Variable Compensation Plan Clause Samples
Variable Compensation Plan. “Variable Compensation Plan” means the Variable Compensation Plan of the Company, authorized under the Incentive Compensation Plan and which provides for awards in the form of annual cash bonuses, and any successor plan.
Variable Compensation Plan. Notwithstanding anything to the contrary in the Offer Letter or otherwise, subject to and conditioned upon Executive’s: (i) continued employment in good standing through the end of the Transition Period, (ii) timely execution following the Separation Date of a general release of claims substantially consistent with the provisions of Section 6 below (the “Release”) that becomes effective and irrevocable within thirty (30) (or to the extent required by law, sixty (60)) days following the Separation Date, and (iii) continued compliance with the terms and conditions of Sections 8 and 9 hereof, Executive shall remain eligible to earn a bonus under the Company’s Variable Compensation Plan (“VCP”), determined by reference to Executive’s Pre-Transition Period base salary and target bonus and attainment of applicable performance goals, pro-rated based on the portion of calendar year 2026 elapsed through the Transition Date (the “Pro-Rata VCP Bonus”). The Pro-Rata VCP Bonus shall be paid as and when bonuses under the VCP are paid to the Company’s executives generally (but for clarity, in no event no event later than May 15, 2027).
Variable Compensation Plan. Effective January 1, 2010 bargaining unit employees will be included in Tier 5 of the Variable Compensation Plan as approved annually by the Board of Directors.
Variable Compensation Plan. Your bonus for 2018 and thereafter will be paid and determined in accordance with Worldpay's Variable Compensation Plan, which is an annual incentive plan that is paid based on Worldpay's achievement of established financial goals and your achievement of individual goals. Your target bonus opportunity will be 80% of your base annual salary. The actual payout, if any, may be less than or greater than your target depending on the level at which Worldpay achieves its annual goals and the achievement of your individual performance objectives. The terms of Worldpay's Variable Compensation Plan shall replace the bonus provisions in your Employment Agreement.
Variable Compensation Plan. Employees will be included in Tier 5 of the Variable Compensation Plan as approved annually by the Board of Directors.