Annual Performance Incentive Sample Clauses
Annual Performance Incentive. Executive shall be eligible to participate in the ▇▇▇▇▇ of ▇▇▇▇ Limited 2011 Annual Incentive Plan and any successor annual incentive plan or arrangement in which executive officers of ▇▇▇▇▇ of ▇▇▇▇ are eligible to participate (as amended, restated or modified from time to time, the “Annual Incentive Plan”). Except as otherwise set forth in this Agreement, any incentive award shall be subject to, and governed by, the terms and requirements of the Annual Incentive Plan, any applicable award agreement granted thereunder and the following applicable terms and conditions: (a)
Annual Performance Incentive. The Executive is entitled to participate in an annual performance incentive. Any payment made to the Executive will be determined annually based on the performance objectives, the scheme rules existing at the time and the discretion of the Board acting reasonably and after consulting with the Executive. The Board may review, amend, replace or cancel any or all of the terms of the incentive at its discretion acting reasonably and after consulting with the Executive.