Manager Incentive Plan definition
Examples of Manager Incentive Plan in a sentence
In addition to your annual base salary as set by the Board of Directors of the Company (“Board”) from time to time (“Annual Base Salary”), for so long as you are employed by the Company, you will be eligible to receive an annual cash bonus (the “Annual Bonus”) in a target amount set by the Board from time to time, determined and payable under and in accordance with the General Manager Incentive Plan of the Company as in effect from time to time.
The interests of certain of Crescent’s directors and executive officers include, but are not limited to, the increase in the Management Fee (subject to the maximum increase as set forth in the Management Agreement Amendment), the increase in the Manager Incentive Plan Share Limit and the target number of shares of Crescent Class A Common Stock underlying the Manager PSU Award, in each case, that will result from the Crescent Stock Issuance.
These interests include, but are not limited to, the increase in the Management Fee (subject to the maximum increase as set forth in the Management Agreement Amendment), the increase in the Manager Incentive Plan Share Limit and the target number of shares of Crescent Class A Common Stock underlying the Manager PSU Award, in each case, that will result from the Crescent Stock Issuance.
For this purpose, Intrepid took into account the projected impact of the Transaction (as defined under “The Mergers—Opinion of Intrepid Partners, LLC, Crescent Special Committee’s Financial Advisor”) on the amounts payable to the Manager under the Management Agreement and the Parent 2021 Manager Incentive Plan (as defined under “The Mergers—Opinion of Intrepid Partners, LLC, Crescent Special Committee’s Financial Advisor”).
Buyer hereby agrees to maintain and honor the Manager Incentive Plan for eligible employees who continue to be employed with the Restaurants until at least December 31, 2007, provided that the Sellers shall calculate and pay at the Closing Date all amounts earned by eligible employees for services performed prior to the Closing Date.
Seller shall include on the Closing Balance Sheet: (i) an accrual for 11/12ths of the bonus due Gera▇▇ ▇▇▇▇▇▇▇ ▇▇▇er the Company's Manager Incentive Plan for fiscal year 1995 calculated in a manner consistent with past practices; and (ii) an accrual for 2/3rds of an estimated amount of commissions due under the Company's 1995 Sales Commissions Plan for the last quarter of 1995 which shall be calculated as of the Closing Date by reducing each Participants' sales targets by 33%.
Incentive: In this position you will be eligible to participate in Xenith’s Relationship Manager Incentive Plan.
If the Company books any Commissionable Sales, as that term is defined in the Company’s standard 2011 Account Manager Incentive Plan (the “AM Plan”), to public school customers in Puerto Rico by the Separation Date, you will be eligible to receive a commission of 2% on all of such Commissionable Sales, subject to the provisions of the AM Plan (except that you need not remain employed by the Company after the Separation Date to receive such commission).
In addition to the base salary described in Section 4.01, the Executive shall be eligible to receive incentive compensation as set forth in the Sales Manager Incentive Plan attached hereto as Exhibit A and made part hereof.
During the term of the Executive's employment hereunder, the Executive shall be a participant in the Strategic Business Unit Manager Incentive Plan, as modified from time to time (the "Annual Incentive Plan").