Employee Bonus Plan definition

Employee Bonus Plan means that certain 2016 Change of Control Incentive Plan of the Company, effective as of immediately prior to the Closing, a copy of which is attached hereto as Exhibit A.
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Employee Bonus Plan means the Company’s 2012 Employee Bonus Plan.
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Employee Bonus Plan means a plan established by the Company (and approved by Purchaser), for the payment of up to the Employee Bonus Amount as bonuses to certain employees of the Company, upon the terms set forth therein.
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Examples of Employee Bonus Plan in a sentence

  • Under the Employee Bonus Plan, the Board may, in its discretion, set, in advance, an annual target bonus for the Employee, which is currently set as a percentage of Base Salary.

  • Employee will be entitled to participate in the Company’s Annual Corporate Management/Key Employee Bonus Plan, to the extent applicable to Employee’s position.

  • KEY EMPLOYEE BONUS PLAN o The Board of Directors will determine the employees that will participate in the Key Employee Bonus Plan and will designate the Level of Participation.

  • The purposes of this Key Employee Bonus Plan ("Plan") of Globalstar, Inc.

  • The Employee Bonus Plan consists of three components which are applied during the Bonus period of January 1 to December 31 of each year: Component 1: Company The Company component represents up to twenty five percent (25%) of the Bonus in each year and is part of the Vale S.A. Annual Incentive Plan (AIP) in effect from time to time, which is based upon the Corporate Performance Factor.

  • During the Employment Term, the Employee will be entitled to receive incentive compensation in such amounts and at such times as the Board may determine in its sole discretion to award to him under any incentive compensation or other bonus plan or arrangement as may be established by the Board from time to time (collectively, the "Employee Bonus Plan").

  • Not to confirm the mandates would be unprecedented and would convey a negative psychological message to the groups.

  • The Employee Bonus Plan consists of three components which are applied during the Bonus period of January 1 to December 31 of each year: Component 1: Company The Company component represents up to 125 points of the Bonus calculation in each year and is part of the Vale S.A. Annual Incentive Plan (AIP) in effect from time to time, which is based upon the Corporate Performance Factor.

  • The Employer argues for a change in the bonus structure and the insertion of the following Letter of Understanding, worded to describe its proposal for a new Bonus Plan: Letter of Understanding – Employee Bonus Plan This will confirm our agreement with respect to the payment of the new Employee Bonus Plan (Bonus) to employees as set out below.

  • The Commission recommends the inclusion of the following Bonus Plan: Letter of Understanding – Employee Bonus Plan This will confirm our agreement with respect to the payment of the new Employee Bonus Plan (Bonus) to employees as set out below.


More Definitions of Employee Bonus Plan

Employee Bonus Plan has the meaning set forth in Section 7.4.
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Employee Bonus Plan means: all bonus plans or arrangements maintained by the Employer or any of its subsidiaries (other than the Employer's 2012 Stock Incentive Plan) in which the Employee is eligible to participate for the year in which the Employee incurs a Termination of employment.
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Employee Bonus Plan means the Employee Retention Plan adopted by Seller on October 27, 2004, as amended on June 26, 2007.
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Employee Bonus Plan means the Employee Bonus Plan for employees of VRL, the Trust and certain corporations, trusts or other entities owned or controlled by VRL or the Trust;
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Employee Bonus Plan means the CareFusion Corporation Employee Bonus Plan, as may be amended or restated from time to time.
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Employee Bonus Plan means the Easy Gardener FY06 Bonus Plan.
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Related to Employee Bonus Plan

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Bonus means the bonus described in the Section 2.3.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • AIP means the Nucor Corporation Senior Officers Annual Incentive Plan and any successor plan.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.