Fiscal 2016 definition
Examples of Fiscal 2016 in a sentence
To the extent you provide the services requested during the Transition Period, you will be eligible for full, non-prorated participation in the Fiscal 2016 and 2017 Annual Incentive Plans.
In lieu of a restricted stock award related to your employment during Fiscal 2016, the Company will pay you the sum of $1,750,000, payable in six equal annual installments commencing January 5, 2018 and continuing on January 5 (or the first business day thereafter) of each of the next succeeding five years.
In addition to Base Salary and all other compensation provided in this Agreement, Executive shall be entitled to participate in the Company’s long-term incentive program (the “LTI”) beginning in Fiscal 2016.
In the event that the Committee determines that the Company has failed to achieve its Pre-tax Profit performance goals as forth under Section 2 on or prior to the end of Fiscal 2016 (a “Performance Failure”), then the entire Option shall immediately terminate together with all other rights hereunder.
No portion of the Option will vest unless the Committee determines that the Company achieved $100 million in Pre-tax Profit in at least one of Fiscal 2014, Fiscal 2015 or Fiscal 2016 (the earliest of such fiscal years in which the Pre-tax Profit goal is achieved constituting the “Performance Achievement”).
If such goal is attained, the Fiscal 2016 Bonus shall be equal to One Million Dollars ($1,000,000) (without pro-ration to reflect that the Effective Date occurred during the fiscal year).
Should the Company's Return on Average Tangible Assets for Fiscal 2016 equal [__]% (the "Fiscal 2016 Target Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2016 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.
All such awards granted with respect to fiscal years commencing with Fiscal 2016 will be determined and granted in the good faith discretion of the Board (or a committee thereof) and shall comply with the provisions of Section 11.1 of the Amended Agreement.
Should the Company's FDEPS for Fiscal 2016 be equal to or greater than $[ ] (the "Fiscal 2016 Maximum Amount of FDEPS"), then the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2016 Performance Period shall be settled by the issuance to the Custodian for the benefit of the Grantee of [ ] shares of the Restricted Stock in accordance with Section 1(b) of the Agreement.
By your electronic acceptance of this grant and the signature of the Company’s representative (above) on this Award Agreement, you and the Company agree that this Award of Performance Units is granted under and governed by the terms and conditions of the 2010 Plan, the Fiscal 2016 Long Term Incentive Restricted Stock Unit/Performance Unit Terms and Conditions and this Award Agreement.