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.