Common use of Incentive Award Clause in Contracts

Incentive Award. Return On Equity (the "ROE") and Earnings Growth determined as of December 31 of each plan y▇▇▇ 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 ROE and Earnings Growth was calculated times the Incentive Awar▇ ▇ercentage.

Appears in 1 contract

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

Incentive Award. Return On Equity (the "ROE") and Earnings Growth determined determin▇▇ as of December 31 of each plan y▇▇▇ 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 ROE and Earnings Growth was calculated calc▇▇▇ted times the Incentive Awar▇ ▇ercentageAward Percentage.

Appears in 1 contract

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

Incentive Award. Return On Equity (the "ROE") and Earnings Growth determined determi▇▇▇ as of December 31 of each plan y▇▇▇ 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 ROE and Earnings Growth was calculated calc▇▇▇ted times the Incentive Awar▇ ▇ercentageAward Percentage.

Appears in 1 contract

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

Incentive Award. Return On Equity (the "ROE▇▇▇") and Earnings Growth determined as of December 31 of each plan y▇▇▇ 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 ROE ▇▇▇ and Earnings Growth was calculated times the Incentive Awar▇ ▇ercentageAward Percentage.

Appears in 1 contract

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