Target Incentive Clause Samples

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Target Incentive. “Target Incentive” is defined as the cash incentive payable to Executive pursuant to a performance bonus or variable compensation plan based on achievement of specified performance goals for the year in which such Covered Termination occurs (as defined in Section 2(a)), as if all the applicable performance goals for such year were attained at a level of 100%. If at the time of the Covered Termination, Executive is eligible for a Target Incentive, but no target percentage or target dollar amount is specified for the year in which such Covered Termination occurs, the Target Incentive amount will be the target incentive percentage established for Executive in the preceding year (but adjusted if necessary for Executive’s position for the year in which the Covered Termination occurs).
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Target Incentive. Each participant will have an individualized determined salary base and target incentive that is (i) keyed to achieving a specified target for the Company and/or an operating division thereof or (ii) payable in the sole and absolute discretion of the Administrator (the “Statement”).
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Target Incentive. Each participant will have an individualized determined salary base and target incentive that is keyed to achieving the budgeted EBITDA target of the Company.
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Target Incentive. One hundred percent (100%) of the current annual Target Incentive.
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Target Incentive. During the term of this Agreement the Employee shall be entitled to an incentive compensation target of an additional C$87,000.00, which will be evaluated and paid in accordance with the FY 2007 Learning Tree Incentive Compensation Plan as it may be amended or modified from time to time.
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Target Incentive. One hundred percent (100%) of Executive’s current target incentive under the Company’s executive incentive plan(s).
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Target Incentive. The PARTICIPANT must meet or exceed the 3 year performance target with their “Total Savings” in order to qualify for the target incentive. The 3 year performance target will be a total of 9 percent savings across the portfolio over the incentive agreement. This incentive is only available once per incentive cycle and can be paid out once the 9 percent savings target has been met.
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Related to Target Incentive

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.