Executive Compensation Plan definition
Executive Compensation Plan means any stock option plan, restricted stock plan or retirement plan which the Issuer or any other Obligor customarily provides to its employees, consultants and directors.
Executive Compensation Plan means the executive compensation plan consisting of nonqualified stock options, restricted stock and cash incentive awards adopted by Capital Southwest on August 28, 2014.
Executive Compensation Plan means any (i) employment or consulting agreement, arrangement or other understanding that is currently in effect to which the Corporation is a party, by which the Corporation is bound or pursuant to which the Corporation is an obligor or a beneficiary, (ii) agreement, arrangement or other understanding that could result in any severance payment or severance benefit payable by the Corporation whether as a result of the Corporation's execution of, and performance of the transactions contemplated by this Agreement or otherwise, to any employee, former employee, director, or officer of the Corporation or (iii) any agreement, arrangement or other understanding that could reasonably be expected to result in a "parachute payment" as defined in section 280G of the Code, whether as a result of the Corporation's execution of, and performance of the transactions contemplated by this Agreement or otherwise. "Executive Compensation Plan" specifically excludes any "Employee Benefit Plan" as defined in Section 5.22(a) above.
Examples of Executive Compensation Plan in a sentence
For the avoidance of doubt, the Severance Benefits are being provided in lieu of any rights to receive any bonus payment (such as a pro-rata bonus payment) under the Executive Compensation Plan following any termination of employment where Severance Benefits are payable, and the Executive agrees that he or she shall have no rights to receive any such bonus payments that may be payable under the generally applicable terms of the Executive Compensation Plan.
More Definitions of Executive Compensation Plan
Executive Compensation Plan means a scheme, defined by the Board of Directors of the Company from time to time, granting certain employees the right to purchase share options in the Company.
Executive Compensation Plan means and refer to the annual executive compensation plan established by the Compensation Committee of the Board to incentivize and reward the performance of the Company’s management for the compensation year in which the Severance Date occurs, and will typically include target performance objectives set at “Threshold,” “Target” and “High” levels. In the event that this Agreement calls for a calculation of a Severance Benefit based upon the Executive Compensation Plan for the year in which the Severance Date occurs and no such plan has yet been finalized and approved for such year (or if the Executive was not selected as a participant for such year), then notwithstanding anything herein to the contrary such calculation shall be made based upon the last approved Executive Compensation Plan, as if it had been the approved Executive Compensation Plan for the year in which the Severance Date occurs.
Executive Compensation Plan specifically excludes any "Employee Benefit Plan" as defined in Section 5.22(a) above.
Executive Compensation Plan means any stock option plan, restricted stock plan or retirement plan which the Parent, any other Obligor or, as the case may be, Caliza, customarily provides to its employees, consultants and directors.
Executive Compensation Plan shall have the meaning set forth in Section 5.22(b) hereof.