Annual Incentive Award Opportunity Sample Clauses

Annual Incentive Award Opportunity. Executive shall be eligible to participate in the Company’s Annual Incentive Plan (the “AIP”), in accordance with the terms of the AIP as they may be amended by the Board from time-to time. Executive’s target annual award opportunity under the AIP shall be 35% of the Base Salary (the “AIP Annual Target”) and shall be subject, in accordance with the terms of the AIP, to an annual cap equal to 2 times the AIP Annual Target. Actual awards will be based on the achievement of specified performance objectives, as determined by the Board.
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Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He shall be eligible for an annual bonus opportunity of no less than $315,000, which shall be based upon the performance of the Company and the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible to receive an additional annual overachievement bonus. To the extent earned, the Executive shall be paid his annual incentive awards at the same time that other senior-level executives receive their incentive awards.
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Annual Incentive Award Opportunity. You will be eligible to participate in the Company’s annual bonus plan for similarly situated executives. As of the Effective Date, your target annual bonus is 100% of your base salary. All awards shall be governed by the terms of, and subject to any conditions established by, the Company’s then-current annual bonus plan.
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Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive bonus award opportunity of no less than fifty percent (50%) of his/her annualized base salary, the achievement of which shall be based upon the performance of the Company and the performance of the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards.
Sample 1
Annual Incentive Award Opportunity. Executive shall be eligible to receive additional grants of Stock Options to purchase up to 66,667 shares of Common Stock on each anniversary of the commencement of the Term. Actual awards will be based on the achievement of specified performance objectives, as determined by the Compensation Committee of the Board.
Sample 1
Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive target bonus award opportunity of no less than $375,000, the achievement of which shall be based upon the performance of the Company and the performance of the Executive. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards. For fiscal year 2005 of the Company (which ends on September 30, 2005), Executive shall receive an annual incentive award payout of no less than $375,000 (which represents 100% of his annual incentive target bonus award opportunity), provided Executive has not terminated his employment for reasons other than Constructive Termination Without Cause, or the Company has not terminated the Executive for Cause, prior to the end of the performance period (or September 30, 2005).
Sample 1
Annual Incentive Award Opportunity. You will be eligible to participate in the Company’s annual bonus plan for similarly situated executives. Prior to the SpinOff, you will participate in Potlatch’s Management Performance Award Plan (“MPAP”), and your bonus opportunity for 2008 will be prorated based on the number of complete half months for which you are employed during the 2008 plan year.2 Under the current terms of the MPAP, your target annual bonus will be 70% of your base salary and any actual bonus will be calculated based on corporate performance, which can range from 0% to 200% of the target bonus opportunity. The terms of the current MPAP also provide for a potential adjustment based on individual performance, which may be from zero (0) to two (2) times the value of the award as calculated based solely on corporate performance criteria. Subsequent to the Spin-Off, you will participate in SpinCo’s annual bonus plan for similarly situated executives and will no longer participate in the MPAP. Subject to the terms specified in this Agreement, all awards shall be governed by the terms of, and subject to any conditions established by, the applicable plan.
Sample 1
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Annual Incentive Award Opportunity. The Executive shall be eligible for an annual incentive bonus award opportunity from the Company in respect of each fiscal year of the Company that ends during the Term of Agreement. He/she shall be eligible for an annual incentive bonus award opportunity of no less than sixty-five percent (65%) of his/her eligible base salary earnings for the fiscal year, the achievement of which shall be based upon the performance of the Company and the performance of the Executive; provided however that for the Company’s fiscal year 2008 (“FY2008”), this annual incentive bonus opportunity shall be prorated as of February 1, 2008. In addition, in the sole discretion of the CEO, the Executive may be eligible for an additional annual overachievement bonus award opportunity. To the extent earned, the Executive shall be paid his/her annual incentive awards at the same time that other senior-level executives receive their incentive awards. Notwithstanding anything set forth in this paragraph, however, for the Company’s 2008 fiscal year only, Executive shall be eligible for (a) a prorated annual incentive bonus award opportunity of not less than forty five-and-a-half percent (45.5%) of his eligible base salary earnings for the time period between the Effective Date and September 30, 2008 , the achievement of which shall be based upon the performance of the Company and the performance of the Executive, and (b) a prorated annual incentive bonus award opportunity of not less than forty two percent (42%) of his eligible base salary earnings for the time period between October 1, 2007 and the Effective Date, the achievement of which shall be based upon the performance of the Company and the performance of the Executive.
Sample 1
Annual Incentive Award Opportunity. You will continue to be eligible to participate in the Company’s annual cash incentive program during your employment with the Company, at the level provided in your Offer Letter, subject to the terms and conditions of that incentive program as exclusively determined by the Compensation Committee in its discretion and provided you are employed by the Company at the time the Compensation Committee determines the amount of any annual awards based on achievement against annual performance goals and such awards are paid to other senior Company executives following the completion of a fiscal year.
Sample 1

Related to Annual Incentive Award Opportunity

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

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