Common use of Executive Incentive Plan Clause in Contracts

Executive Incentive Plan. ▇▇. ▇▇▇▇▇▇ will be eligible to receive an Executive Incentive Plan (EIP) payment for Fiscal-Year 2006. This payment will be based solely on the actual corporate financial performance achieved, as established in the beginning of such fiscal year, with no discretionary adjustment made to it. This amount will be paid in a single lump sum payment in cash (or deferred if previously elected) at the time all other EIP participants receive payment.

Appears in 1 contract

Sources: Separation Agreement (Alliant Techsystems Inc)

Executive Incentive Plan. ▇▇. ▇▇▇▇▇▇ I will be eligible to receive an Executive Incentive Plan (EIP) payment for Fiscal-Fiscal Year 20062004. This Such payment will be based solely on the actual corporate financial performance achieved, as established in the beginning of such fiscal year, with no discretionary adjustment made to it. This amount will be paid in a single lump sum payment in cash (or deferred if previously elected) at the time all other EIP participants receive payment.

Appears in 1 contract

Sources: Separation Agreement (Alliant Techsystems Inc)