Senior Management Incentive Program Sample Clauses

Senior Management Incentive Program. The Employee shall be a participant in the Company's Senior Management Incentive Program. Under the Program, the Employee may become entitled to an Incentive Bonus as hereinafter described:
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Senior Management Incentive Program. The parties understand and agree that they anticipate Stonestrom’s duties as Executive Chair include increasing the value of Airspan, and that a material portion of his compensation shall be based on that growth. In keeping with such goal, and as a material inducement for Sxxxxxxxxx to accept the terms of this Agreement, upon any Transaction, Sxxxxxxxxx (or in the event of his death, his beneficiary or beneficiaries, or his estate) shall receive compensation as a participant in the Senior Management Incentive Program, a copy of which shall be provided to Sxxxxxxxxx upon the Senior Management Incentive Program receiving approval from Airspan’s Compensation Committee. On the effective date of any Transaction, Sxxxxxxxxx shall be entitled to a single lump-sum cash payment from Airspan (or a third party with whom Airspan has contracted to make the payment) in an amount equal to the Senior Management Incentive Program benefit identified in the Senior Management Incentive Program if the Transaction takes place during his employment or in a period within six months following the termination of his employment by Airspan without Cause, resignation for Good Reason, or Airspan’s non-renewal of this Agreement, to be paid within the time specified in Section 6. Airspan shall disclose the obligations to pay the Senior Management Incentive Program benefit to any third party involved in any Transaction and specifically agrees that Sxxxxxxxxx’x rights to such Senior Management Incentive Program benefit shall be preserved in any contract, agreement, or other document that effectuates any such event. Airspan expressly agrees that Sxxxxxxxxx shall be considered a third-party beneficiary to any agreement for any Transaction for the purpose of enforcing his right to receive the Senior Management Incentive Program benefit identified herein.
Sample 1
Senior Management Incentive Program 
Sample 1

Related to Senior Management Incentive Program

  • 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.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Sick Leave Incentive Program MSUAASF and Minnesota State may develop a sick leave incentive program through the establishment of a joint committee.

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Senior Management If a Dispute occurs that the senior representatives of the Parties responsible for the transaction contemplated by this Agreement have been unable to settle or agree upon within a period of fifteen (15) days after such Dispute arose, Sellers shall nominate and commit one of Panther’s senior officers, and Buyer shall nominate and commit one of its senior officers, to meet at a mutually agreed time and place not later than thirty (30) days after the Dispute arose to attempt to resolve same. If such senior management have been unable to resolve such Dispute within a period of fifteen (15) days after such meeting, or if such meeting has not occurred within forty-five (45) days after such Dispute arose, then any Party shall have the right, by written notice to the other, to resolve the Dispute through the relevant Independent Expert pursuant to Section 16.03.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

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