Management Incentive Plans definition
Examples of Management Incentive Plans in a sentence
Company Management Incentive Plans, if any, for subsequent years, shall be provided to you by the Chief Executive Officer.
Such Senior Management Incentive Plans shall be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.
It is the intent of the parties that Company adopt as soon as reasonably possible such bonus and/or incentive plans, stock option plans and such other plans adopted by Company from time to time to provide incentive or additional compensation to its senior executives ("Senior Management Incentive Plans").
As of the date of this Agreement, 13,112,500 shares of Company Common Stock are reserved for issuance pursuant to the Company's Management Incentive Plans, 1,412,500 shares of Company Common Stock are reserved for issuance pursuant to the Company's Non-Employee Director Stock Plans and 1,096,970 shares of Company Common Stock are reserved for issuance pursuant to the Company's Employee Stock Purchase Plan (each a "Company Stock Option Plan").
Seller has provided to Purchaser a true and complete copy of all Management Incentive Plans, together with a listing of all employees who are a party to a Management Incentive Plan identified as a “stay bonus” or a “success bonus” on Schedule 3.20(r) and the corresponding bonus amounts.
Recognizing that employees of the Company have worked for the Company for a portion of calendar year 2009, the parties agree that notwithstanding anything to the contrary herein, Final Working Capital shall include an accrual in respect to the Management Incentive Plans for calendar year 2009 in an amount equal to $1,127,000 (the “2009 MIP Accrual”).
Company Management Incentive Plans, if any, for subsequent years, shall be provided to you by the Board.
All monetary awards for calendar year 2008 (other than de minimus amounts) with respect to such Management Incentive Plans (“2008 Awards”) have been disclosed to Purchaser prior to the date hereof.
On or as soon as practicable after the Effective Date, Reorganized ABH shall adopt and implement (as applicable) the Management Incentive Plans substantially in the form set forth in Plan Supplement 6A to be filed on or before the Supplement Filing Date and described herein.
Such Senior Management Incentive Plans will be adopted on such terms and conditions deemed to be in the best interests of Company and may provide for awards in the form of cash, equity or other benefits.