Fiscal Year Incentive definition

Fiscal Year Incentive means cash incentive awards and bonuses based on the financial performance of the Company or one of its affiliates during one or more Fiscal Years earned by a Participant with respect to services performed as an employee of the Company or one of its affiliates and otherwise scheduled to be paid within two and one-half (2½) months after a Fiscal Year, irrespective of compensation reduction made by reason of the Participant’s participation in any employee benefit plan maintained by the Company under Code Section 401(k), 125, or 132(f) or under any nonqualified retirement plan maintained by the Company.
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Fiscal Year Incentive means Compensation consisting of a bonus or other incentive that is based on a Fiscal Year, and is otherwise scheduled to be paid within two and one-half months after such Fiscal Year.
Sample 1

Examples of Fiscal Year Incentive in a sentence

  • Criteria for 2008 Fiscal Year Incentive Awards Following approval of Amendment Number 3 to the Company’s Annual Management Incentive Plan (as more fully described above), the Committee adopted the 2008 Fiscal Year Award Program for Executive Officers (the “2008 Program for Executive Officers”), thereby establishing the performance criteria and the targets under the Annual Management Incentive Plan for the Company’s fiscal year ending February 29, 2008.

  • Criteria for 2011 Fiscal Year Incentive Award The Committee adopted the 2011 Fiscal Year Award Program for Executive Officers (the “2011 Program for Executive Officers”), thereby establishing the performance criteria and bonus opportunity under the Company’s Annual Management Incentive Plan, as amended by the Amendment, (the “Amended AMIP”) for the Company’s fiscal year ending February 28, 2011.

  • Such election shall apply with respect to Base Salary to be paid after the date of the election and to a Fiscal Year Incentive accrued during and after the Plan Year in which the initial election is made, determined by multiplying the Fiscal Year Incentive by a fraction, the numerator of which is the number of days remaining in the performance period after the election and the denominator of which is the total number of days in the performance period.

  • Criteria for 2010 Fiscal Year Incentive Award The Committee adopted the 2010 Fiscal Year Award Program for Executive Officers (the “2010 Program for Executive Officers”), thereby establishing the performance criteria and bonus opportunity under the Company’s Annual Management Incentive Plan, as amended by the Amendment, (the “Amended AMIP”) for the Company’s fiscal year ending February 28, 2010.

  • To be effective, a Deferral Agreement must be filed with such member of the Employer Group before the first day of the Fiscal Year in which the Participant will earn the Fiscal Year Incentive.

  • A Participant’s election to defer Compensation shall be irrevocable for each Plan Year (or Fiscal Year for a Fiscal Year Incentive), unless the Retirement Committee permits the Participant to revoke the Deferral Agreement during the Plan Year (or Fiscal Year) under Section 9.05(a) or the Plan is terminated as permitted under Article 12.

  • A Participant’s Deferral Agreement may include an election to defer payment of a Fiscal Year Incentive, by filing an executed Deferral Agreement with a member of the Employer Group employing that Participant.

  • A Participant’s deferral agreement may include an election to defer payment of up to 100% of a Fiscal Year Incentive, by filing an executed deferral agreement with the Company before the first day of the Fiscal Year in which the Participant will begin to earn the Fiscal Year Incentive.

  • The deferral agreement shall remain in effect with respect to that Fiscal Year Incentive only until the Fiscal Year Incentive is earned, forfeited or the performance period expires without the Fiscal Year Incentive having been earned.

  • However there is a clear risk that the funding available from 2012/13 and beyond will not be sufficient to meet the cost requirements for additional pupil places.

Related to Fiscal Year Incentive

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • 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);

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Fiscal Year End means December 31 of each calendar year.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Fiscal Year means the fiscal year of the Company.

  • 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).

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Annual income means all amounts, monetary or not, which:

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Bonus means the bonus described in the Section 2.3.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;