Key Contributor Plan definition
Examples of Key Contributor Plan in a sentence
Key Contributor Incentive Plan (the "Key Contributor Plan") or other replacement incentive or bonus plan Employer establishes for its key executives.
The amount of this bonus will be determined under Encore’s Key Contributor Plan (“KCP”) linked to both Encore’s achievement of performance measures (“2019 KCP Funding Percentage”) and an individual evaluation of your performance against your 2019 objectives (“Individual Performance Percentage”).
In the event any Additional Key Contributor Plan Amount is undesignated as to the recipient at the time of payment, the Sellers Representatives shall provide Radware with the names and amounts of the recipients.
Upon payment of these amounts, Radware shall receive a binding acknowledgement executed by each of the Company Recipients, the Key Contributor Plan Participants and the Investor Incentive Agreement Recipients, respectively, acknowledging that they have each received any and all proceeds that they are entitled to pursuant to this Agreement.
Employee's "Target Payout" for incentive bonus compensation under the Key Contributor Plan will be 75% of Base Salary and, provided that the individual Employee objectives and company objectives are met as required by the plan, Employee will be eligible to earn up to 150% of his Base Salary as incentive bonus compensation under the Key Contributor Plan.
On the Closing Date, pursuant to the Key Contributor Plan, the amounts set forth opposite each Key Contributor Plan Participant’s name on Annex A hereto are the amounts owing and payable to the Key Contributor Plan Participants and no other amounts are owed to any other parties pursuant to the Key Contributor Plan as a result of the transactions contemplated hereby other than as described in Sections 2.07(a)(ii) and 2.08(b), if applicable.
Except for (i) employment arrangements with its employees, (ii) the Company Certificate of Incorporation, (iii) the Company By-Laws, (iv) applicable Law, (v) the agreements evidencing Existing Options and (vi) the Key Contributor Plan and the Investor Incentive Agreement, the Company does not have any obligation to or claim against any Related Party, and no Related Party has any obligation to or claim against the Company.