AIP Bonus definition

AIP Bonus means any cash award in respect of a Plan Year under the Company’s Annual Incentive Plan (known as the “AIP”).

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AIP Bonus means the annual cash incentive bonus a Participant is entitled to earn pursuant to the applicable Company bonus plan or program as established and amended by the Compensation Committee from time to time.

AIP Bonus means the amount of the annual bonus for a given Performance Year payable to a Participant, as determined by the Administrator in accordance with the AIP Bonus Formula and in accordance with the terms and conditions of the AIP and the Bonus Formula Methodology approved by the Administrator for the applicable Performance Year. An AIP Bonus is not payable to a Participant until it is earned and vested in accordance with the terms of the AIP.

Examples of AIP Bonus in a sentence

Company reserves the right to amend, modify or cancel the AIP; provided that if Company does modify the financial goals of the AIP for any Fiscal Year which were set by Company at the commencement of such Fiscal Year, such modification will not affect the calculation of Employee’s AIP Bonus for such Fiscal Year, if any (in other words Employee’s AIP bonus, if any, shall be calculated pursuant to the financial goals set at the commencement of the applicable Fiscal Year).
The AIP Bonus shall be subject to approval by the NCC Board prior to payment thereof and shall be paid by March 15th of the year immediately following the year to which such bonus relates.
Notwithstanding anything to the contrary in this Agreement, the Bank shall be obligated to provide the Final Year Pro Rata AIP Bonus, the Continuation Payments and the CIC Severance Payment only if within forty-five (45) days after the date of termination, Executive shall have executed a general release of claims and covenant not to ▇▇▇, in a form satisfactory to Executive and the Bank, and such release agreement shall not have been revoked within any revocation period specified in the release agreement.
The target amount of the AIP Bonus for each fiscal year shall be determined by the Compensation Committee before March 15th of the year to which such bonus relates (the “Target AIP Amount”); provided, however, that the Target AIP Amount shall not be less than 50% of Executive’s Base Salary for that fiscal year.
The target amount of the AIP Bonus for each fiscal year shall be determined by the Compensation Committee before March 15th of the year to which such bonus relates (the “Target AIP Amount”); provided, however, that the Target AIP Amount shall not be less than 30% of Executive’s Base Salary for that fiscal year.
The 2016 AIP Bonus shall be paid, subject to standard federal and state payroll withholding requirements, upon the Company’s next regularly scheduled payroll date following the Closing (as defined in the Purchase Agreement) (but, for Section 409A exemption purposes, no later than March 15, 2017).
In the event of the Employee’s termination of employment hereunder by reason of (i) a termination by the Employer without Cause or (ii) resignation by the Employee with Good Reason, the Employer shall pay or provide to the Employee the payments and benefits set forth in Section 6(a) and, to the extent not already paid, payment of the 2024 AIP Bonus and the 2025 AIP Bonus.
Should Executive resign without Good Reason or be terminated by the Company for Cause (as defined in Sections 5.3 and 5.4) prior to the expiration of the Stay Period, Executive will be obligated to immediately repay to the Company the net amount (after taxes) of any AIP Bonus Payment paid to him in the current fiscal year pursuant to this Agreement.
Further, if your employment with the Company or the Purchaser is terminated without Cause before the 2021 AIP Payment Date, you will receive your 2021 AIP Bonus on the 2021 AIP Payment Date.
To be eligible to receive the 2021 AIP Bonus and the 2022 Catalysts AIP Bonus, as applicable, you agree to devote your full time, effort and attention to your duties to the Company and to the Company’s efforts to consummate the Transaction.

More Definitions of AIP Bonus

AIP Bonus means any payments received by an Eligible Employee during the first Quarter of a Plan Year (or as soon as practicable thereafter) for services performed in the prior Plan Year pursuant to a bonus that is classified as an “Annual Incentive Bonus” under a bonus, incentive or long-term compensation plan of the Corporation or an Affiliated Company.

AIP Bonus means a Participant’s managerial incentive bonus approved for payment under the Annual Incentive Program of Chevron Phillips Chemical Company LLC.

Related to AIP Bonus

Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.
Annual Bonus shall have the meaning set forth in Section 4(b) hereof.
Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.
Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.
Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.