Annual Performance Based Incentive. An annual performance based incentive upto US$180,000( US Dollars One Hundred and Eighty Thousand Only) based upon on the performance criteria determined by the Board provided the Board may, at its discretion based upon the review of the performance of the Company and the contribution of the Executive, revise the Annual Performance Based Incentive to a higher amount not exceeding US $ 300,000 ( US Dollars Three Hundred Thousand) per annum. The Annual Performance Based Incentive shall be paid quarterly/half yearly or annually as the Board may determine.
Appears in 2 contracts
Sources: Senior Executive Employment Agreement, Senior Executive and Whole Time Director Employment Agreement (Igate Corp)
Annual Performance Based Incentive. An annual performance based incentive Annual Performance Based Incentive upto US$180,000( US Dollars One Hundred and Eighty Thousand Only) 2,00,000 based upon on the performance criteria determined by the Board provided that the Board may, at its their discretion based upon the a review of the performance of the Company and the contribution of the ExecutiveExecutive therein, revise the Annual Performance Based Incentive to a higher amount not exceeding US $ 300,000 ( US Dollars Three Hundred Thousand) US$6,00,000 per annum. The Annual Performance Based Incentive shall to be quantified and to be paid quarterly/half quarterly /half yearly or annually as the Board may determine.
Appears in 2 contracts
Sources: Senior Executive Employment Agreement, Senior Executive Employment Agreement (Igate Corp)
Annual Performance Based Incentive. An annual performance Annual Performance Based Incentive upto US $ 2,00,000 based incentive upto US$180,000( US Dollars One Hundred and Eighty Thousand Only) based upon on the performance criteria determined by the Board provided that the Board may, at its their discretion based upon the a review of the performance of the Company and the contribution of the ExecutiveExecutive therein, revise the Annual Performance Based Incentive to a higher amount not exceeding US $ 300,000 ( US Dollars Three Hundred Thousand) 6,00,000 per annum. The Annual Performance Based Incentive shall to be quantified and to be paid quarterly/half quarterly /half yearly or annually as the Board may determine.
Appears in 1 contract