Executive Incentive definition

Executive Incentive means EIP Cash and EIP Conditional Rights. “Eligible Employee” means a person who:
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Executive Incentive. Plan: Eligible to participate in the Executive Officer Annual Incentive Plan (EOAIP). For Fiscal 2018, which began April 2, 2017, the bonus will be prorated based on the Start Date. Bonus — Under the EOAIP, eligible for a bonus opportunity with a target of 300% of fiscal year salary earnings. — Total bonus opportunity will be based 100% on total Company performance. — Calculation can flex up or down by -10% to +10% based on achievement of expense management (strategic) goals. — The maximum bonus payable (including strategic goal adjustment) is capped at 450% of fiscal year salary earnings.
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Executive Incentive. Program: CEO shall be entitled to participate in an annual Savings Bank Executive Management-Incentive Compensation Program with a maximum CEO bonus rate of fifteen (15%) percent of total compensation (base salary). Two-thirds of this bonus (up to 10% of base salary) shall be based upon individual performance as determined by the Executive and Compensation Committee as determined in the Performance Review. One-third of this bonus (5% of base salary) shall be subject to the attainment of five specific annual performance goals (1% of base salary for each goal). The goals shall be the same as those governing similar incentives for other executive employees of the Savings Bank. In addition, if all five annual performance goals are achieved, CEO shall receive an added incentive based upon the final net income as of December 31. For every $50,000 increase in net income over budget, CEO shall receive an incentive bonus of three percent (3%) of base salary as of December 31. The Executive Incentive Program bonus, if granted by the Executive and Compensation Committee, shall be a lump sum payment to be made within thirty (30) days of the end of each year of this Agreement. The Executive Incentive Program payment shall not result in a permanent increase in the CEO's salary.
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Examples of Executive Incentive in a sentence

  • Pursuant to the Executive Incentive Plan, the Compensation Committee will determine the amount of such bonus, if any, and such amount, if any, will be paid within sixty (60) days of the termination of Executive’s employment.

  • Under the Employer’s Executive Incentive Compensation Plan, Executive shall be eligible to receive an annual bonus based on performance as defined by the Board of Directors.

  • During the term set forth in Section 2, above, Executive shall be eligible to participate in the Executive Incentive Plan, or in such successor plan as may be adopted for the provision of annual incentive compensation for senior executives (the "Annual Incentive Plan").

  • Any Restricted Stock or Performance Stock Awards under the Long Term Executive Incentive Program which are payable due to achievement of Performance Objectives through the year in which the payment under this Agreement becomes due will be paid and fully vested immediately upon the audited close of the fiscal year financials, but in no case later than March 15 of the year following when the payment becomes due under this Agreement.

  • Any payment for Incentive Compensation will be made in accordance with the Executive Incentive Compensation Plan, and payment will be made in one lump sum concurrently with payments made to others in senior management.

  • The Long Term Executive Incentive Program Awards that are not earned based on results at the close of the fiscal year in which the payment under this Agreement becomes due will not be payable.

  • If during the Employment Term the Executive’s employment terminates by reason of death as described in Section 6(c), the Company shall also pay the Executive’s estate any bonus as determined by the Compensation Committee in accordance with the Company’s Executive Incentive Plan.

  • This document sets forth the Pall Corporation Executive Incentive Bonus Plan as adopted effective July 17, 2001.

  • Notwithstanding the foregoing, this Section 3(b)(iii) shall not apply with respect to any amounts which may otherwise be payable to you under the Company's Senior Executive Incentive Plan or any other Bonus Plan of the Company that applies primarily to "covered employees" within the meaning of Section 162(m) of the Code.

  • During the term of Employee's employment hereunder, Employee shall be eligible to participate in the Company's annual Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the applicable provisions of the EIC Plan.


More Definitions of Executive Incentive

Executive Incentive. Plan: Eligible to participate in the Executive Officer Annual Incentive Plan (EOAIP) for fiscal 2016, which began March 29, 2015, and eligible to earn a bonus which will be prorated based on the Start Date. Bonus · Under the EOAIP, eligible for a bonus opportunity with a target of 300% of fiscal year salary earnings. · Total bonus opportunity will be based 100% on total Company performance. · Calculation can flex up or down by -10% to +10% based on achievement of expense management goals. · The maximum bonus payable (including strategic goal adjustment) is capped at 450% of fiscal year salary earnings. (At all times your bonus opportunity will be governed by the terms of the Company's EOAIP and nothing contained herein restricts the Company's rights to alter, amend or terminate the EOAIP at any time.)
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Executive Incentive. Plan of U.S. Trust Corporation Pursuant to resolutions adopted by the Board of Directors of U.S. Trust Corporation on December 10, 1996, the provisions set forth in the document annexed hereto are hereby adopted as the final language for the Executive Incentive Plan of U.S. Trust Corporation, as amended and restated effective January 1, 1997. Executed by the undersigned this 20th day of December, 1996. /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ------------------------------------------ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Senior Vice President U.S. Trust Corporation Executive Incentive Plan of U.S. Trust Corporation As Amended and Restated effective January 1, 1997
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Related to Executive Incentive

  • Executive Chairman means the Executive Chairman of the Board.

  • 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).

  • 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);

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

  • Executive Director means the executive director of the