ICP Bonus definition
Examples of ICP Bonus in a sentence
Any ICP Bonus Award determined earned will be paid to Executive within 30 days after the end of the Annual Period to which it relates.
Executive and the Board have agreed that the performance metrics for the ICP Bonus Award applicable to the first Annual Period will mirror the metrics of the Chief Executive Officer as approved by the Compensation, Nominating, and Corporate Governance Committee in May 2015 subject to the above minimum and maximum thresholds.
Year 2006 ICP Bonus — Your bonus for fiscal year 2006 will be based on your accumulated eligible wages for fiscal year 2006 determined with reference to the formal written objectives set forth for your position of Senior Vice President, Finance and Administration, and Chief Financial Officer in the Incentive Compensation Plan, and will be paid by March 15, 2007.
Executive and the Board have agreed to a set of performance metrics for the ICP Bonus Award applicable to the present Annual Period.
Any portion of the ICP Bonus guaranteed or earned for 2003 shall be paid in March 2004.
Any portion of the ICP Bonus guaranteed or earned for 2004 and 2005 shall be paid in April of 2005 and 2006, respectively, or on such earlier date upon which other senior executives of the Company are paid their corresponding ICP Bonuses.
Executive's target bonus under the ICP shall be 50% of his annual base salary, and he shall be guaranteed a minimum ICP Bonus of $400,000 per year during the Employment Period (pro-rated for any partial year of service, to include any year in which Executive's employment is terminated under circumstances which he is entitled to receive payments under Section 8 of this Agreement).
Any ICP Bonus earned after 2003 shall be paid in accordance with the existing ICP then in effect.
If Executive’s employment is terminated by the Executive pursuant to and in compliance with Paragraph 5(e), Employer shall pay to Executive the Compensation Payment, the Vacation Payment, the cash award only of any fully earned but unpaid ICP Bonus Award, and any unreimbursed Business Expenses, at the time and in the manner required by applicable law but in no event later than thirty (30) business days after the Employment Termination Date.
Year 2005 ICP Bonus — Your bonus for fiscal year 2005 will be based on your accumulated eligible wages for fiscal year 2005 determined with reference to the formal written objectives set forth for your position of Senior Vice President, Finance and Administration, and Chief Financial Officer in the Incentive Compensation Plan, and will be paid by March 15, 2006.