Annual Incentive Compensation Program definition
Examples of Annual Incentive Compensation Program in a sentence
Executive shall be entitled to participate in the Annual Incentive Compensation Program ("AICP") pursuant to the terms and conditions of such program as it may exist from time to time.
Employee’s bonus shall be determined by the compensation committee of the Board (the “Compensation Committee”) in its sole discretion in accordance with the terms of Employer’s Annual Incentive Compensation Program.
Notwithstanding the foregoing, Employee shall receive, no later than March 31st of each calendar year, his Annual Incentive Compensation Program outlining his potential bonus calculations and performance criteria to achieve such discretionary bonus for such calendar year.
Any payments made pursuant to the Annual Incentive Compensation Program shall be made on or before March 15th of the year following the release of earnings for the year in which the services giving rise to such bonus award were performed.
Any payments made pursuant to the Annual Incentive Compensation Program shall be made on or before March 15th of the year following the year in which the services giving rise to such bonus award were performed, after the release of earnings for the performance period in which the services giving rise to such bonus award were performed.
Employee’s bonus shall be determined by the compensation committee of the Board (the “Compensation Committee”) in their sole discretion in accordance with the terms of Employer’s Annual Incentive Compensation Program.
The PSUs will be earned (such PSUs, the “Earned PSUs”) based on the achievement of the performance goals that apply to the Company’s 2024 Annual Incentive Compensation Program (the “2024 AIP”) and the number of Earned PSUs (if any) shall be determined based upon the pre-established bonus formula determined by the Compensation Committee (the “Committee”) of the Board with respect to the 2024 AIP.
In the event the Company terminates the Annual Incentive Compensation Program (the “AICP”), which consists of annual discretionary cash bonuses under the Company’s Incentive Compensation Plan and annual discretionary restricted stock awards under the Company’s Equity Incentive Compensation Plan, as provided for in Exhibit A hereto, the Company shall establish a new plan or such other arrangement which shall provide Employee with substantially similar economic benefits to those provided under the AICP.
In the event the Company terminates the Annual Incentive Compensation Program (the “AICP”), which consists of annual discretionary cash bonuses under the Company’s Incentive Compensation Plan and annual discretionary restricted stock awards under the Company’s Equity Incentive Compensation Plan, as provided for in Exhibit A hereto, the Company shall establish a new plan or such other arrangement which shall provide Employee with substantially similar economic benefits to those provided under the.
Employee’s bonus for the second twelve (12) months of the Term shall be at least $510,000 (of which $350,000 shall be payable following the end of Employer’s 2006 fiscal year and the remainder of which will be payable following Employer’s 2007 fiscal year) in accordance with Employer’s Annual Incentive Compensation Program.