Target Incentive Payment Plan definition

Target Incentive Payment Plan shall have the meaning specified in Section 3.2.
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Target Incentive Payment Plan shall have the meaning specified in Section 3.2. “Term” shall have the meaning specified in Section 2.2. “Termination Date” shall mean the effective date of the Executive’s termination of employment and shall be the date specified in a Notice of Termination delivered in accordance with this Agreement. If earlier, the date of the Executive’s death shall be the Termination Date.
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Examples of Target Incentive Payment Plan in a sentence

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn a target incentive payment (the “Target Incentive Payment”) each year of not less than $2,500,000 (the “Target Incentive Payment Amount”).

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn target incentive payments (each, a “Target Incentive Payment”) each year totaling not less than 200% of the Base Salary paid to the Executive during the calendar year to which the Target Incentive Payment relates (the “Target Incentive Payment Amount”).

  • The Executive’s estate shall be entitled to receive a prorated Target Incentive Payment under the Target Incentive Payment Plan for the calendar year in which the Executive’s death occurs, equal to the highest Target Incentive Payment that the Executive could have earned in such year multiplied by a fraction, the numerator of which is the number of days from the first day of such calendar year through date of the Executive’s death and the denominator of which is 365.

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn a target incentive payment (the “Target Incentive Payment”) each year of not less than $2,000,000 (the “Target Incentive Payment Amount”).

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn a target incentive payment (the “Target Incentive Payment”) each year of not less than $3,000,000 (the “Target Incentive Payment Amount”).

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn a target incentive payment (the “Target Incentive Payment”) each year of not less than 230% of the Executive’s Base Salary for such year (the “Target Incentive Payment Amount”).

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn a target incentive payment (the “Target Incentive Payment”) each year of not less than $600,000 (the “Target Incentive Payment Amount”).

  • Under the Target Incentive Payment Plan, the Executive will be eligible to earn target incentive payments (each, a “Target Incentive Payment”) each year totaling not less than 150% of the Base Salary paid to the Executive during the calendar year to which the Target Incentive Payment relates (the “Target Incentive Payment Amount”).