Common use of Short Term Incentive Clause in Contracts

Short Term Incentive. Eligibility for the annual Short Term Incentive is based upon a forty percent (40%) target of Employee base annual salary as of April 1 of each year and is pursuant to the terms of the Short Term Incentive Plan Document which operates at the discretion of Company and its Board of Directors, and is not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at target.

Appears in 3 contracts

Samples: Employment Agreement (SunOpta Inc.), Employment Agreement (SunOpta Inc.), Employment Agreement (SunOpta Inc.)

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Short Term Incentive. Eligibility for the annual Short Short-Term Incentive is based upon a forty fifty percent (4050%) target of Employee base annual salary Employee’s Base Salary as of April 1 of each year and is pursuant to the terms of the Short Short-Term Incentive Plan Document which operates at the discretion of Company and its Board of Directors, and is not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at targetDate.

Appears in 1 contract

Samples: Employment Agreement (SunOpta Inc.)

Short Term Incentive. Eligibility for the annual Short Term Incentive is based upon a forty fifty percent (4050%) target of Employee Employee’s base annual salary as of April 1 of each year and is pursuant to the terms of the Short Term Incentive Plan Document Document, which operates at the discretion of Company and its Board of Directors, and is not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at targetDate.

Appears in 1 contract

Samples: Employment Agreement (SunOpta Inc.)

Short Term Incentive. Eligibility for the annual Short Term Incentive is based upon a forty fifty percent (4050%) target of Employee base annual salary as of April 1 of each year and is pursuant to the terms of the Short Term Incentive Plan Document which operates at the discretion of Company and its Board of Directors, and is not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at target.

Appears in 1 contract

Samples: Employment Agreement (SunOpta Inc.)

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Short Term Incentive. Eligibility for the annual Short Term Incentive is based upon a forty fifty percent (4050%) target of Employee base annual salary as of April 1 of each year and is pursuant to the terms of the Short Term Incentive Plan Document which operates at the discretion of Company and its Board of Directors, and is not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at targetDate.

Appears in 1 contract

Samples: Employment Agreement (SunOpta Inc.)

Short Term Incentive. Eligibility for the annual Short Short-Term Incentive is based upon a forty fifty percent (4050%) target of Employee base annual salary as of April 1 of each year Employee's Base Salary and is pursuant to the terms of the Short Short-Term Incentive Plan Document which operates Document. Target percentages and plan terms are subject to change at the sole discretion of Company and its Board of Directors, Directors and is are not a guarantee of compensation. For the 2017 Short Term Incentive Plan year, Employee will be eligible for a prorated award calculated from the month of the Effective Date and a payment guarantee at target.

Appears in 1 contract

Samples: Employment Agreement (SunOpta Inc.)

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