Common use of Cash Incentive Compensation Clause in Contracts

Cash Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time in accordance with the Company’s executive annual incentive plan, which terms and conditions shall be communicated to the Executive prior to October 31, 2012 for the period ending December 31, 2012 and prior to April 1 after the beginning of each calendar year ending after 2012 during the Term. The Executive’s target annual cash incentive compensation shall be 80 percent of his Base Salary. The cash incentive compensation will be predicated on both objective corporate and individual measures to be mutually agreed upon between the Executive and the Compensation Committee. The amount of cash incentive compensation awarded to the Executive each year shall be reasonable in light of the contributions made by the Executive for such year in relation to the contributions made and the cash incentive compensation awarded to other senior executives of the Employers for such year. Cash incentive compensation for any year, if awarded by the Compensation Committee, shall be paid in the first 75 days after the beginning of the subsequent calendar year.

Appears in 1 contract

Samples: Employment Agreement (Behringer Harvard Reit I Inc)

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Cash Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time in accordance with the Company’s executive annual incentive plan, which terms and conditions shall be communicated to the Executive prior to October 31, 2012 for the period ending December 31, 2012 and prior to April 1 after the beginning of each calendar year ending after 2012 during the Term. The Executive’s target annual cash incentive compensation shall be 80 32 percent of his Base Salary. The cash incentive compensation will be predicated on both objective corporate and individual measures to be mutually agreed upon between the Executive and the Compensation Committee. The amount of cash incentive compensation awarded to the Executive each year shall be reasonable in light of the contributions made by the Executive for such year in relation to the contributions made and the cash incentive compensation awarded to other senior executives of the Employers for such year. Cash incentive compensation for any year, if awarded by the Compensation Committee, shall be paid in the first 75 days after the beginning of the subsequent calendar year.

Appears in 1 contract

Samples: Employment Agreement (Behringer Harvard Reit I Inc)

Cash Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time in accordance with the Company’s executive annual incentive plan, which terms and conditions shall be communicated to the Executive prior to October 31, 2012 for the period ending December 31, 2012 and prior to April 1 after the beginning of each calendar year ending after 2012 during the Term. The Executive’s target annual cash incentive compensation shall be 80 67 percent of his Base Salary. The cash incentive compensation will be predicated on both objective corporate and individual measures to be mutually agreed upon between the Executive and the Compensation Committee. The amount of cash incentive compensation awarded to the Executive each year shall be reasonable in light of the contributions made by the Executive for such year in relation to the contributions made and the cash incentive compensation awarded to other senior executives of the Employers for such year. Cash incentive compensation for any year, if awarded by the Compensation Committee, shall be paid in the first 75 days after the beginning of the subsequent calendar year.

Appears in 1 contract

Samples: Employment Agreement (Behringer Harvard Reit I Inc)

Cash Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time in accordance with the Company’s executive annual incentive plan, which terms and conditions shall be communicated to the Executive prior to October 31, 2012 for the period ending December 31, 2012 and prior to April 1 after the beginning of each calendar year ending after 2012 during the Term. The Executive’s target annual cash incentive compensation shall be 80 67 percent of his her Base Salary. The cash incentive compensation will be predicated on both objective corporate and individual measures to be mutually agreed upon between the Executive and the Compensation Committee. The amount of cash incentive compensation awarded to the Executive each year shall be reasonable in light of the contributions made by the Executive for such year in relation to the contributions made and the cash incentive compensation awarded to other senior executives of the Employers for such year. Cash incentive compensation for any year, if awarded by the Compensation Committee, shall be paid in the first 75 days after the beginning of the subsequent calendar year.

Appears in 1 contract

Samples: Employment Agreement (Behringer Harvard Reit I Inc)

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Cash Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time in accordance with the Company’s executive annual incentive plan, which terms and conditions shall be communicated to the Executive prior to October 31, 2012 for the period ending December 31, 2012 and prior to April 1 after the beginning of each calendar year ending after 2012 during the Term. The Executive’s target annual cash incentive compensation shall be 80 100 percent of his Base Salary. The cash incentive compensation will be predicated on both objective corporate and individual measures to be mutually agreed upon between the Executive and the Compensation Committee. The amount of cash incentive compensation awarded to the Executive each year shall be reasonable in light of the contributions made by the Executive for such year in relation to the contributions made and the cash incentive compensation awarded to other senior executives of the Employers for such year. Cash incentive compensation for any year, if awarded by the Compensation Committee, shall be paid in the first 75 days after the beginning of the subsequent calendar year.

Appears in 1 contract

Samples: Employment Agreement (Behringer Harvard Reit I Inc)

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