Compensation and Incentive Plans Sample Clauses

Compensation and Incentive Plans. 1. Review from time to time, modify if necessary, and approve: (a) the Company’s corporate goals and objectives relevant to executive compensation and (b) the structure of the Company’s Exhibit D to Shareholders Agreement executive compensation to ensure that such structure is appropriate to achieve the Company’s objectives of rewarding the Company’s executives appropriately for their contributions to the Company’s growth and profitability and the Company’s other goals and objectives and linking the interests of the Company’s executives to the long-term interests of the Company’s equity owners through a mix of long-term and short-term incentives and features that include downside risk, as well as upside potential.
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Compensation and Incentive Plans. You will participate in the U.S. compensation and incentive programs. Your base salary at the start of your assignment is USD 460,000 annually. Your annual incentive opportunity is targeted at 100% of base salary, is discretionary, and will be based on regional performance. You will continue to be eligible to participate in our annual long-term incentive plan at 75% of your annual base salary. The type and size of any equity awards are always subject to approval by the Compensation Committee of Laureate Education’s Board of Directors (the “Compensation Committee”). The exercise price of any stock options will be not less than the fair market value of Laureate’s Class A Common Stock, except as may be otherwise determined by the Compensation Comittee. Specifics of the terms of the equity award will be described in separate equity grant agreement documents, which will be delivered upon grant of this equity and which you must sign. In addition, you will be eligible for a one-time long-term bonus targeted at 100% of your base salary: USD 460,000. This bonus is not intended to be a recurrent plan and is predicated on future AMEA EBITDA performance for years 2017-2018. The details of this plan will be shared with you in a separate document. Your compensation will be paid from the U.S. You acknowledge that Laureate’s obligations under this letter may be satisfied by LEI Administration, LLC, a subsidiary of Laureate, and to the extent Laureate’s obligations are so satisfied, you may not seek additional payment from Laureate. Should LEI Administration fail to satisfy an obligation, Laureate shall remain liable.
Sample 1

Related to Compensation and Incentive Plans

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • 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.

  • 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.

  • 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 Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

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