Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with, not less than the number of weeks of vacation during each calendar year to which the Executive is entitled as of the date of this Agreement. In addition, the Executive shall be entitled to annual reimbursement for tax and financial planning and tax preparation in accordance with the Company’s standard practice for executives generally.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with 4 weeks of paid vacation during each calendar year pursuant to the Company’s vacation policy.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with, not less than the number of weeks of vacation during each calendar year to which the Executive is entitled as of the date of this Agreement. In addition to the foregoing, the Executive shall be entitled to annual reimbursement of up to $5,000 per year for tax and financial planning and tax preparation, or such greater amount as may be authorized by the Committee, in its sole discretion, or by any person or persons to whom the Committee has delegated such authority.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with 4 weeks of paid Vacation during each calendar year pursuant to the Company’s PTO policy. Executive’s initial Short Term Incentive Target is 75%. Executive’s initial Long Term Incentive Target is 90%.
Annual Bonus and Incentive Plans; Other Benefits. Throughout the Employment Period, the Executive shall be eligible to participate in any bonus or incentive plans that are available to the senior executives of Arcadia.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally, and the terms of any agreements or plans related to such plans or programs shall control; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with vacation in accordance with the terms of the applicable Company policy. In addition, the Executive shall be entitled to (A) annual reimbursement for tax and financial planning and tax preparation in accordance with the Company’s standard practice for executives generally, (B) CEO security and driver services, and (C) the airplane usage as set forth on Exhibit A.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in any short-term and long-term incentive programs established and/or maintained by the Company for its senior level executives generally; (ii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iii) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as other senior executives of the Company; and (iv) the Executive shall be entitled to, and the Company shall provide the Executive with, not less than the number of weeks of vacation during each calendar year to which the Executive is entitled as of the date of this Agreement. As of the Effective Date, the Executive is eligible to participate in the Company’s Annual Incentive Plan at the 100% of annual base salary target level. Furthermore, the Executive shall be entitled to annual reimbursement of up to $5,000 per year for tax and financial planning and tax preparation, or such greater amount as may be authorized by the Company, in its sole discretion, or by any person or persons to whom such authority has been delegated.
Annual Bonus and Incentive Plans; Other Benefits. Beginning in 2007 and during the Employment Period, the Executive shall be eligible to participate in any bonus or incentive plans that are available to the Company’s senior executives.
Annual Bonus and Incentive Plans; Other Benefits. Beginning in 2007 and during the Employment Period, the Executive shall be eligible to participate in any bonus or incentive plans that are available to the senior executives of Arcadia and/or PrairieStone. A mutually agreeable bonus or incentive plan will be adopted by PrairieStone effective no later than January 1, 2009.
Annual Bonus and Incentive Plans; Other Benefits. During the Employment Period: (i) the Executive shall be entitled to participate in all short-term and long-term incentive programs established and/or maintained by the Company for Senior Executives as determined by the Compensation Committee of the Board (“Compensation Committee”) (and without limiting the generality of the foregoing the Executive shall participate in the Annual Incentive Plan with a target of 50% of Base Salary and a maximum bonus of 125% of target as described in the offer letter of June 6, 2007; the bonus for 2007 being pro-rated), such participation to be on a basis no less favorable to Executive than to other Senior Executives of Company; (ii) the Executive shall receive for 2008 a bonus representing at least fifty percent (50%) of his Base Salary; (iii) the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs of the Company to at least the same extent as other senior executives of the Company; (iv) the Executive and/or the Executive’s family, as the case may be, shall be eligible for participation in, and shall receive all benefits under, all welfare benefit plans, practices, policies and programs provided by the Company to at least the same extent as, and on terms no less favorable than, other Senior Executives of the Company; and (v) the Executive shall be entitled to, and the Company shall provide the Executive with 4 weeks of paid vacation during each calendar year pursuant to the Company’s vacation policy.
