IC Plan definition

IC Plan means the incentive compensation plan of the Company (or any of its affiliates) in which the Executive participates as of the Termination Date.
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IC Plan means any of the Company’s annual incentive compensation plans (or similar plans instituted in place of the annual incentive compensation plans).
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IC Plan means the existing system of annual cash bonuses payable to Company employees (including Participants), pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Company, business group and individual performance.
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Examples of IC Plan in a sentence

  • As used in this Section 5, "Annual Bonus" means the greater of (i) the annual target bonus under the I.C. Plan attributable to the Plan Member or (ii) said annual target bonus times a fraction equivalent to the average percentage of said annual target bonus paid to said Plan Member for each of the two preceding fiscal years of the Company (or for such lesser period of time as such Plan Member participated in the I.C. Plan).

  • The EPS target for each year in the Senior IC Plan and LTI shall be determined by the Compensation Committee of the Board of Directors by January 1st of each year.

  • The IC Plan will establish Reclamation-wide internal control requirements for Pub.

  • The foregoing payments shall be paid at the same time as payments under the IC Plan are typically paid, but in no event earlier than three (3) months following the Executive’s Qualifying Termination and in no event later than March 15th of the year following the year in which the applicable season is completed.

  • Thereafter, incentive compensation under the IC Plan is not guaranteed but will be based on the results of the Company’s performance as determined by the Board of Directors of the Company’s parent (the “Board”).

  • For the purposes of clarity, under this subsection, the Executive shall be entitled to payments under the IC Plan pursuant to this provision only for performance periods that are completed during the one (1)-year period following the Executive’s termination of employment.

  • The number of shares subject to the Option shall be the quotient resulting from the division of (x) fifty percent (50%) of the total value of the Optionee's incentive award under the District IC Plan (after deducting withholdings required by law, including any tax required by a governmental entity), by (y) the per share purchase price as calculated under (ii) above.

  • The Senior IC Plan and the LTI are subject to change at the discretion of the Compensation Committee.

  • Incentive compensation under the IC Plan is not guaranteed but will be based on the results of VS&Co’s performance as determined by the HCCC.

  • Allow ten working days for Project Multi-Disciplinary Team (MDT) review of Draft IC Plan.


More Definitions of IC Plan

IC Plan means the existing system of annual cash bonuses payable to Company employees (including Plan Members), pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Company, business group and individual performance.
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IC Plan means the existing system of annual bonuses (cash, equity or a combination thereof) payable to Participants, pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Partnership and/or individual performance.
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IC Plan means the existing system of annual bonuses (cash, equity or a combination thereof) payable to Participants, pursuant to which annual target bonuses are established based upon job levels and
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IC Plan as defined in Section 8.g.
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Related to IC Plan

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Dental plan means any dental insurance policy, including those of nonprofit health service plans, and those of commercial group, blanket, and individual policies, any subscriber contracts issued by Health Maintenance Organizations (HMOs), and any other established programs under which the insured may make a claim. The term Dental Plan includes coverage under a governmental plan, or coverage required to be provided by law. This does not include a State plan under Medicaid (Title XIX, Grants to States for Medical Assistance Programs, of the United States Social Security Act, as amended from time to time.)

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).