Common use of Compensation Plans and Programs Clause in Contracts

Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short-term (annual) or long-term, maintained by Holdings and participated in by senior executives of the Company generally on terms taking into account Executive's title and position with the Company. Executive's short-term incentive award target is $70,000.

Appears in 2 contracts

Sources: Employment Agreement (Madison River Capital LLC), Employment Agreement (Madison River Capital LLC)

Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short-term (annual) or long-term, maintained by Holdings and participated in by senior executives of the Company generally on terms taking into account Executive's title and position with the Company. Executive's short-term incentive award target is $70,00060,000.

Appears in 1 contract

Sources: Employment Agreement (Madison River Capital LLC)

Compensation Plans and Programs. Executive shall participate in any compensation plan or program, short-term (annual) or long-term, maintained by Holdings and participated in by senior executives of the Company generally on terms taking into account Executive's title and position with the Company. Executive's short-term incentive award target is $70,000300,000.

Appears in 1 contract

Sources: Employment Agreement (Madison River Capital LLC)