Short Term Incentives Clause Samples

Short Term Incentives in the Employment Agreement shall be amended and superseded by the following Section 2.2.1:

Short Term Incentives. (a) Executive shall be eligible to receive incentive compensation under the STI Plan. The decision to award any incentive compensation to Executive under the STI Plan and the amount and terms of any such incentive compensation are subject to change from year to year and shall be in the sole and absolute discretion of the Compensation Committee of the Board. (b) The terms and conditions of Executive’s award under the STI Plan for calendar year 2016 are set forth in Exhibit A attached hereto. Any awards to Executive under the STI Plan for calendar years following 2016 shall be communicated to Executive pursuant to the terms of the STI Plan and need not be attached to this Agreement as an exhibit and shall not require any amendment to this Agreement. (c) The STI Plan payment made to Executive, if any, pursuant to this Section 4.2 shall be paid to Executive between January 1 and March 31 of the calendar year immediately following the calendar year to which the STI Plan payment relates. Except as otherwise provided in Sections 6.1, 6.3, 6.6 and 6.8, Executive must be actually employed on the last day of the calendar year to which the STI Plan payment relates in order to be eligible and entitled to any such STI Plan payment.

Short Term Incentives. For each calendar year ending during the Employment Period, the Executive shall be eligible to participate in the Employer’s short-term incentive plan at the Executive Vice President level and to earn an annual cash bonus based on the achievement of performance criteria established by the Board as soon as administratively practicable following the beginning of each such year (the “Annual Bonus”). For each calendar year during the Employment Period (including for all of 2010), (A) the target Annual Bonus shall be an amount equal to 75% of the Executive’s Base Salary (the “Target Bonus”), and (B) the maximum Annual Bonus shall be an amount equal to 150% of the Executive’s Base Salary. The Employer shall pay the Annual Bonus (if any) for each such calendar year in a single, cash, lump sum after the end of the applicable calendar year in accordance with procedures established by the Board, but in no event later than the fifteenth day of the third month following the end of such calendar year, subject to and conditioned upon the Executive’s continued employment with the Employer through the date of payment of such Annual Bonus (except as otherwise provided in Section 5 hereof).

Short Term Incentives. During Executive's continued employment in a senior management position, Executive shall be eligible to receive bonuses I short-term cash incentives in accordance with the Company's or its Affiliate's cash bonus I short-term incentive program(s) for senior management, as such programs may be modified from time to time. For the 2015 calendar year, Executive shall be entitled to a short-term cash bonus determined by the Company as of the Closing Date, under the performance metrics established by the MarkWest Hydrocarbon, Inc. short-term incentive plan and which shall be paid to Executive as soon as practicable following the end of the Partnership's 2015 calendar year, but within the first two weeks of calendar year 2016.

Short Term Incentives. (a) You may be eligible to participate in any short-term incentive plans of the Board, which may be determined by the Board from time to time.

Short Term Incentives. The liquidated damages for foregone short-term incentives under STIP shall be paid annually in cash, not later than 30 days after the date on which incentives are awarded by ▇▇▇▇ Atlantic under the STIP for the prior year's performance, in an amount equal to the value of the cash and deferred stock which the Key Employee would have been entitled to receive under the STIP, without adjustment for individual performance.

Short Term Incentives. For each calendar year ending during the Employment Period, the Executive shall be eligible to participate in the Employer’s short-term incentive plan at the Chief Executive Officer level and to earn an annual cash bonus based on the achievement of performance criteria established by the Board as soon as administratively practicable following the beginning of each such year (the “Annual Bonus”). For each calendar year during the Employment Period, (A) the target Annual Bonus shall be an amount equal to 100% of the Executive’s Base Salary, and (B) the maximum Annual Bonus shall be an amount equal to 200% of the Executive’s Base Salary. The Employer shall pay the Annual Bonus (if any) for each such calendar year in a single, cash, lump sum after the end of the applicable calendar year in accordance with procedures established by the Board, but in no event later than the fifteenth day of the third month following the end of such calendar year, subject to and conditioned upon the Executive’s continued employment with the Employer through the date of payment of such Annual Bonus.

Short Term Incentives. For each calendar year ending during the Employment Period, the Executive shall be eligible to participate in the Employer’s short-term incentive plan at the Chief Executive Officer level and to earn an annual cash bonus based on the achievement of performance criteria established by the Board as soon as administratively practicable following the beginning of each such year (the “Annual Bonus”). For each calendar year during the Employment Period (including for all of 2011, in part, as compensation for services performed for Employer’s predecessor), the maximum Annual Bonus shall not be less than $400,000 (the “Target Annual Bonus”). The Employer shall pay the Annual Bonus (if any) for each such calendar year in a single, cash, lump sum after the end of the applicable calendar year in accordance with procedures established by the Board, but in no event later than the thirtieth day following the Board’s approval of the audit if the short-term incentive plan is conditioned on the receipt of an audit, subject to and conditioned upon the Executive’s continued employment with the Employer through the date of payment of such Annual Bonus (except as otherwise provided in Section 5 hereof).

Short Term Incentives. For each calendar year ending during the --------------------- Employment Term, the Executive's bonus compensation ("Annual Bonus") shall be at an annual rate equal to a percentage between 0% and 100% of his Base Salary in effect on the last day of such year, with a target of 40% of Base Salary (the "Targeted Bonus") if the Company and the Executive achieve budgeted financial and other performance targets which shall be established by the Board and as set forth in the Company's Business Plan (the "Performance Goals"). The Executive's Annual Bonus shall be 60% of Base Salary if 120% of the Performance Goals are achieved and a percentage less than 40% of Base Salary to be determined by the Board if the Company's performance falls short of the Performance Goals. The Executive's Annual Bonus earned with respect to each year shall be paid at the same time as annual incentive bonuses with respect to that year are paid to other senior executives of the Company generally.