Special Incentive Award Sample Clauses

Special Incentive Award. The Retention Award is a special incentive award to you and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension, retirement, death or other benefit under any other bonus, incentive pension, retirement, insurance or other employee benefit plan or agreement of the Bank or any of its affiliates, unless such plan or agreement expressly provides otherwise. Subject to the provisions of Section 13, below, the Retention Award is in addition to any amount or benefit payable under your regular salary, compensation and bonus plans following the Merger and any such other agreement or plan unless such agreement or plan expressly provides otherwise. 5.
Sample 1
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Special Incentive Award. The Company shall and hereby does, effective as of July 18, 2002 (the "Award Date"), make a special incentive award (the "Award") to Executive which shall consist of (i) the IPO Award, as described in and governed by Exhibit B hereto, and (ii) the Long-Term Award, as described in and governed by Exhibit C hereto, each of which exhibits is specifically made a part of this Agreement.
Sample 1
Special Incentive Award. Simultaneous with the grant of annual Long-term Incentive Awards to senior executives for 2014 (expected to occur on or around February 12, 2014), subject to your continued employment with the Company through the date of grant, the Board or the Committee shall award you a special incentive award having an aggregate grant date value of approximately $2,000,000 (based on the valuation method used by the Company for its senior executives for compensation grant purposes) (the “Special Incentive Awards”), as determined pursuant to the Company’s customary valuation methods for grants of incentive awards. The Special Incentive Awards will be subject to the general terms of the Company plans under which the awards are granted, and have terms comparable to the terms of any related award agreements in accordance with the Company’s customary practices for senior executives, in each case, consisting of a comparable mix of awards as, and having the same general vesting and other terms as provided under, your 2014 annual Long-term Incentive Award grants (including both the applicable performance conditions and the applicable proportion of such grants subject to such performance conditions). The Special Incentive Awards shall be considered as Long-term Incentive Awards for purposes of this Agreement.
Sample 1
Special Incentive Award. A non-icentive option issued pursuant to the Company's 2005 Stock Option Plan to purchase 100,000 shares with an exercise price of $1.00 with a five year expiration date. The issue date will be the same date as the auditors report date for the financial statements ending June 30, 2006.
Sample 1
Special Incentive Award. Contingent upon approval by the Compensation Committee of the Best Buy Board of Directors, Best Buy will grant to Employee a Special Incentive Award as described in Schedule 5.3 hereto, to be evidenced by an Award Agreement substantially in the form attached as Exhibit B hereto. If such approval is not obtained by February 28, 2009, Employee may terminate this Agreement, with immediate effect, for “Good Reason.”
Sample 1
Special Incentive Award. The following is a summary of the material terms of the Special Incentive Award. The Special Incentive Award will be subject to and governed by the terms and conditions of the 2004 Omnibus Stock and Incentive Plan, as amended (“Omnibus Plan”) and the Award Agreement issued pursuant to the Omnibus Plan (substantially in the form attached as Exhibit B). This Schedule 5.3 is qualified in its entirety by such Omnibus Plan and Award Agreement.
Sample 1
Special Incentive Award. You will be eligible to receive a one-time Special Incentive Award (“Incentive Award”) pursuant the 2004 Omnibus Stock and Incentive Plan, as amended, in the award target amount described below. The Incentive Award will be granted in two components, as follows: · Time-Based Restricted Stock (35% of award) · Performance Award (65% of award) Award Target Amount Plan Participant Award Target Value Component I: Restricted Stock* Component II: Performance Award Target Value** Wx Xxxxxxxxxxx Xxxxx $ 4,500,000 $ 1,575,000 $ 2,925,000 * You will be issued a number of whole shares of BBY common stock having such value, based on the closing BBY share price on the Grant Date of the Award. ** You may earn from 0% - 200% of the Performance Award Target Value depending on satisfaction of performance goals.
Sample 1
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Special Incentive Award. A restricted stock grant of 250,000 shares upon execution of this agreement. 100% vesting shall occur on the same date as the auditors report date for the financial statements ending June 30, 2008 and contingent upon the following conditions:
Sample 1

Related to Special Incentive Award

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Equity Incentive Awards Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board. In the event of a Change of Control (as defined in the Redwood Trust, Inc. Executive Deferred Compensation Plan) in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Special Bonus In addition to the Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company or its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the "Special Bonus") in recognition of the Executive's services during the crucial one-year transition period following the Change of Control in cash equal to the sum of (A) the Executive's Annual Base Salary and (B) the Highest Annual Bonus. The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • 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.

  • 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”).

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