IC Plan definition

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.

IC Plan means any of the Company’s annual incentive compensation plans (or similar plans instituted in place of the annual incentive compensation plans).

IC Plan means the incentive compensation plan of the Company in which the Executive participates as of the Termination Date.

Examples of IC Plan in a sentence

• Otherwise, the Board may amend, suspend or terminate the IC Plan, including amendments that may increase the company’s costs.

• Stock units under the IC Plan are subject to adjustment in the event of a stock split, stock dividend or other change in corporate structure.

• Non-deferred payments may be made in cash, or in shares of company common stock valued at their then fair market value, or in other securities.Shareowner approval must be obtained for any amendment to the IC Plan that would increase the amount that may be appropriated to the IC Reserve.

• The IC Plan authorizes the Board to appropriate to an incentive compensation reserve (the IC Reserve) each year up to 10% of the amount by which the company’s consolidated net earnings exceed 5% of the company’s average consolidated capital investment, each as defined in the IC Plan.

• The MDCC selects employees eligible to participate in the IC Plan, provided that at least one-half of one percent of the total number of employees in the company and its consolidated affiliates must be designated to participate each year.Each year, the MDCC determines the amount of the IC Reserve and the total amount to be paid to participants.

More Definitions of IC Plan

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.

IC Plan means the PPG Industries, Inc. Incentive Compensation for Key Employees, as amended from time to time and formerly known as the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees.

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.

IC Plan means the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees.

IC Plan as defined in Section 8.g.

IC Plan means the PPG Industries, Inc. Incentive Compensation and Deferred Income Plan for Key Employees, as amended from time to time.

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