Common use of Bonus or Incentive Compensation Clause in Contracts

Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company’s Board of Directors may from time to time approve including without limitation awards under the Company’s Incentive Award Plan. Such bonuses may be payable in cash (a “Cash Bonus”) and/or in the form of equity based compensation as allowed under the Company’s Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year with respect to which such Cash Bonus relates.

Appears in 2 contracts

Samples: Employment Agreement (Tanger Properties LTD Partnership /Nc/), Employment Agreement (Tanger Factory Outlet Centers Inc)

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Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company’s 's Board of Directors may from time to time approve including without limitation awards under the Company’s 's Incentive Award Plan. Such bonuses may be payable in cash (a "Cash Bonus") and/or in the form of equity based compensation as 1 allowed under the Company’s 's Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year with respect to which such Cash Bonus relates.

Appears in 2 contracts

Samples: Employment Agreement (Tanger Factory Outlet Centers Inc), Employment Agreement (Tanger Properties LTD Partnership /Nc/)

Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company’s 's Board of Directors may from time to time approve including without limitation awards under the Company’s 's Incentive Award Plan. Such bonuses may be payable in cash (a "Cash Bonus") and/or in the form of equity based compensation as allowed under the Company’s 's Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year with respect to which such Cash Bonus relates.

Appears in 2 contracts

Samples: Employment Agreement (Tanger Factory Outlet Centers Inc), Employment Agreement (Tanger Properties LTD Partnership /Nc/)

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Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company’s 's Board of Directors may from time to time approve including without limitation awards under the Company’s 's Incentive Award Plan. Such bonuses may be payable in cash (a “Cash Bonus”) and/or in the form of equity based compensation as allowed under the Company’s 's Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year with respect to which such Cash Bonus relates.

Appears in 2 contracts

Samples: Employment Agreement (Tanger Properties LTD Partnership /Nc/), Employment Agreement (Tanger Properties LTD Partnership /Nc/)

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