Special Incentive Plan Sample Clauses

Special Incentive Plan. On or prior to the closing of the first tranche of the Initial Closing, the Company’s Special Incentive Plan, dated as of April 30, 2010, shall be amended so that it shall remain in full force and effect after the closing of the first tranche of the Initial Closing.
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Special Incentive Plan. Federated shall have executed and delivered the Special Incentive Plan, to be effective as of the Closing.
Sample 1
Special Incentive Plan. In the event there is a change in the participants under the Special Incentive Plan prior to the Closing, Federated and the Adviser agree that appropriate amendments, as may be mutually agreed to by Xxxx and Federated, shall be made to the Contingent Payments and to the Special Incentive Plan to be delivered by Federated prior to Closing pursuant to Section 7.5.4 of this Agreement.
Sample 1
Special Incentive Plan. The Company agrees to work with Executive on development of a Special Incentive Payment tied to economic measures which can result in a one-time payment of $1.5million, and which is non-repeating in nature. The terms and conditions of payment to be mutually determined by the Executive and President and COO with approval from the Executive Chairman and CEO and the Board of Directors.
Sample 1
Special Incentive Plan. Buyer shall have executed and delivered the Special Incentive Plan, and such plan shall be in full force and effect.
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Special Incentive Plan. Executive will participate in a special EBITDA improvement plan. The award opportunity will range from $0 to $250,000 with payment depending upon Executive's achieving certain financial and non-financial improvement objectives mutually agreed between Executive and Employer and approved by the Compensation and Benefits Committee of the Employer's Board of Directors during the first 90 days after Executive's initial Employment Date. Specific Corporate performance improvement criteria may include, but not be limited to: EBITDA achievement, cost reduction, cash generation, business process simplification, SAP implementation, and people and organizational development. The Performance period will be the 1998 and 1999 business years. One half of the Special Incentive Plan will be based upon EBITDA achievement and will be paid during the first quarters of the years 1999 and 2000. The second half of the Special Incentive Plan for non-financial objectives shall be determined, calculated and awarded upon completion and review with the Compensation and Benefits Committee. If there is a change of control prior to the dates on which the Special Incentive Plan award could be earned, and if executive is on the payroll immediately preceding the change of control, then the Special Incentive Plan award shall be paid by employer and such payment shall be guaranteed by Holding. The amount to be paid shall assume all targets were achieved.
Sample 1
Special Incentive Plan. The Company agrees to provide Brissenden with a special incentive pay plan for the remainder of 2000 xx xxxer to reduce the negative impact of the personal loan created at the time of the IPO and to ensure a smooth transition of his management responsibilities. This plan will have a minimum payout of $60,000 and maximum payout of $200,000. The objectives and payouts shall be as described in Exhibit A to this Agreement. In addition, the objectives and payouts of Brissenden's Incentive Plan for 2003 shall be as described in Exhibxx X xx xxxx Agreement.
Sample 1
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Related to Special Incentive Plan

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Equity Incentive Plan The Option is a Nonqualified Option and subject to each and every provision of the Equity Incentive Plan which are incorporated by reference herein, as well as the terms and provisions set forth in this Stock Option Agreement and Notice of Grant (this “Stock Option Agreement”). The Equity Incentive Plan shall govern and be conclusive as to all matters not expressly provided for in this Stock Option Agreement. In the event of any conflict between the terms of this Stock Option Agreement and the Equity Incentive Plan, the terms of this Stock Option Agreement shall govern. All capitalized terms contained herein which are not otherwise defined herein shall have the meanings ascribed to them in the Equity Incentive Plan. By accepting the Option you agree to be bound by the provisions of the Equity Incentive Plan and this Stock Option Agreement. A copy of the Equity Incentive Plan has been previously provided to you.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • 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.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

  • Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • 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 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.

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