Annual Incentive Program. You shall participate in an equitable manner with all other senior management employees in the annual incentive program approved by the Board or the Compensation Committee. No other compensation provided for in this Agreement shall be deemed a substitute for your right to participate in such annual incentive program.
Annual Incentive Program. Executive shall be eligible to participate in any annual incentive program maintained by the Company and its subsidiaries to the same extent as other executives of the Company and its subsidiaries and shall be eligible to receive cash incentive awards thereunder, as determined by the Board of Directors of the Company (as applicable, the “Board”) or a committee of the Board.
Annual Incentive Program. The Executive shall be entitled to participate in the Company’s Annual Incentive Program (the “Annual Incentive Program”) according to the terms of the Annual Incentive Program which Annual Incentive Program the Company may, in the Company’s discretion, change, abolish or amend from time to time, with or without notice.
Annual Incentive Program. The Company will establish an Annual Incentive Program (“Program”), as set forth in Attachment A, that shall substitute for and replace the Variable Wage Adjustment Program included in the Restructuring Agreement.
Annual Incentive Program. In addition to Base Salary, for each year commencing 1998 Employee shall be eligible to receive a performance based bonus under the Company's Annual Incentive Program ("Performance Bonus") if certain pre-established performance objectives are obtained ("Performance Goals"). The Compensation Committee shall establish a range of Performance Goals by March 31 of each year. The Compensation Committee shall determine annually within 60 days after completion of the Company's year end audit whether the Performance Goals for the preceding year have been achieved. If the Performance Goals for the preceding year have been achieved, the Compensation Committee shall certify such fact to the Company, and the Company shall pay such Performance Bonus to Employee as soon as administratively feasible following such certification. The Compensation Committee shall establish a maximum Performance Bonus of 40% of Base Salary, a target Performance Bonus of 20% of Base Salary, and a threshold Performance Bonus of 10% of Base Salary which shall be paid to Employee based upon certification that the Performance Goals have been achieved. No Performance Bonus shall be paid for any year in which the threshold Performance Goal has not been achieved. No Performance Bonus may exceed $300,000. The Compensation Committee shall have the sole authority to administer and make determinations with respect to the Performance Bonus and Performance Goals.
Annual Incentive Program. 1. CityNon-Taxable contribution to Retiree Medical Trust (RMT) 457 plan for a percentage (see 3. below) of unused sick leave hours earned in a fiscal year. (See Article V. Benefits, Section E. Retiree Medical Trust.)
Annual Incentive Program. Effective as of the Start Date, Executive shall participate in the Company’s Annual Incentive Program for its fiscal 2017 (the “FY17 AIP”) with a target award equal to one hundred percent (100%) of Executive’s Annual Base Salary on a non-prorated basis (with a guaranteed minimum FY17 AIP award of 50% of the Annual Base Salary ($325,000)) and which target bonus percentage the Company agrees not to reduce.
Annual Incentive Program. During the Term of Employment and commencing with fiscal year 2023, the Executive will be eligible for a target bonus under the Company’s Annual Incentive Plan (“AIP”) equal to 150% of his annual base salary (with a maximum bonus under the AIP equal to 200% of Executive’s target bonus). The amount of the bonus will be based on the achievement of metrics determined in the sole discretion of the Board (or an authorized committee thereof) after consultation with the Executive and will be measured using Company and/or individual performance factors. It is understood that the Company determines eligibility for awards and the terms of awards on an annual basis, and that information about awards will be communicated to the Executive in accordance with Company practice. AIP bonuses will be paid no later than March 15th of the following fiscal year.
Annual Incentive Program. During the Term, Executive shall have the opportunity to participate in the Company’s Annual Incentive Program and the target annual incentive for Executive shall be equal to seventy (70%) of Executive’s base salary in Section 2.1 above. The actual amount of the annual incentive earned by Executive for any fiscal year shall be reasonably determined by the Company and shall be paid in accordance with the terms of the Annual Incentive Program. For fiscal 2010 and 2011, Executive shall have the opportunity to earn an incentive for the full year. For fiscal 2012, any bonus earned by Executive shall be prorated for the portion of the year that Executive is employed by the Company. “Annual Incentive Program” means the program established by the Company to reward similarly situated executives with an annual cash incentive for meeting and/or exceeding certain performance standards determined at the sole discretion of the Company on a case by case basis.
Annual Incentive Program. The Executive will be eligible to participate in the Company’s Annual Incentive Program, as may be amended by the People, Culture and Compensation Committee of the Board (the “Compensation Committee”) from time to time. The Executive’s incentive target will be 100% of her annual base salary and is subject to achievement of the Company’s annual corporate goals. Achievement of Company goals will be determined in the sole discretion of the Company’s Board of Directors and the Compensation Committee.
