesting schedule and/or repayment obligation under such circumstances as the Company may specify. Each of the foregoing forms of compensation will be subject 1 You acknowledge that such salary rate represents a material increase in your base salary (as compared to your base salary rate prior to December 3, 2010) and such position represents a promotion. to such other terms and conditions as the Company specifies, in accordance with the Company’s usual compensation practices and procedures (as may be modified from time to time). Your participation in the AIP shall be subject to the other terms and conditions of such plan. Among other conditions, you must be in the active employ of the Company at the time that any AIP award is normally issued in order to be eligible to receive such award.
Annual Incentive Plan (AIP). ▇▇. ▇'▇▇▇▇ will remain eligible for an award, calculated on a pro rata basis for completed months of service, provided ▇▇. ▇'▇▇▇▇ works as an employee until August 1, 2012. Accordingly, ▇▇. ▇'▇▇▇▇ would be eligible to receive a FY13 Annual Incentive Plan (AIP) payment based on actual financial performance results and an individual rating at “meets” at the normal payout time which the Company anticipates to be in June 2013. Payment will be pro-rated 3/12ths (25%) or an estimated $170,000 (if ▇▇. ▇'▇▇▇▇'▇ business unit qualifies for AIP calculated at Target) to reflect a completed time period of 3 months (from April 30, 2012 - August 1, 2012) out of a total of 12 months during the fiscal year.