Incentive Compensation - Long Term Sample Clauses

Incentive Compensation - Long Term. (i) 1999 The Company implemented a Restricted Stock Plan in 1995 as an equity-based long-term incentive plan. A grant under the Plan was made to all officers in January of 1999 with a three- year restricted period beginning January 1, 1999 and ending December 31, 2001, with a single financial goal of Cumulative Earnings Per Share ("CEPS"). The restricted stock grant percentage (a percentage of base salary converted into shares of stock based upon the closing price for a share of IDACORP common stock on December 31, 1998) for the position of Vice President - Human Resources is a target percentage of 20 percent. However, under the terms of the Plan, to be eligible to receive a final share award, each officer must be employed as an officer during the entire restricted period. Because Executive will not have been employed during the entire restricted period, the Company shall establish a Stock Equivalent equal to the grant Executive would have received under the Plan for 1999 based upon a Base Salary of $125,000 with a target percentage of 20 percent as follows: RESTRICTED STOCK PLAN EQUIVALENT 1999-2001 RESTRICTED PERIOD MXXXXXX XXXXXXXX 1999 Grant Shares Title Name Target Base Salary Min Target Max V.P.-Human Mxxxxxx Xxxxxxxx 20% $125,000 345 691 1,036 Resources Goal - 1999-2001 Restricted Period (Cumulative Earnings Per Share) $6.90 $7.05 $7.20 Based upon IDACORP Common Stock closing price on December 31, 1998 of $36.1875.
Sample 1
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Incentive Compensation - Long Term. Effective January 1, 2005 and during the remaining term of this Agreement, unless sooner terminated in accordance with this Agreement, Executive shall be entitled to EMPLOYMENT AGREEMENT - 4 participate in the Company's Long Term Incentive Compensation Plan in accordance with the terms thereof. The Plan, which is subject to change by the Board of Directors, currently includes Restricted Stock, Performance Shares and Stock Options. Executive's participation in the Plan shall be at a level determined appropriate by the Compensation Committee of the Board of Directors.
Sample 1

Related to Incentive Compensation - Long Term

  • 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.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • 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.

  • 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

  • Incentive Compensation 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 target annual incentive compensation shall be forty five percent (45%) of their Base Salary, although any the actual incentive compensation amount shall be discretionary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • 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.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • 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.

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

  • 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.

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