EAIP definition
Examples of EAIP in a sentence
The payout under the EAIP, or equivalent, for the fiscal year in which Executive’s death occurs, shall be annualized and paid at the normal time to Executive’s estate pro rata to the date of death.
Executive's EAIP opportunity at target for each year during the Term shall be equal to 55% of her Base Salary at the beginning for such year, and the maximum opportunity shall be equal to 110% of the Base Salary.
During the Term, Executive shall be eligible to participate in the Company's Executive Annual Incentive Plan (the "EAIP").
The payout under the EAIP, or equivalent, for the fiscal year in which Executive’s death occurs, shall be paid at the normal time to Executive’s estate pro rata to the date of death.
Because the EAIP is on a calendar year basis, Executive will be eligible for a pro-rated pay out for calendar year 2001 based on Executive's actual Employment Date.
Actual awards are 100% discretionary, and any EAIP award to you as a member of the Office of the Chief Executive is subject to determination and approval of the Personnel Committee.
Individual awards are 100% discretionary, and any payout under the EAIP, if earned, will be made in the first quarter of 2009 in accordance with the plan terms.
If Executives employment is terminated due to a Qualifying Termination, then Executive shall be entitled to (a) either the Service Bridge or Normal Post-Termination Compensation and Benefits and (b) receive Executive's Accrued Obligations, Supplemental Retirement Benefit (in accordance with Executive's election), EAIP Bonus Award, Four-Times Severance Payment, Maximum LTIP Award and Other BOP Awards.
The Company agrees to determine Executive’s EAIP Payment consistent with its normal determination practice pertaining to all executive officers.
The Company agrees to pay Executive a cash incentive bonus pursuant to the Company’s 2010 Executive Annual Incentive Plan based on a combination of criteria applied to that of other similar executive officers and the Company’s approved corporate financial performance formula that determines award funding levels based on varying combinations of the Company’s achievement of revenue and pre-tax income goals and resulting pre-tax net income amounts (“Executive’s EAIP Payment”).