AIAP definition
Examples of AIAP in a sentence
The Compensation Committee also may amend a yearly AIAP payout percent for purposes of recoupment of Shares under this Agreement without directing recoupment of related AIAP payouts.
The Committee also may amend a yearly AIAP payout percent for purposes of recoupment of Shares under this Agreement without directing recoupment of related AIAP payouts.
Except as stated in the foregoing sentence, all provisions of the relevant AIAP and/or LTIP shall be applicable to the Executive.
One year's "Full Pay" is the sum of (x) plus (y), where (x) is the Executive's highest annual rate of base salary in effect during the twelve (12) month period prior to the Executive's Involuntary Termination and (y) is the annual target amount of the Executive's annual bonus under the relevant AIAP and/or LTIP for the calendar year in which the Executive's employment terminated (or, if greater, the amount of such actual award for the next preceding calendar year of full-time employment).
Upon the termination of the Employment pursuant to this Section 3(b), the Employee shall be entitled to (x) any earned but unpaid Base Salary and (y) any earned but unpaid Bonus to which the Employee is entitled pursuant to the AIAP as of the Termination Date, and the Employee shall not be entitled to any further compensation or payments hereunder.
While a full-time employee of the Company, Executive shall be entitled to participate in the Company's Annual Incentive Award Plan ("AIAP") pursuant to the terms of which Executive shall be eligible to receive an annual bonus (the "Bonus") targeted at 50% of Executive's Base Salary, as adjusted from time to time in accordance with the AIAP or applicable successor plan.
In the event of the termination of the Employment pursuant to this Section 3(a), the Employer shall pay to the Employee's estate as soon as practicable thereafter (i) any earned but unpaid Base Salary and (ii) any earned but unpaid Bonus to which the Employee is entitled pursuant to the AIAP as of the Termination Date (as defined below), and the Employee shall not be entitled to any further compensation or payments hereunder.
Payment of Discount RSUs acquired pursuant to Section 3(b) will be made on the same terms and conditions as apply to participants in the AIAP generally.
Upon a Change of Control, subject to ---------------------- your execution of a release of claims against Holdings and the Company in the relevant form set forth on Exhibit A, the Company shall pay to you a special cash bonus payment equal to the sum of your AIAP Vested Amount, your PS Vested Amount and your PU Vested Amount (all as of the date of the Change of Control and all as defined in Exhibit B).
At the end of the Performance Period, if the Threshold Requirement is met or otherwise waived by the Company's Board of Directors, the value of each Performance Unit shall be determined by multiplying the Initial Grant Value by the average of the total weighted Annual Incentive Award Plan ("AIAP") scores for the financial and market share components of the AIAP for each of 2001, 2002 and 2003 (the "Payment Value").