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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 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.

Examples of Executive Compensation Plan in a sentence

• It is calculated by multiplying the Target Payout by an agreed upon percentage as indicated in the Executive Compensation Plan Summary.

• Target Payout is calculated by multiplying Base Pay by an agreed upon percentage as indicated in the Executive Compensation Plan Summary.

• The Participant shall pay upon demand by the Company or the Participating Employer any taxes required to be withheld or collected by the Company or the Participating Employer upon the exercise by the Participant of a nonqualified stock option granted under the Company's 1984 Long-Term Executive Compensation Plan or its 1993 Long-Term Executive Compensation Plan.

• The Executive shall be entitled to participate in the Bank’s Executive Compensation Plan (“Bonus Plan”) which will be developed by the Bank’s Board of Directors.

• All awards pursuant to the Executive Compensation Plan shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or any similar plan, and any award agreement with respect to such award.

• Employee will continue to be eligible to receive equity incentives pursuant to the Executive Compensation Plan.

• Notwithstanding the claims procedures governing the applicable Executive Compensation Plan, any such dispute under this Trust Agreement shall be settled exclusively by arbitration in Grand Rapids, Michigan, in accordance with the rules of the American Arbitration Association then in effect.

• In no event shall a payment from the Trust to or with respect to an Executive under an Executive Compensation Plan exceed the amount allocated to the applicable Sub-Trust at the time of the payment.

• Notwithstanding anything else in this Trust Agreement, the Trust, including any assets of the Trust, may not be located or transferred outside the United States unless substantially all of the services to which the payments under the applicable Executive Compensation Plan relate are performed in such jurisdiction.

• Additional sub-trusts will be created as necessary as additional Executives acquire rights under an Executive Compensation Plan and as new Executive Compensation Plans are created.

More Definitions of Executive Compensation Plan

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.

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.