Annual Cash Incentive definition

Annual Cash Incentive means the amount awarded to a Participant in cash for a Plan Year under a regular (annual or quarterly) incentive plan (other than an exceptional performance award program or a one-time incentive plan or program) maintained by the Corporation or an Affiliate, and any other amount otherwise included in Annual Cash Incentive for purposes of the Plan under rules as are adopted by the Committee.
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Annual Cash Incentive means only the cash incentive compensation actually paid to the Executive during such period and the cash incentive compensation actually earned but not yet received by the Executive pursuant to Section 3(b) of this Agreement for any performance period completed prior to the Executive’s Termination of Employment. “Annual cash incentive” shall not include any other form of compensation or benefit paid or provided to the Executive or any annual cash incentive with respect to an uncompleted performance period. Such post-termination payment shall be paid to the Executive in a lump sum within 30 days following the date on which the Executive signs and does not revoke the Release of Claims; provided that if the Executive’s Termination of Employment occurs on or after December 31 of any year and the “annual cash incentive” earned for the preceding calendar year has not been calculated, and the portion of the post-termination payment related to base salary has become payable, the portion related to base salary shall be paid at such time and the remaining portion of the post-termination payment related to the “annual cash incentive” shall be paid on the date the Executive would otherwise have received such payment if his employment had not been terminated; provided, further however, that in all events such amount shall be paid, if then payable, before March 15 of the calendar year following the calendar year in which occurs the Executive’s Termination of Employment.
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Annual Cash Incentive. The Executive shall be eligible to receive a discretionary cash bonus for the portion of the 2014 calendar year during which the Executive is employed by the Company, as determined by the Board. Beginning with the 2015 calendar year, the Executive shall be eligible to earn an annual performance-based cash bonus of up to 100% of base salary pursuant to a bonus plan and performance criteria established bythe Compensation Committee. Payment of any annual bonus shall be contingent on the Executive’s employment on the bonus payment date.
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Examples of Annual Cash Incentive in a sentence

  • Represents amounts earned under the Annual Cash Incentive Plan for the applicable fiscal 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.

  • For fiscal 2018, none of our named executive officers received cash incentive compensation for our company-wide or division financial performance as a result of our failure to achieve the pre-established company and division financial targets set out in our fiscal 2018 Executive Annual Cash Incentive Program.

  • For a description of our EIP, see “Elements of Compensation and Specific Compensation Decisions— Annual Cash Incentive Awards” in our Compensation Discussion and Analysis.

  • Even though this is very significant in the Sri Lankan context, the time duration is not sufficient in order to measure the OEE after the implementation process.

  • 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 75% of the Base Salary then in effect for each applicable year.

  • If the individual performance goals were met, exceeded or not met, then the individual performance component of the Annual Cash Incentive equaled, exceeded or was less than the target.

  • No Annual Cash Incentive Payments None of our named executive officers received a cash incentive payment for 2020 because wedid not meet our original performance objectives for the year.

  • Non-equity incentive plan are made under the Annual Cash Incentive Plan and equity awards are made under the Equity Incentive Plan.

  • The Compensation Committee rewards NEOs with an Annual Cash Incentive bonus for achieving the Company’s EPS objective.


More Definitions of Annual Cash Incentive

Annual Cash Incentive. ("bonus"), if any, to which Employee would entitled, prior to the change of position, for the fiscal year ended December 31, 2003. Employee shall not be eligible to receive a bonus for periods commencing after December 31, 2003;
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Annual Cash Incentive means a cash payment made pursuant to the Plan.
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Annual Cash Incentive. The executive shall be eligible to receive Any annual cash incentive bonus annual incentive cash bonuses based on Midland payable hereunder shall be paid and individual performance assessed for each to the executive not later than fiscal year relative to objectives agreed to in 15 business days following the advance between the executive and the Board. delivery of Midland's audited Executive's bonus target shall be 50% of his financial statements for the annual salary. fiscal year with respect to which such bonus is payable. BENEFITS Benefits as are made available to other executives of Midland, including participation in Midland's health/medical and insurance programs. A minimum of three weeks annually or VACATION commensurate with other executive officers. EXPENSES Reasonable and necessary out-of-pocket expenses incurred in the performance of duties shall be reimbursed by Midland in accordance with its policies. Annual dues for professional associations and fees for licenses necessary to perform the executive's duties shall be reimbursed or paid by Midland. STOCK OPTIONS Executive shall be granted options to acquire Subject to the terms and 50,000 shares of common stock, par value $0.01 conditions set forth in the per share, of MCM Capital Group, Inc. as stock option agreements, follows: (i) options to acquire 25,000 shares one-third of the stock options shall be granted effective upon the closing of shall vest on each of the MCMC's initial public offering with an exercise first, second and third price equal to the price to the public, and (ii) anniversaries of the respective options to acquire 25,000 shares shall be dates of grant. granted to executive no later than 30 days following the closing of the initial public offering with an exercise price equal to the fair market value. The grant of such options assumes the merger of MCMC with Midland Corporation of Kansas and the 4.94 to 1 common stock split in connection with MCMC's initial public offering. In the event MCMC does not consummate its initial public offering prior to October 31, 1999, then executive shall be granted options to acquire shares of Midland Corporation of Kansas in lieu of MCMC options (with appropriate adjustments to reflect that the 4.94 to 1 stock split did not occur) with an exercise price equal to fair market value (to be determined by the Board in good faith).
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Annual Cash Incentive. The Company shall pay the Executive an annual cash incentive bonus for the 2024 fiscal year, if any, subject to the determination and certification by the Committee and the Board of attainment of the performance goals applicable for such year, such bonus to be paid at the same time as such bonuses are paid to other senior executives of the Company, but in no event later than March 15, 2025, and reduced by all applicable withholdings and deductions. The target amount of the bonus shall be 200% of the Executive’s annual base salary earned from January 1, 2024 through the Transition Date, plus 150% of the amount of the Advisory Period Base Salary paid to the Executive pursuant to Section 5(d)(i) hereof through the Advisory Period Termination Date.
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Annual Cash Incentive. You will continue to be eligible to participate in the Annual Cash Incentive award provisions of Republic’s Executive Incentive Plan (“EIP”), or any successor or similar plan maintained by Republic for the benefit of executive officers, subject to the terms and conditions of such plans and at the discretion of and subject to approval by the MD&C Committee. Your award target for the 2021 Annual Cash Incentive has been set by the MD&C Committee to be 135% of your post-Effective Date Base Salary. The calculation of your 2021 Annual Cash Incentive will be prorated so that your annual target in effect before the Effective Date will be applied to your base salary before the Effective Date, and your annual target determined as of the Effective Date will be applied to your Base Salary (as set forth above) on and after the Effective Date.
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Related to Annual Cash Incentive

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Bonus means the bonus described in the Section 2.3.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Annual Compensation means an amount equal to the greater of:

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.