Examples of Short Term Incentive Plan in a sentence
If Employee elects not to provide such release, Employee shall not be entitled to severance or to any Bonus that has not yet been approved by the Board and become earned and payable under the terms of the applicable Short Term Incentive Plan.
The compensation package for all Enbridge Gas employees, which includes DSM employees, consists of base pay and a Short Term Incentive Plan (“STIP”).
For 2018, the Short Term Incentive Plan now includes revenue alongside profit as a performance measure, with a meaningful weighting of 20% (profit retains its 50% weighting, and the individual component has been reduced to 30%).
The Short Term Incentive Plan (“STIP”) was introduced in 2001 for executive Directors as part of an overall plan to align the interests of all senior management more fully with shareholders interests.
The Short Term Incentive Plan is designed to obtain maximum performance of the employee and not an entitlement for payment on performance of job description.