Target Incentive Pay Sample Clauses

Target Incentive Pay. The target Incentive Pay ("Target -------------------- Incentive Pay") for Employee for the fiscal year of the Company ending in 2001 shall be as follows: Two Hundred Fifty-five Thousand and No/100 Dollars (U.S. $255,000.00); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board of Directors pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 2001, the Target Incentive Pay for Employee will be set by the Chief Executive Officer or the Board of Directors of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year.
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Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2009 fiscal year of the Company shall be as follows: One Hundred Sixty Five Thousand Dollars ($165,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 2009, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Sample 1See All (4)
Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2011 fiscal year of the Company shall be as follows: Sixty Percent (60%) of Employee’s Base Salary, or Two Hundred and Four Thousand Dollars ($204,000); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. For the 2011 fiscal year, Employee’s Target Incentive Pay shall be paid and prorated for the amount of time remaining in the Company’s 2011 fiscal year by dividing the actual number of days of Employee’s employment with the Company hereunder during fiscal 2011 by the total number of days in the Company’s fiscal 2011. After 2011, the Target Incentive Pay for Employee will be set by the Board for each fiscal year and will be included in the Annual Incentive Plan for such year.
Sample 1
Target Incentive Pay. The target Incentive Pay (the “Target Incentive Pay”) for Employee will be set by the Chief Executive Officer or the Board of Directors of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year.
Sample 1
Target Incentive Pay. The target Incentive Pay (“Target Incentive Pay”) for Employee for the 2014 fiscal year of the Company shall be Two Hundred Twenty Two Thousand Dollars (U.S. $222,000), payable on a pro rata basis in accordance with the terms of the Annual Incentive Plan. After 2014, the Target Incentive Pay for Employee will be set by the Compensation Committee for each fiscal year and will be included in the Annual Incentive Plan for such year. Employee’s Initials: _________________
Sample 1
Target Incentive Pay. The target Incentive Pay ("Target Incentive Pay") for Employee for the fiscal year of the Company ending in 2001 shall be not less than sixty-five percent (65%) of the annual Base Salary set forth above; for the fiscal year of the Company ending in 2002 shall not be less than seventy-five percent (75%) of the annual Base Salary set forth above; and for the fiscal year of the Company ending in 2003 shall not be less than eighty-five percent (85%) of the annual Base Salary set forth above; provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board of Directors pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. After 2001, the Target Incentive Pay for Employee as set forth herein will be set by the Chief Executive Officer or the Board of Directors of the Company for each fiscal year and will be included in the Annual Incentive Plan for such year.
Sample 1
Target Incentive Pay. The target Incentive Pay ("Target Incentive Pay") for Employee for the fiscal year of the Company ending in 2005 shall be as follows: Five Hundred Thousand and No/100 Dollars (U.S. $500,000.00); provided, however, that such increase in Target Incentive Pay for the fiscal year of the Company ending in 2005 shall be pro-rated for the period beginning on September 1, 2005 and ending on December 30, 2005; provided, further, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board of Directors pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly.
Sample 1
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Target Incentive Pay. The target Incentive Pay ("Target Incentive Pay") for Employee for the fiscal year of the Company ending in 2004 shall be as follows: Four Hundred and Fifty Thousand and No/100 Dollars (U.S. $450,000.00); provided, however, that the Target Incentive Pay with respect to any fiscal year is subject to, and may be modified by, the Annual Incentive Plan approved by the Board of Directors pursuant to Section 4.01 above and this Section 4.02 shall be read accordingly. Notwithstanding anything herein to the contrary, Employee shall be entitled to Incentive Pay in the minimum amount of One Hundred Thousand Dollars (U.S. $100,000.00) for the fiscal year of the Company ending in 2004, provided that Employee is in the full time employ of the Company as of the last day of such fiscal year. For each fiscal year of the Company during the Term after the fiscal year ending in 2004, the Target Incentive Pay for Employee will be set by the Chief Executive Officer or the Board of Directors of the Company and will be included in the Annual Incentive Plan for such year.
Sample 1

Related to Target Incentive Pay

  • Incentive Pay (1) For any calendar year in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then:

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • 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.

  • 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.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • 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”).

  • 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.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • 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.

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