Long-Term Bonus definition
Examples of Long-Term Bonus in a sentence
The Annual Bonus Plans and the Long-Term Bonus Plans are referred to as the “Bonus Plans.” The Executive may be awarded such restricted shares, share options and other equity-based awards under the Company’s equity compensation plans (“Equity Awards”) as the Compensation Committee determines to be appropriate in its sole discretion.
The Board will set, on or before the 90th day of such fiscal year, the performance goals to be achieved during the performance period that is then commencing in order for the Employee to earn all or a specified portion of his Long-Term Bonus.
The Employee will be eligible to earn a Long-Term Bonus during the Employment Period on the basis of the achievement of performance goals during a three-year performance period.
The Executive will be entitled to earn long-term incentive bonus awards payable in accordance with a plan established by the Board or the Compensation and Organization Committee (the "Long-Term Bonus").
All correspondence between the parties, arising out of this Agreement or incidental thereto, shall pass to and from the Clerk of the Employer and the Recording Secretary of the Union.