Incentive Compensation and Bonuses Sample Clauses

Incentive Compensation and Bonuses. Executive ------------------------------------- shall receive annual incentive compensation and bonuses in accordance with the terms of the Executive Incentive Compensation Plan attached hereto as Exhibit A, subject to Company's then-current plans, practices, policies, and procedures with respect to incentive compensation established by the Board of Directors of Company (or a committee thereof) and generally applicable to comparable executives of Company.
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech's fiscal years, its management will recommend to the Compensation Committee of the Board of Directors whether to pay to Executive additional compensation, and the Compensation Committee shall determine if additional compensation shall be paid to Executive, and if so, in what amounts. Such a determination by the Compensation Committee shall be made in conjunction with its consideration of an overall incentive compensation plan for senior management of Avatech. The Compensation Committee may pay to Executive any or all of the following: incentive compensation based on Executive's achievement of specific goals or objectives developed by the Compensation Committee; a bonus based upon outstanding performance by the Executive; and additional options to purchase Avatech's Common Stock under its Incentive Stock Option plan or otherwise.
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Incentive Compensation and Bonuses. The Seller shall be liable, responsible and obligated for the payment of all incentive compensation and bonuses of the Employees up to the Closing Date in accordance with the terms of the applicable plans providing for such incentive compensation and bonuses from Seller.
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Incentive Compensation and Bonuses. In addition to the Base Compensation, CARMICHAEL shall alxx xxxxxxe or be eligible to receive additional compensation in the form of incentive compensation and bonuses as follows:
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech's fiscal years, Avatech's Chief Executive Officer and the Board of Directors shall adopt annual performance measures, with quarterly targets, for the Executive for the upcoming fiscal year (the "Performance Goals"). In the event that the Executive's performance meets the Performance Goals, Avatech will pay to Executive an annualized bonus of one hundred thousand dollars ($100,000) (the "Incentive Compensation"), payable in quarterly installments in accordance with Avatech's customary payroll policies in force at the time of payment. In the event that Executive's performance exceeds the Performance Goals, the Compensation Committee shall determine if amounts, in addition to the Incentive Compensation, shall be paid to Executive, and if so, in what amounts. In the event that Executive's performance does not meet the Performance Goals, the Compensation Committee shall determine if any amounts in excess of the Base Salary shall be paid to Executive, and if so, in what amounts. Such a determinations by the Compensation Committee shall be made in its sole discretion, in conjunction with its consideration of an overall incentive compensation plan for senior management of Avatech. The Compensation Committee may pay to Executive any or all of the following: incentive compensation based on Executive's achievement of specific goals or objectives developed by the Compensation Committee; a bonus based upon outstanding performance by the Executive; awards of stock pursuant to the Avatech's Restricted Stock Award Plan; and additional options to purchase Avatech's Common Stock under its Incentive Stock Option plan or otherwise.
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Incentive Compensation and Bonuses. Executive shall receive annual incentive compensation and bonuses in accordance with the terms of an annual Executive Incentive Compensation Plan prepared by Company for each calendar year, subject to Company's then-current plans, practices, policies, and procedures with respect to incentive compensation established by the Board of Directors of Company (or a committee thereof) and generally applicable to comparable executives of Company.
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech's fiscal quarters, the Compensation Committee of the Board of Directors of Avatech shall determine an amount of cash incentive compensation and a stated performance measure ("Performance Goal") for the next following fiscal quarter. Such cash incentive compensation shall be paid to Executive after the close of the fiscal quarter if the Executive has met the Performance Goal for that fiscal quarter, in accordance with Avatech's customary payroll policies in force at the time of payment.
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Incentive Compensation and Bonuses 
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Related to Incentive Compensation and Bonuses

  • 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 The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be forty five percent (45%) of their Base Salary, although any the actual incentive compensation amount shall be discretionary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • 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.

  • 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.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • 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.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • 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.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • 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.

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