MIC Plan definition

MIC Plan means the Company’s and its Subsidiaries’ Management Incentive Compensation Plan for the 2004 calendar year and thereafter until a New MIC Plan is approved and adopted.
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MIC Plan means Holdings' and its Subsidiaries' Management Incentive Compensation Plan for the 2000 calendar year.
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MIC Plan means the Annual Management Incentive Compensation Plan for CMS Energy Corporation and Its Subsidiaries, as effective January 1, 2004 and any amendments thereto.
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Examples of MIC Plan in a sentence

  • The MIC Plan is described in Exhibit B, which is incorporated by reference herein.

  • Individual goals and guidelines for bonus payable to Employee under the MIC Plan and the LTIP, and any successor plans, shall be subject to review and approval by the Board of Directors of the Company.

  • Concurrently with each report under Section 15.3, Nano shall pay to Zygo the Technology Transfer Fees due to Zygo for each unit sold by Nano pursuant to 15.1, at Zygo’s office in Middlefield, Connecticut, or at such other address as may be designated in writing.

  • Executive must be an employee of the Company at year end in order to receive the payment of amounts due pursuant to the MIC Plan.

  • Payments of amounts earned, including the minimum payment in respect of the 2003 MIC plan (described below), shall be made at the same time as all other payments under the MIC Plan are made.

  • In the event of Employee's termination of employment other than for cause (as defined in paragraph 10.1 hereinbelow) Employee shall be entitled to a pro-rata portion of the award he would have been entitled to receive under the MIC Plan in respect of the fiscal year in which Employee's termination date occurs had he continued in employment until the end of such fiscal year.

  • If a New MIC Plan is not agreed upon by the Board and the Company's Chief Executive Officer, the Executive will have substantially the same bonus opportunities as existed under the MIC Plan prior to the date hereof, taking into account the new capital structure of the Company and its Affiliates.

  • Executive's " Threshold," "Target" and "Maximum" bonuses payable under such MIC Plan shall be 40%, 70% and 140%, respectively, of his then current Base Salary.

  • Effective January 1, 2001, the MIC Plan will be replaced by the New MIC Plan which shall be mutually agreed upon by the Board and the Company's Chief Executive Officer.

  • Executive shall participate in the Management Incentive Compensation ("MIC") Plan as approved by the Company's Board of Directors, the terms of which shall be substantially the same as the terms set forth in Schedule A.


More Definitions of MIC Plan

MIC Plan means the Company’s and its Subsidiaries’ Management Incentive Compensation Program for the 20 calendar year and thereafter until a New MIC Plan is approved and adopted.
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Related to MIC Plan

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • Covered employer means the City of Cambridge or a Beneficiary of Assistance.