Annual Cash Incentive definition

Annual Cash Incentive means only the cash incentive compensation actually paid to the Executive during such period and the cash incentive compensation actually earned but not yet received by the Executive pursuant to Section 3(b) of this Agreement for any performance period completed prior to the Executive’s Termination of Employment. “Annual cash incentive” shall not include any other form of compensation or benefit paid or provided to the Executive or any annual cash incentive with respect to an uncompleted performance period. Such post-termination payment shall be paid to the Executive in a lump sum within 30 days following the date on which the Executive signs and does not revoke the Release of Claims; provided that if the Executive’s Termination of Employment occurs on or after December 31 of any year and the “annual cash incentive” earned for the preceding calendar year has not been calculated, and the portion of the post-termination payment related to base salary has become payable, the portion related to base salary shall be paid at such time and the remaining portion of the post-termination payment related to the “annual cash incentive” shall be paid on the date the Executive would otherwise have received such payment if his employment had not been terminated; provided, further however, that in all events such amount shall be paid, if then payable, before March 15 of the calendar year following the calendar year in which occurs the Executive’s Termination of Employment.

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Annual Cash Incentive. You will continue to be eligible to participate in the Annual Cash Incentive award provisions of Republic’s Executive Incentive Plan (“EIP”), or any successor or similar plan maintained by Republic for the benefit of executive officers, subject to the terms and conditions of such plans and at the discretion of and subject to approval by the MD&C Committee. Your award target for the 2021 Annual Cash Incentive has been set by the MD&C Committee to be 135% of your post-Effective Date Base Salary. The calculation of your 2021 Annual Cash Incentive will be prorated so that your annual target in effect before the Effective Date will be applied to your base salary before the Effective Date, and your annual target determined as of the Effective Date will be applied to your Base Salary (as set forth above) on and after the Effective Date.

Annual Cash Incentive. The Company shall pay the Executive an annual cash incentive bonus for the 2024 fiscal year, if any, subject to the determination and certification by the Committee and the Board of attainment of the performance goals applicable for such year, such bonus to be paid at the same time as such bonuses are paid to other senior executives of the Company, but in no event later than March 15, 2025, and reduced by all applicable withholdings and deductions. The target amount of the bonus shall be 200% of the Executive’s annual base salary earned from January 1, 2024 through the Transition Date, plus 150% of the amount of the Advisory Period Base Salary paid to the Executive pursuant to Section 5(d)(i) hereof through the Advisory Period Termination Date.

Examples of Annual Cash Incentive in a sentence

Notwithstanding the preceding, Executive’s Annual Cash Incentive, if any, may be below (including zero), at, or above the target based upon the achievement of the performance objectives.
The Company, through the Compensation Committee of the Board of Directors, retains the right to adjust your Annual Cash Incentive plan at any time as business circumstances or other factors reasonably dictate.
Any cash incentive compensation (“Annual Cash Incentive”) payable to Executive for a calendar year shall be paid to Executive at the same time that other senior executives of the Company receive bonus payments, but in no event later than March 15 of the calendar year following the end of the calendar year to which such Annual Cash Incentive relates.
Notwithstanding any of the provisions of this Agreement, the Annual Cash Incentive, to the extent payable for any fiscal year of the Company, will be paid no later than the 15th day of the third month following the end of the fiscal year of the Company to which the Annual Cash Incentive relates.
For purposes of this Agreement, a Partial Year Bonus is payable to the Executive for the year of the Executive’s employment termination in the event the Company performance criteria for payment of an Annual Cash Incentive are achieved as of the close of the year at the level required for a payout at the target level or above.
Beginning for 2025, the Board, in good faith consultation with Executive, will set annually the performance metrics for business objectives and/or individual goals for the Annual Cash Incentive, as well as target payment thresholds and maximum payouts.
The Company and Executive both acknowledge that Executive’s Annual Cash Incentive for the period prior to Closing (January 1, 2024 to the Effective Date) was paid to Executive based on Cedar Fair’s standalone performance prior to Closing.
Executive shall not be paid any Annual Cash Incentive with respect to a calendar year unless Executive is employed with the Company on the last day of the calendar year to which such Annual Cash Incentive relates, except as otherwise set forth in Section 6 hereof and in compliance with Section 12.7.
Annual Cash Incentive Plan or any successor plan or program (the “Dynex Incentive Plan”).
Executive’s Annual Cash Incentive from the Effective Date to December 31, 2024 shall be a pro-rata portion (50%) of Executive’s Target Annual Cash Incentive (as defined in Section 4.3(a)(iii) below) based on a target to be determined by the Board, in good faith consultation with Executive.

More Definitions of Annual Cash Incentive

Annual Cash Incentive. ("bonus"), if any, to which Employee would entitled, prior to the change of position, for the fiscal year ended December 31, 2003. Employee shall not be eligible to receive a bonus for periods commencing after December 31, 2003;

Annual Cash Incentive. The executive shall be eligible to receive Any annual cash incentive bonus annual incentive cash bonuses based on Midland payable hereunder shall be paid and individual performance assessed for each to the executive not later than fiscal year relative to objectives agreed to in 15 business days following the advance between the executive and the Board. delivery of Midland's audited Executive's bonus target shall be 50% of his financial statements for the annual salary. fiscal year with respect to which such bonus is payable. BENEFITS Benefits as are made available to other executives of Midland, including participation in Midland's health/medical and insurance programs. A minimum of three weeks annually or VACATION commensurate with other executive officers. EXPENSES Reasonable and necessary out-of-pocket expenses incurred in the performance of duties shall be reimbursed by Midland in accordance with its policies. Annual dues for professional associations and fees for licenses necessary to perform the executive's duties shall be reimbursed or paid by Midland. STOCK OPTIONS Executive shall be granted options to acquire Subject to the terms and 50,000 shares of common stock, par value $0.01 conditions set forth in the per share, of MCM Capital Group, Inc. as stock option agreements, follows: (i) options to acquire 25,000 shares one-third of the stock options shall be granted effective upon the closing of shall vest on each of the MCMC's initial public offering with an exercise first, second and third price equal to the price to the public, and (ii) anniversaries of the respective options to acquire 25,000 shares shall be dates of grant. granted to executive no later than 30 days following the closing of the initial public offering with an exercise price equal to the fair market value. The grant of such options assumes the merger of MCMC with Midland Corporation of Kansas and the 4.94 to 1 common stock split in connection with MCMC's initial public offering. In the event MCMC does not consummate its initial public offering prior to October 31, 1999, then executive shall be granted options to acquire shares of Midland Corporation of Kansas in lieu of MCMC options (with appropriate adjustments to reflect that the 4.94 to 1 stock split did not occur) with an exercise price equal to fair market value (to be determined by the Board in good faith).

Annual Cash Incentive. The Executive shall be eligible to receive a discretionary cash bonus for the portion of the 2014 calendar year during which the Executive is employed by the Company, as determined by the Board. Beginning with the 2015 calendar year, the Executive shall be eligible to earn an annual performance-based cash bonus of up to 100% of base salary pursuant to a bonus plan and performance criteria established bythe Compensation Committee. Payment of any annual bonus shall be contingent on the Executive’s employment on the bonus payment date.

Annual Cash Incentive means a cash payment made pursuant to the Plan.