Executive Incentive Program definition

Executive Incentive Program means the Executive Incentive Compensation Program maintained by the Company for the benefit of its eligible executive employees.
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Examples of Executive Incentive Program in a sentence

  • 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.

  • 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.

  • The Executive Compensation Program provides the Executive with a competitive total compensation package that is made up of four elements; Base Salary, Executive Incentive Program (EPIP), and Benefits and Pension Programs.

  • During the term of this Agreement, Executive shall be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 2005, the amount of which incentive compensation payment shall be determined pursuant to the terms and conditions of the Company’s Executive Incentive Program based on a target award percentage equal to seventy-five percent (75%).

  • One Month’s Salary shall be determined by taking the Executive’s highest annual compensation for a calendar year (including base salary, the HickoryTech Executive Incentive Plan bonuses paid in that calendar year, stock grants under the Long Term Executive Incentive Program and any other incentive payments with the exception of stock options) during the five-year period prior to the Executive’s termination and dividing that amount by twelve (12).

  • During the term of this Agreement, Executive shall be eligible to receive an annual target incentive compensation payment for each Fiscal Year, beginning with the Fiscal Year ending March 31, 2002, and continuing through and including the Fiscal Year ending March 31, 2004, the amount of which incentive compensation payment shall be determined pursuant to the terms and conditions of the Company's Executive Incentive Program based on a target award percentage equal to seventy-five percent (75%).

  • A copy of the 2005 Executive Incentive Program is attached hereto.

  • The Corporate P&L, Balance Sheet and Cash Flow Statements (attachment #1); Fiat Model (attachment #2); Business Objectives (attachment #3); and 1998 Executive Incentive Program (attachment #4) provide the basis for 1998 corporate financial goals.

  • As of the Effective Date, Executive is eligible to participate in the Company Executive Incentive Program (“EIP”) with an annual target of one hundred percent (100%) of Base Salary, with performance goals commensurate with Executive’s position, as specified by the Compensation Committee of the Board of Directors (the “Committee”) from time to time, as may be applicable.

  • The Company's Executive Incentive Program shall be kept in place until December 31, 2000, after which time Company Employees may be eligible to participate in any incentive program established by Parent from time to time.

Related to Executive Incentive Program

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

  • Company Incentive Plan has the meaning set forth in Section 5.13.

  • 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;

  • 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 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 Manager 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.