Variable Compensation Plans Sample Clauses

A Variable Compensation Plans clause defines the terms under which employees may receive additional, performance-based pay beyond their base salary. This clause typically outlines the criteria for earning variable compensation, such as meeting sales targets, achieving project milestones, or other measurable objectives, and may specify the calculation methods and payment schedules. Its core practical function is to incentivize employees to achieve specific goals by linking a portion of their compensation to their performance, thereby aligning employee efforts with organizational objectives.
Variable Compensation Plans 
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Related to Variable Compensation Plans

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.