Examples of Annual Incentive Compensation in a sentence
Except as the procuring entity may, in its sole discretion, otherwise determine based on exceptional circumstances, if the Service Provider fails to attain the Maximum Annual Incentive Compensation in any Contract Year, the shortfall will not be available to the Service Provider in the subsequent Contract Years and the equivalent of $[ ] U.S. per Contract Year maximum will not be increased.
Except as the Employer may, in its sole discretion, otherwise determine based on exceptional circumstances, if the Service Provider fails to attain the Maximum Annual Incentive Compensation in any Contract Year, the shortfall will not be available to the Service Provider in the subsequent Contract Years and the equivalent of $[ ] U.S. per Contract Year maximum will not be increased.
It also includes any cash incentives paid annually other than Annual Incentive Compensation.
Annual Incentive Compensation Annual Incentive Compensation is cash compensation, if any, awarded under the firm’s Performance-Based Incentive Plan (generally paid in January) or Branch Profitability Incentive Plan (generally paid in February).
Ongoing Compensation also includes any cash incentives paid annually other than Annual Incentive Compensation (as defined above).