Common use of Incentive Award Clause in Contracts

Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "▇▇▇") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the ▇▇▇ and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 11 contracts

Sources: Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp), Director Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "▇▇▇") and determined as of December 31 of each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 3 contracts

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth Earnings Growth and Return On Equity (the "▇▇▇ROE") and determined as of December 31 of ▇▇ each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth ROE was calculated times the Incentive In▇▇▇tive Award Percentage.

Appears in 3 contracts

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "R▇▇") and determined as of December 31 of each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the R▇▇ and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 2 contracts

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "▇▇▇ROE") and determined as of December 31 of 3▇ ▇f each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth ROE was calculated times the Incentive Award Percentage.

Appears in 1 contract

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "▇▇▇ROE") and determined as of December 31 of each plan year shall determine determ▇▇▇ the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth ROE was calculated times the Incentive Award Percentage.

Appears in 1 contract

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of and earnings growth and Return On Equity (the "▇▇▇ROE") and determined as of December 31 of ▇▇ each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth ROE was calculated times the Incentive Incent▇▇▇ Award Percentage.

Appears in 1 contract

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Incentive Award. The three (3) year rolling average of earnings growth Earnings Growth and Return On Equity (the "▇▇▇") and determined as of December 31 of each plan year shall determine the DirectorExecutive's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the DirectorExecutive's Annual Fees Base Salary for the Plan Year in which the ▇▇▇ and Earnings Growth was calculated times the Incentive Award Percentage.

Appears in 1 contract

Sources: Executive Incentive Retirement Agreement (First Litchfield Financial Corp)