Bonuses and Incentive Payments Sample Clauses

Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the Xxxxxxxx & Company 2008 Short-Term Incentive Plan and/or the Xxxxxxxx & Company 2016 Management Team Incentive Compensation Plan, or any successors thereto, based on achievement of the performance standards set forth under such plan(s), as determined by the Compensation Committee of the Board; provided that Executive’s annual target bonus amount for 2016 and subsequent years will be no less than eighty percent (80%) of Executive’s Base Salary. Executive shall also be eligible for long-term incentive awards under the Xxxxxxxx & Company 2016 Omnibus Stock and Incentive Plan (the “Omnibus Stock and Incentive Plan”), or any successor thereto, as determined by the Compensation Committee of the Board; provided that Executive’s long-term incentive award amounts for any year, including 2016, will have an aggregate target value (as determined by the Compensation Committee) of no less than one hundred percent (100%) of Executive’s Base Salary.
Sample 1
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Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the Xxxxxxxx & Company Short-Term Incentive Plan, or any successor thereto, based on achievement of the performance standards set forth under such plan, as determined by the Compensation Committee of the Board. Executive shall also be eligible under the Xxxxxxxx & Company Long-Term Incentive Plan for awards under the Xxxxxxxx & Company Executive Stock Bonus Plan (the “Stock Bonus Plan”) and/or the Xxxxxxxx & Company 2007 Management Team Incentive Compensation Plan, or any successors thereto, as determined by the Compensation Committee of the Board.
Sample 1
Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the Xxxxxxxx & Company Short-Term Incentive Plan, or any successor thereto, based on achievement of the performance standards set forth under such plan, as determined by the Compensation Committee of the Board. Executive shall also be eligible under the Xxxxxxxx & Company Long-Term Incentive Plan for awards under the Xxxxxxxx & Company Executive Stock Bonus Plan and/or the Xxxxxxxx & Company 2007 Management Team Incentive Compensation Plan, or any successors thereto, as determined by the Compensation Committee of the Board. In addition, the Company shall grant Executive restricted stock awards under the Xxxxxxxx & Company Executive Stock Bonus Plan, payable in shares of Stock (as defined under the plan), of which (i) shares with a Fair Market Value (as defined under the plan) equal to $65,667 rounded down to the nearest whole share, using a valuation date that is the last trading day immediately preceding December 31, 2009, shall be delivered to Executive free and clear of restrictions on December 31, 2009, (ii) an additional tranche of shares with a Fair Market Value equal to $65,667, using a valuation date that is the last trading day immediately preceding December 31, 2010, shall be delivered to Executive free and clear of restrictions on December 31, 2010, and (iii) a final tranche of shares with a Fair Market Value equal to $65,666, rounded down to the nearest whole share, using a valuation date that is the last trading day immediately preceding December 31, 2011, shall be delivered to Executive free and clear of restrictions on December 31, 2011, provided that Executive must remain in the employ of the Company through each payment date to receive such shares.
Sample 1
Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the Incentive Program, or any successors thereto, based on achievement of the performance standards set forth under such plan(s), as determined by the Company; provided that Executive’s annual target bonus amount for 2018 and subsequent years will be no less than thirty five percent (35%) of Executive’s Base Salary (the “Bonus Percentage”).1 Executive shall also be eligible for awards under Rubicon Global Holdings, LLC’s incentive plans, or any successors thereto, based on the conditions set forth under such plans.
Sample 1
Bonuses and Incentive Payments 
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Related to Bonuses and Incentive Payments

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • 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.

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