Incentive Compensation and Bonuses Sample Clauses

Incentive Compensation and Bonuses. Executive ------------------------------------- shall receive annual incentive compensation and bonuses in accordance with the terms of the Executive Incentive Compensation Plan attached hereto as Exhibit A, subject to Company's then-current plans, practices, policies, and procedures with respect to incentive compensation established by the Board of Directors of Company (or a committee thereof) and generally applicable to comparable executives of Company.
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech’s fiscal years, its management will recommend to the Compensation Committee of the Board of Directors whether to pay to Executive additional compensation, and the Compensation Committee shall determine if additional compensation shall be paid to Executive, and if so, in what amounts. Such a determination by the Compensation Committee shall be made in conjunction with its consideration of an overall incentive compensation plan for senior management of Avatech. The Compensation Committee may pay to Executive any or all of the following: (a) incentive compensation based on Executive’s achievement of specific goals or objectives developed by the Compensation Committee, in an annual amount up to $50,000; (b) a bonus based upon outstanding performance by the Executive; and (c) options to purchase Avatech’s common stock under its equity compensation plans from time to time in effect, or otherwise.
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech's fiscal quarters, the Compensation Committee of the Board of Directors of Avatech shall determine an amount of cash incentive compensation and a stated performance measure ("Performance Goal") for the next following fiscal quarter. Such cash incentive compensation shall be paid to Executive after the close of the fiscal quarter if the Executive has met the Performance Goal for that fiscal quarter, in accordance with Avatech's customary payroll policies in force at the time of payment.
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Incentive Compensation and Bonuses. In addition to the Base Compensation, CARMICHAEL shall alxx xxxxxxe or be eligible to receive additional compensation in the form of incentive compensation and bonuses as follows:
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Incentive Compensation and Bonuses. Executive shall receive annual incentive compensation and bonuses in accordance with the terms of an annual Executive Incentive Compensation Plan prepared by Company for each calendar year, subject to Company's then-current plans, practices, policies, and procedures with respect to incentive compensation established by the Board of Directors of Company (or a committee thereof) and generally applicable to comparable executives of Company.
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Incentive Compensation and Bonuses. The Seller shall be liable, responsible and obligated for the payment of all incentive compensation and bonuses of the Employees up to the Closing Date in accordance with the terms of the applicable plans providing for such incentive compensation and bonuses from Seller.
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Incentive Compensation and Bonuses. Prior to the end of each of Avatech's fiscal years, Avatech's Chief Executive Officer and the Board of Directors shall adopt annual performance measures, with quarterly targets, for the Executive for the upcoming fiscal year (the "Performance Goals"). In the event that the Executive's performance meets the Performance Goals, Avatech will pay to Executive an annualized bonus of one hundred thousand dollars ($100,000) (the "Incentive Compensation"), payable in quarterly installments in accordance with Avatech's customary payroll policies in force at the time of payment. In the event that Executive's performance exceeds the Performance Goals, the Compensation Committee shall determine if amounts, in addition to the Incentive Compensation, shall be paid to Executive, and if so, in what amounts. In the event that Executive's performance does not meet the Performance Goals, the Compensation Committee shall determine if any amounts in excess of the Base Salary shall be paid to Executive, and if so, in what amounts. Such a determinations by the Compensation Committee shall be made in its sole discretion, in conjunction with its consideration of an overall incentive compensation plan for senior management of Avatech. The Compensation Committee may pay to Executive any or all of the following: incentive compensation based on Executive's achievement of specific goals or objectives developed by the Compensation Committee; a bonus based upon outstanding performance by the Executive; awards of stock pursuant to the Avatech's Restricted Stock Award Plan; and additional options to purchase Avatech's Common Stock under its Incentive Stock Option plan or otherwise.
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Incentive Compensation and Bonuses 
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Related to Incentive Compensation and Bonuses

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • 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, 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”).

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

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