EOIP definition

EOIP means the ABM Executive Officer Incentive Plan adopted by the Board on January 10, 2006, as such plan may be amended from time to time, or any successor plan.
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EOIP means the Company’s Employee Ownership and Incentive Plan.
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Examples of EOIP in a sentence

  • Except as provided in Schedule A, this Award Agreement shall be subject to the terms of the Plan and the EOIP, and this Award Agreement is subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan and the EOIP.

  • It is understood that the Committee and the Company will award bonus amounts, if any, as it deems appropriate consistent with the EOIP.

  • If the Performance Goal for the Performance Period is achieved, the Committee also shall determine the number of Earned PSAs pursuant to Appendix A; provided that in no event may the number of Earned PSAs exceed the maximum amount specified in Section 1(a) or in Section 4.1 of the EOIP.

  • Executive Officer Incentive Plan (“EOIP”) in accordance with the terms of the EOIP, which provides Executive with a target opportunity to earn each plan year up to 50% of Executive’s Base Salary as additional compensation according to the terms of the EOIP.

  • The Company has in place a 2010 Executive Officer Incentive Plan (the “EOIP”) with 100% of the available Incentive Pool Participation Percentage(s) (as that term is defined in the EOIP) currently allocated to the Company’s Chief Executive Officer, Chief Financial Officer and the Executive Vice President, Marketing & Sales.

  • Employee acknowledges and agrees that the Company is under no obligation to adopt an EOIP or any other incentive plan for any such subsequent period, and may withdraw or change the EOIP in any respect, including the Employee’s Incentive Pool Participation Percentage therein, or to otherwise substitute a different incentive plan in lieu of the EOIP.

  • As such, for the remainder of 2010, the Company shall not modify the EOIP to include Employee’s participation in the EOIP.

  • Executive Officer Incentive Plan (“EOIP”) in accordance with the terms of the EOIP, which provides Executive with a target bonus for each plan year equal to 80% of Executive’s Base Salary as additional compensation according to the terms of the EOIP.

  • The portion of the Net Proceeds allocated to each EOIP Holder and paid to CMG, for the benefit of the EOIP Holders, by Sellers’ Representative shall be paid to the account of such EOIP Holder, at least two (2) Business Days, but not more than seven (7) Business Days after CMG’s receipt of the EOIP Payment, by means of a wire transfer of immediately available funds, subject to Section 2.2(g).

  • The Performance Goal for the Award established pursuant to the EOIP is that the Company have positive operating income for the Performance Period, as reported in the Company’s financial statements (“Operating Income”).