Compensation Committee definition
Examples of Compensation Committee in a sentence
You shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time.
The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of your annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time (the “Bonus”).
Your base salary shall be subject to periodic review and increase (but not decrease, except for an across-the-board reduction of no greater than 10% based on the Company’s financial performance similarly affecting all or substantially all senior management employees of the Company) by the Board or the Compensation Committee of the Board (the “Compensation Committee”).
Objectives will be determined annually by the Compensation Committee in consultation with the Executive and will include both Company performance and the Executive’s personal performance.
This modified rate of pay shall remain in effect until such time as the Company is in a position to pay market rates which will be determined by the Compensation Committee at that time.