Short Term Incentive means, with respect to any fiscal year of the Company, the specific annual incentive award (if any) approved for Executive by the Board or a designated committee of the Board with respect to such year.
Short Term Incentive means payments made pursuant to the Company’s short-term incentive plan.
Short Term Incentive means an incentive payment described in Section 8.1.
Examples of Short Term Incentive in a sentence
The rules and administration and payout formula of the Company’s Short Term Incentive Plan will apply to this Incentive Plan.
For the 2008 Plan Year, only Salary and Short Term Incentive Awards paid after Termination of Employment may be contributed to the Plan.
Further, except as otherwise provided by the Committee, in determining the number of Options to be issued to a Participant with respect to a Participant's contribution of a Short Term Incentive Award to the Plan and subsequent crediting of Share Units, Options may be issued only with respect to an amount which does not exceed the target amount of such award (or such other portion of the award as may be determined by the Committee).
The Committee may also, at any time and in any manner, limit the number of Options which may be acquired as a result of the Short Term Incentive Award being contributed to the Plan.
An Employee may make such an election with respect to the type of Award (Short Term Incentive Award or Annual Bonus) that the Employee is under as of the time the Employee’s eligibility to make such election is determined.
More Definitions of Short Term Incentive
Short Term Incentive means the target percentage of the Covered Employee's Base Salary in the Short Term Incentive Plan as determined by the Company in effect on the date of termination of employment. It does not include the short term incentive earned but not paid prior to the Covered Employee's date of termination.
Short Term Incentive means the annual profit share or other short-term incentive award under any profit share or other short-term incentive plan or program maintained by the Company.
Short Term Incentive is a variable cash reward, regulated by a specific Company policy, which the Executive may receive yearly, depending on his performance during the period.
Short Term Incentive means the amount of (1) any short-term incentive award paid or payable under the Verizon Short-Term Incentive Plan and (2) any other incentive award that the Plan Administrator designates as Short-Term Incentive for purposes of the Plan. The term Short-Term Incentive shall mean the gross amount of any such award, before such award is reduced for tax withholding and pre-tax or after- contributions to any employee benefit plan, and before any other special payroll deductions.
Short Term Incentive. “STI”): • For each calendar year commencing after the Effective Date during the Term (commencing with calendar year 2020), your annual STI award will be targeted at no less than 200% of your eligible base earnings during such calendar year. • STI awards will continue be based on the achievement of Company goals (and, as applicable, individual performance) as determined by the Compensation Committee or Section 16 Subcommittee of the Company’s Board of Directors (collectively, the “Committee”).
Short Term Incentive. For each calendar year commencing during the Term, commencing with 2018, you will be granted an annual short-term incentive award (the “STI Award”) targeted at one hundred fifty percent (150%) of your eligible base earnings during the applicable calendar year (determined in the same manner as eligible base earnings are determined for similarly-situated executives of the Company for such year). The Committee shall determine your target STI Award at such time(s) as it determines target short-term incentive awards for similarly-situated executives of the Company and may increase, but not decrease, your then-effective target STI Award in its discretion (provided that (a) to the extent that increases are made during the Initial Term to the target short-term incentive awards of the Company’s Section 16 officers generally, you will receive an increase in your then-effective target STI Award effective as of the same general time(s) as such target short-term incentive award increases are made with respect to the Company’s Section 16 officers generally, and (b) any such increase in your then-effective target STI Award shall be no less favorable than the average percentage increases made to the then-effective target short-term incentive awards of other Company Section 16 officers at such time(s)). Your STI Award will be earned based on the achievement of Company performance goals, as determined by the Committee in its discretion. Payment of any earned STI Award shall be made after the Committee determines performance results for the applicable calendar year, and at the same time as annual short-term incentive awards are paid to other similarly-situated executives of the Company generally (but in no event later than March 15th of the calendar year following the calendar year to which such STI Award relates). Except as expressly provided under “Severance” below, you must remain continuously employed with the Company through the end of the calendar year with respect to which such STI Award is made. Each STI Award shall be subject to the terms and conditions of the Plan and an award agreement which shall evidence the grant of the STI Award. Each such award agreement shall be in a form prescribed by the Company and consistent in all material respects with award agreements pursuant to which the Company grants short-term incentive awards to Section 16 officers generally at the time the applicable STI Award is granted.
Short Term Incentive means the target percentage of the Covered Employee’s Base Salary in the Short Term Incentive Plan as determined by the Company in effect on the date of termination of employment. It does not include the short term incentive earned but not paid prior to the Covered Employee’s date of termination.