EICP Bonus definition
Examples of EICP Bonus in a sentence
The Company shall pay the 2007 EICP Bonus on the first business day coincident with or following the 30th day after the Company’s audited 2007 financial statements are filed with the Securities and Exchange Commission (the date on which the 2007 EICP Bonus is paid being referred to as the “2007 EICP Payment Date”).
The Company will make your 2013 EICP Bonus payment to you in one lump sum in cash no later than March 15, 2014, provided that you continue to be employed by the Company or a Purchaser Entity through December 31, 2013.
The 2013 EICP will not be amended or modified following the Closing in a manner that is adverse to you, and it will be administered without the exercise of any negative discretion in respect of your 2013 EICP Bonus.
As used in this clause (iii) the Executive's Annual EICP Bonus Award means the dollar amount which would have been paid to Executive for the fiscal year in which the Notice of Termination is given under the Company's Executive Incentive Compensation Plan, based on the assumption that the Outstanding Level of performance would be reached by the Company and the Executive.