Incentive Compensation Programs Sample Clauses
The Incentive Compensation Programs clause establishes the terms under which employees or contractors may receive additional compensation based on performance or achievement of specific goals. Typically, this clause outlines eligibility criteria, the metrics or benchmarks used to determine incentive payouts, and the timing or method of payment. By clearly defining how and when incentive compensation is earned and distributed, this clause motivates desired behaviors and aligns individual performance with organizational objectives, while also minimizing disputes over bonus entitlements.
Incentive Compensation Programs. During the term of employment, the Executive shall be eligible to participate in the Company’s incentive compensation programs applicable to the Company’s senior executives, as such programs may be established and modified from time to time by the Board in its sole discretion.
Incentive Compensation Programs. In addition to the foregoing provisions of this Section 4, Executive shall be eligible to participate in other applicable Company incentive compensation plans and programs (including, without limitation, any cash bonus, equity incentive, restricted stock and stock option plans and programs) on the same terms as apply generally to the Company’s other senior-level executives from time to time.
Incentive Compensation Programs. In addition to Base Salary, Executive shall continue while employed hereunder to participate in Company's incentive compensation programs (including any annual bonus program, any long-term incentive program, and any successor programs) as set forth on Attachment "A" hereto (including any future amendments) (the "Incentive Compensation Programs").
Incentive Compensation Programs. In addition to Base Salary, Executive shall continue while employed hereunder to participate in Company's incentive compensation programs (including any Bonus Plan and any successor programs) at levels in effect on the Effective Date or such other levels established from time to time by the Board (the "Incentive Compensation Programs"), whether such Incentive Compensation is (i) made available in cash, securities, other property or rights (ii) annual or long term, or (iii) generally available to employees or executive employees of Company, or specifically available to Executive, except that Executive shall participate only to the extent such Incentive Compensation Program is specifically provided for in this Agreement or Attachment "A" hereto (including any future amendments).
Incentive Compensation Programs. SIGN-ON AWARDS.
(a) During the term of employment, the Executive shall be eligible to participate in the Company’s incentive compensation programs applicable to the Company’s senior executives, as such programs may be established and modified from time to time by the Board in its sole discretion.
Incentive Compensation Programs. During the term of Executive’s employment hereunder:
(a) Executive shall be entitled to receive from the Company, within ten (10) days after the date of this Agreement, a lump-sum cash payment in the amount of $240,000, less all applicable withholding taxes (the “Sign-on Bonus”); provided that, in the event Executive’s employment with the Company terminates on or before the third (3rd) anniversary of the Effective Date, Executive shall re-pay to the Company within three (3) business days after the effective date of such termination a portion of the Sign-on Bonus in an amount equal to $240,000 multiplied by the Proration Fraction, and the Company shall have the right to offset any amount required to be repaid by Executive pursuant to this Section 2.2(a) against any other amounts payable to the Executive at the time of such termination of employment.
(b) Executive shall be entitled to participate in the Company’s Key Employee Annual Cash Incentive Plan (the “KEACIP”) or any successor annual bonus plan beginning with the 2005 plan year, the terms and conditions of which shall be established from time to time by the Compensation Committee. For the 2005 plan year, Executive’s target incentive percentage shall be 60% of Executive’s Base Salary.
(c) Executive shall be entitled to participate in the Company’s Long-Term Cash Incentive Plan beginning with the two year performance period commencing January 1, 2005, the terms and conditions of which shall be established from time to time by the Compensation Committee.
(d) Executive shall be entitled to receive a restricted stock award for 75,000 shares of common stock of Northwest Airlines Corporation, par value $.01 per share (the “Common Stock”), such restricted stock to vest in six equal installments of 12,500 shares each on each six month anniversary of the date of grant until fully vested on the third anniversary of the date of grant so long as Executive remains an active full-time employee of the Company on such dates, the terms and conditions of which award shall be set forth in a written agreement or other documentation which shall be provided to Executive by the Company’s Secretary.
Incentive Compensation Programs. During the Employment Period, the Executive shall not participate in the Executive Annual Incentive Plan, the Long-Term Incentive Plan or other cash bonus or incentive compensation programs. The extent of the Executive's participation in any stock option grants, restricted stock awards or other equity compensation awards made during the Employment Period shall be determined by the Company's Board of Directors or a duly authorized committee thereof.
Incentive Compensation Programs. You will not be eligible for participation in the Camp▇▇▇▇ ▇▇▇p Company Worldwide Management Incentive Plan (WIN Plan) or the Long-Term Performance Program (LTPP) or any other executive incentive compensation programs of Camp▇▇▇▇.
Incentive Compensation Programs. The Executive shall be eligible for 2003 stock options to be granted at the same time as other similarly situated executives, in an amount consistent with past practice.
Incentive Compensation Programs. In addition to the Base Salary provided for in Section 3.a. above, Executive shall be eligible to participate in the Company’s short- and long-term incentive compensation programs for the Company’s senior executive officers as in effect from time to time.