Variable Pay Program definition

Variable Pay Program means a formal compensation program which provides for remuneration amounts that vary based on achievement levels of specific performance goals including commissions, incentives, bonuses and other payments based on an Employee's performance, excluding the First of America Bank Corporation Annual Incentive Compensation Plan, the First of America Bank Corporation Long-Term Incentive Compensation Plan and the First of America Bank Corporation Employees' Stock Compensation Plan.
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Examples of Variable Pay Program in a sentence

  • Employee will be eligible for consideration for an annual bonus and other incentive compensation plans generally available to other similarly situated executive or managerial employees, such as the OPC Variable Pay Program.

  • Employee will also be eligible for consideration for an annual bonus and other incentive compensation plans generally available to other similarly situated executive or managerial employees, such as the OPC Variable Pay Program.

  • The Union and Company agree that if during the term of this agreement the Union expresses an interest in the Company’s Variable Pay Program, then the parties would meet, but not before September of 2003, to attempt to negotiate to include System Local 102, UWUA in the Variable Pay Program, provided that the Company continues to offer such plan to other similarly situated employees.

  • The process requires: • Establishment of Accountability • Employee Performance & Development Review Process • Application of Variable Pay Program Employees will work with their manager to establish their accountability statement and the related outcome measurements.

  • Executive confirms that she has no rights to receive any payments under the Oclaro Variable Pay Program (the “VPP”) for performance after June 30, 2013.

  • Executive confirms that he has no rights to receive any payments under the Oclaro Variable Pay Program (the “VPP”) for performance after December 28, 2013.

  • The Executive shall be eligible for an award under the 2014 Corporate Variable Pay Program and the 2012 Long Term Incentive Plan, payable when such awards are paid by the Bank to other senior officers and provided approval is obtained from the Federal Housing Finance Agency.

Related to Variable Pay Program

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • Child day program means a regularly operating service arrangement for children where, during the absence of a parent or guardian, a person or organization has agreed to assume responsibility for the supervision, protection, and well-being of a child under the age of 13 for less than a 24-hour period.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.