Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company.
Bonus and Incentives. 7.1 In addition to the Executive's Remuneration Package and other benefits stipulated in this Agreement, the Executive shall be entitled to the bonuses and incentives set out in this clause, subject to the conditions set out herein.
Bonus and Incentives. Executive shall continue to participate in each applicable bonus and incentive plan of the Company during the Short-Term Disability Period. Executive will receive bonus and incentive payments, if any, in accordance with the normal processes and timing for payment of such amounts to executives who are actively at work.
Bonus and Incentives. Executive shall receive an annual bonus in -------------------- accordance with a Company Bonus Plan adopted by the Compensation Committee of the Board, then in place at the time if any. Executive will be eligible to participate in any stock option, stock grant or other incentive compensation plan adopted by the Board in place at the time if any. Eligibility in no way creates an obligation on the part of the Company to issue options, grants or other incentive compensation to the Executive, which shall be in the sole and absolute discretion of the Compensation Committee of the Board.
Bonus and Incentives. Executive shall be eligible to receive annual bonuses, long term incentives and such other elements of compensation (whether in cash or equity) as determined by and at the discretion of the Board or the Compensation Committee.
Bonus and Incentives. In payment of Executive's prorata bonus for the 2002 fiscal year and his bonus for the Separation Period, Executive shall receive a lump sum payment of $231,425.79 (subject to withholding of all applicable taxes) on the Separation Date.
Bonus and Incentives. (a) It is expressly understood and agreed that the Company shall continue the agreed bonus plan during the life lime of this Agreement. In the event that a complaint is raised by an employee concern- ing an alleged inequity with respect to the applica- tion of the bonus plan to that employee the will consider such complaint and, in the event the Company is satisfied that the complaint has substance and that an inequity exists, Company will re-study the job in question and will permit the job to be studied by an independent representative of the Union and will consider such recommenda- tions as may be made by such Union representa- tives. Incentive earnings shall be unrestricted pro- vided the operator followsthe prescribed method and sequence and maintains the required qual- ity level. Incentive Plan averagecalculation is lo be based on previous thirteen average (quarterly) effective January of the This plan shall provide an employee an opportunity to gain incentive earnings based on employee per- formance. As a minimum performance level, in- centive employees are required to perform at an incentive pace of or more. The target percent- age for a performance of is above normal pace. Incentive payment:
Bonus and Incentives. As of June I, this Article, together with the Incentive Hourly Wage Structure, will no longer be in effect. Beginning June all employees at the manu- facturing facility as date will be paid based on an hourly rate. Their rate will be “red circled” at the average of the previous four (4) 13-week averages’ calculated as per this Article with a minimum of efficiency. All employees hired or transferred into the facility on or after June I. will be paid as per the Non-Incentive Hourly Wage Structure.
Bonus and Incentives. Employee shall continue to participate in each applicable bonus and incentive plan of the Company during the Short-Term Disability Period. Employee will receive bonus and incentive payments, if any, in accordance with the normal processes and timing for payment of such amounts to executives who are actively at work.
Bonus and Incentives. 5.1 The Employee will participate in FREYR's bonus scheme, which terms (including participation) and objectives are at any time under the sole discretion of FREYR.
