Bonus and Incentive Programs Sample Clauses

Bonus and Incentive Programs. Executive shall (without duplication) receive an annual bonus in respect of each fiscal year of the Corporation (a "Fiscal Year") ending during the Employment Period, at least equal to the bonus amount actually earned by Executive for such fiscal year under the Corporation's 1999 Executive Bonus Plan, as it may hereinafter be amended, modified or superseded or supplemented by another bonus plan sponsored by the Corporation or any affiliated company; provided that the Board (including the Compensation Committee thereof) may award Executive additional bonus amounts in its discretion (the aggregate of such bonus amounts being referred to hereunder as the "Bonus"). In addition to the Base Salary and Bonus payable as hereinabove provided, Executive shall be entitled to participate during the Employment Period in all incentive programs (whether cash or equity based, or otherwise), savings, pension, profit sharing and retirement plans and programs applicable to other key executives of the Corporation. In no event shall such plans and programs, in the aggregate, provide Executive following a Change in Control with compensation, benefits and reward opportunities less favorable than the most favorable of those provided by the Corporation and its subsidiaries for Executive under such plans and programs as in effect at any time during the ninety-day period immediately preceding the Change in Control or, if more favorable to Executive, as provided at any time thereafter with respect to any other key executive.
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Bonus and Incentive Programs. Executive shall receive an annual bonus in respect of the fiscal year of the Corporation ending December 31, 2001, in such amount as shall be determined by the Board or by the Compensation Committee of the Board. In addition to the Base Salary and bonus payable as hereinabove provided. Executive shall be entitled to participate during the Employment Period in all incentive programs applicable to other key executives of the Corporation.
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Bonus and Incentive Programs. A. SAs shall remain eligible for all current and future bonus programs, specific to the local campus procedures and policies. All award programs shall be available, if any, to all System Administrators in the unit, if available to other employees at that location.
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Bonus and Incentive Programs. For services performed by Executive under this Agreement, the Bank may, from time to time, pay a bonus or bonuses to Executive as the Bank or an affiliate thereof, in its sole discretion, deems appropriate. The payment or nonpayment of any such bonuses shall not reduce or otherwise affect any other obligation of the Bank to Executive provided for in this Agreement. In addition, the Executive will be eligible to participate in various performance incentive and stock incentive programs, in accordance with their terms, as may be established by the Corporation and/or the Bank from time to time.
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Bonus and Incentive Programs. 1. Any employee in any of the titles listed above shall be subject to the same criteria for any Employee Award Program as their union brethren under the terms and conditions provided under the current CX collective bargaining agreement. Specifically, but not limited to the provisions of Article 45.A.
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Bonus and Incentive Programs. During the Employment Term, Executive will be entitled to participate in the Company-sponsored Bonus and Incentive Programs currently and or hereafter maintained by the Company of general applicability to other senior executives of the Company. The Company reserves the right to cancel or change any such Bonus or Incentive and programs it offers to its senior executives at any time.
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Related to Bonus and Incentive Programs

  • 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 Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.