Common use of Short-Term Incentive Compensation Clause in Contracts

Short-Term Incentive Compensation. Executive shall be entitled to participate in the Company's Key Management Incentive Compensation Plan as in effect from time to time, or any other short-term incentive compensation programs established by the Company for its senior level executives generally, and shall be eligible to receive such short-term incentive compensation, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion and as otherwise determined in accordance with the terms of such plan(s) or program(s).

Appears in 6 contracts

Samples: Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp)

AutoNDA by SimpleDocs

Short-Term Incentive Compensation. Executive shall be entitled to participate in the Company's Key Management Incentive Compensation Plan as in effect from time to time, or any other short-term incentive compensation programs established by the Company for its senior level executives generally, and shall be eligible to receive such short-term incentive compensation, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion and as otherwise determined in accordance with the terms of such plan(s) or program(s).

Appears in 2 contracts

Samples: Employment Agreement (National Steel Corp), Employment Agreement (National Steel Corp)

AutoNDA by SimpleDocs

Short-Term Incentive Compensation. Executive shall be entitled to participate in the Company's Key Management Incentive Compensation Plan as in effect from time to time, or any other short-term incentive compensation programs established by the Company for its senior comparable level executives employees generally, and shall be eligible to receive such short-term incentive compensation, depending upon achievement of certain annual individual or business performance objectives specified and approved by the Board (or a Committee thereof) in its sole discretion and as otherwise determined in accordance with the terms of such plan(s) or program(s).

Appears in 1 contract

Samples: Employment Agreement (National Steel Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.