Annual Cash Incentive. Executive shall be eligible to participate in the Company’s management cash incentive plan and any successor annual cash plans. Executive shall have the opportunity to earn an annual target cash incentive, measured against performance criteria to be determined by the Company’s Board (or a committee thereof) having a grant date of not less than 70% of Base Salary.
Annual Cash Incentive. During the term of his employment under this Agreement, the Executive shall be eligible to receive an annual cash bonus based on performance objectives established by the Committee each year (the “Annual Cash Incentive”). The Executive’s target Annual Cash Incentive amount will be the percentage of Base Salary designated as the target by the Committee, which amount shall be at least 45% of the Base Salary then in effect for each applicable year. Notwithstanding the preceding, Executive’s Annual Cash Incentive, if any, may be below (including zero), at, or above the target based upon the achievement of the performance objectives.
Annual Cash Incentive. Dxxxx will receive the opportunity to earn an annual cash incentive pursuant to the terms of Exhibit A attached hereto (the “Annual Cash Incentive”). The Company agrees to negotiate in good faith a new Annual Cash Incentive Plan for each year of Dxxxx’x employment subsequent to Fiscal 2008. If the Company fails to negotiate a new Cash Incentive Plan for any year after Fiscal 2008, then the Annual Cash Incentive in effect for the preceding year will govern. Notwithstanding any of the provisions of this Agreement, the Annual Cash Incentive, to the extent payable for any fiscal year of the Company, will be paid no later than the 15th day of the third month following the end of the fiscal year of the Company to which the Annual Cash Incentive relates.
Annual Cash Incentive. Executive shall be eligible, as determined by the Committee in its discretion, for an annual performance cash bonus (“Annual Bonus”) in accordance with the terms of the Company’s Key Employees’ Incentive Plan, as it may be amended or restated from time to time (“XXXX”). To the extent earned, Executive shall be paid his Annual Bonus at the same time that other senior-level executives receive their awards.
Annual Cash Incentive. You shall have the opportunity to earn a cash incentive based on the Company’s and your personal performance during Fiscal 2008. The Company, through the Compensation Committee of the Board of Directors, retains the right to adjust your cash incentive plan at any time as business circumstances or other factors reasonably dictate. Your targeted annual incentive compensation (“Bonus”) for Fiscal 2008 is $100,000. Payment of 2008 incentive compensation will be at fiscal year end (but no later than as set forth in your Employment Agreement) and will based on a combination of 25% payout on personal objectives and 75% payout on Company objectives as noted below:
Annual Cash Incentive. Executive shall be eligible for an annual performance cash bonus ("Annual Bonus") in accordance with the terms of the Company's Key Employees' Incentive Plan, as it may be amended or restated from time to time ("KEIP"). With respect to each fiscal year ending during the Term of Xxxxoyment, such Annual Bonus shall range from 0% to 70% of the Executive's then Base Salary (70% being the "Maximum Annual Bonus"), with a target equal to 35% of the Executive's then Base Salary (the "Target Annual Bonus"), based on both the individual performance of the Executive and the Company's performance all as determined by the Committee in its discretion. To the extent earned, Executive shall be paid his Annual Bonus at the same time that other senior-level executives receive their awards.
Annual Cash Incentive. In addition to any other compensation received pursuant to this Agreement, the Executive shall be eligible to participate in the same Company cash incentive plan or plans that the members of the Company’s Executive Committee are eligible to participate.
Annual Cash Incentive. During the Term, the Executive shall be eligible to receive an annual cash bonus based on performance objectives established by the Committee each year (the “Annual Cash Incentive”), provided that the Company, in its sole discretion, elects to put into effect an annual cash incentive plan or similar policy with respect to any applicable year. The Executive’s target Annual Cash Incentive amount will be the percentage of Base Salary designated as the target by the Committee, equal to a percentage of the Base Salary then in effect for each applicable year, which percentage may be increased or decreased by the Committee in its discretion. Notwithstanding the preceding, Executive’s Annual Cash Incentive, if any, may be below (including zero), at, or above the target based upon the achievement of the performance objectives. In addition to the Annual Cash Incentive, the Company, in its sole discretion, may pay an additional bonus to the Executive as determined by the Company in accordance with the Company’s incentive plan or policies as in effect from time to time.
Annual Cash Incentive. Xxxxxxxxx will also have the opportunity to earn an annual cash incentive pursuant to the terms of Exhibit A attached hereto (the “Annual Cash Incentive”). The Company agrees to negotiate in good faith a new Annual Cash Incentive Plan for each year of Xxxxxxxxx’ employment subsequent to 2009. If the Company and Xxxxxxxxx fail to agree upon a new Cash Incentive Plan for any year after 2009, then the Annual Cash Incentive in effect for the preceding year will govern.
Annual Cash Incentive. During the Employment Term, Executive shall be eligible for a minimum annual target cash incentive opportunity of 125% of Annual Base Salary (as may be increased from time to time, the “Target Annual Cash Incentive”), provided Executive shall have the opportunity to earn a greater annual cash incentive for performance above target and, if the annual cash incentive opportunity for performance above target is subject to a maximum, such maximum shall be equal to an amount that is at least equal to 200% of the Target Annual Cash Incentive. The Executive’s Target Annual Cash Incentive shall be subject to annual review by the Board (or a committee thereof), and may be increased (but not decreased) from time to time as determined by the Board (or a committee thereof). The Board (or a committee thereof) shall set reasonable and appropriate Company and/or individual performance goals for each annual cash incentive opportunity, in consultation with the CEO, by no later than (i) June 30 for the 2020 performance year, and (ii) March 31 for each performance year thereafter. The earned annual cash incentive (the “Annual Cash Incentive”) for any given fiscal year will be determined based on overall Company performance and/or Executive’s individual performance (as applicable), as determined in the sole discretion of the Board (or a committee thereof) and provided Executive remains employed by the Company through the applicable performance period. Any such Annual Cash Incentive shall be paid to Executive at the same time that annual cash incentives are paid to other senior executives of the Company, provided, in any event, any such Annual Cash Incentive shall be paid by no later than March 15th of the year following the applicable performance year.
