Annual Incentive Plan (AIP) definition

Annual Incentive Plan (AIP). $345,400.85 (200% of target AIP; target AIP for the SVP level is 60% of base salary). This amount would replace any potential payout for FY 2010, which would be made in the first quarter of 2011. LTIP: $402,967.66 (200% of target LTIP; target AIP for the SVP level is 70% of base salary). This payment will be in lieu of any potential payout for the LTIP cycle ending December 31, 2010, as well as any potential payouts under the LTIP cycles that end December 31, 2011 and December 31, 2012. COBRA: $35,525.52 (24 Months of COBRA continuation for health benefits paid in a lump sum; 24 months times 1,480.23/month).
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Examples of Annual Incentive Plan (AIP) in a sentence

  • The Business Manager is eligible to participate in the Annual Incentive Plan (AIP) of the Company in accordance with rules and conditions of such plan which is subject to change from time to time.

  • The Company will provide the Executive with a target bonus opportunity of forty-five percent (45%) of Annual Base Salary under the Company's Annual Incentive Plan ("AIP"), subject to the approval of the Company's Board of Directors or applicable committee thereof.

  • After the close of the merger, you will be eligible participate in IDT’s Annual Incentive Plan (AIP) pursuant to the terms of the Plan.

  • The Employer agrees to maintain under the same terms and conditions and at the same time as the rest of CIBC, an annual incentive award program called the Annual Incentive Plan (AIP).

  • Executive shall be eligible to participate in both the Annual Incentive Plan (AIP) and the Long-Term Incentive Plan or any other approved bonus plan.

  • Bonus Plan: After the close of the merger, you will be eligible participate in IDT’s Annual Incentive Plan (AIP) pursuant to the terms of the Plan.

  • During the Employment Period, Executive will be eligible to participate in the Company’s Annual Incentive Plan (AIP), as such plan may be amended from time to time; provided, however, that participation in the AIP is not a guarantee that a bonus award will be paid.

  • Executive shall receive a pro-rated share of the Executive's eligible Annual Incentive Plan (AIP) bonus applicable to the year in which the Separation Date occurs.

  • The Company and Union shall meet and review the goals and parameters of the Annual Incentive Plan (AIP).

  • It is agreed that Bargaining Unit members will be eligible to participate in the Employer’s Annual Incentive Plan (AIP) using the financial targets as described below.