Management Incentive Compensation Program Sample Clauses

Management Incentive Compensation Program. Xxxxx will be ----------------------------------------- eligible to participate in the CP&L Management Incentive Compensation Program (MICP) beginning in 2000, for which payment will be made on or before March 31, 2001, in accordance with the terms of the plan. Pursuant to the terms of the MICP, Xxxxx' target compensation under such program will be approximately 25% of base salary earnings. Xxxxx will be entitled to a 1999 Bonus for the remainder of 1999 to be calculated under the terms of the CP&L MICP and prorated accordingly.
Sample 1
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Management Incentive Compensation Program. XxXxxxx will be eligible to participate in the Management Incentive Compensation Program (MICP) beginning in 1997, for which a payment will be made on or before March 31, 1998. Pursuant to the terms of the MICP, XxXxxxx'x target payout will be 25 percent of annual base earnings. XxXxxxx will be paid a minimum of $61,250 (Sixty-One Thousand Two Hundred Fifty Dollars) in March of 1998 for the 1997 performance year.
Sample 1
Management Incentive Compensation Program. The Executive will be eligible to participate in the Management Incentive Compensation bonus and profit sharing program (MIC) with an annual opportunity target of 40% of the Executive’s base salary. This amount will be prorated for the remainder of 2006.
Sample 1
Management Incentive Compensation Program. The Executive shall be a full year participant in the IMO Management Incentive Compensation Program for 1996. Any bonus awarded will be paid at the normal due date for such payment(s), less usual deductions. The fact that the Executive's employment has terminated will not be a factor in determining or calculating any bonus payable under the said Program and the performance of the IMO Industries group (being the Associated Companies) will be taken into account in determining the amount of any bonus. The amount of any such bonus paid under the said Program will be included in the Executive's pensionable earnings from the Company.
Sample 1
Management Incentive Compensation Program. MIP"). -------------------------------------------------- The Company has established an MIP in which you shall be entitled to receive five per cent of the total funds available for distribution to the participants ("MIP Bonus Pool"). The MIP contains certain minimum company guidelines and we will agree upon certain personal guidelines which must be satisfied in order for the MIP to become effective.
Sample 1
Management Incentive Compensation Program. Kilgore will be eligible to participate in the Management Incentivx Xxxxxnsation Program (MICP)beginning in 1998, for which payment will be made on or before March 31, 1999. Pursuant to the terms of MICP, Kilgore's target compensation under such program will be approximaxxxx 00% of base salary earnings; provided, however, that any compensation payable for 1998 performance will be pro rated based upon the date on which Kilgore begins his employment with CP&L under this agreement.
Sample 1

Related to Management Incentive Compensation Program

  • 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.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • 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.

  • 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.

  • 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.

  • 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”).

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • 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.

  • 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.

  • Retirement Incentive a) If an employee gives the Board an irrevocable notice of retirement by February 1st four (4) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining four (4) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st three (3) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three (3) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st two (2) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two (2) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st one (1) year prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by February 1st, that employee shall be removed from the salary schedule contained in Article IX of this Agreement at the beginning of the following school year. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year of the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement an employee’s creditable earnings shall be increased by six percent (6%) of the year of submission, but in no case will the employee’s TRS creditable earnings increase exceed six percent (6%) of the year of submission. If, after submitting an irrevocable notice of retirement by February 1st, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation the previous year, the retirement incentive for that employee will be recalculated accordingly.

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