Definition of Terex's Annual Incentive Compensation Plan


Terex's Annual Incentive Compensation Plan means the Terex Amended and Restated 2004 Annual Incentive Compensation Plan or any subsequently adopted plan regarding the payment of annual bonuses to the senior executives of Terex. (v)
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Examples of Terex's Annual Incentive Compensation Plan in a sentence

DeFeo shall receive an annual bonus in respect of each calendar year during the Term of Employment in accordance with Terex's Annual Incentive Compensation Plan or any annual incentive plan or plans established by Terex either for DeFeo or for members of Terex's senior management generally.
The annual bonus shall be payable in accordance with the terms of Terex's Annual Incentive Compensation Plan or any other applicable annual incentive plan in which DeFeo is entitled to a bonus, as applicable, in each case as in effect from time to time.