Consistent with her continued employment as a Corporate Vice President, will remain eligible to receive a bonus for the 2022 performance year, subject to the terms and conditions of the 2006 Annual Incentive Plan and Incentive Compensation Plan. She will not be eligible for and will not receive any bonus for the 2023 performance year.
All Claims for any other compensation, including but not limited to front pay, back pay, bonus, fringe benefits, vacation pay, other paid time off, severance pay, other severance benefits, incentive opportunity pay, other grants of incentive compensation, and grants of stock, stock options, and other equity awards or equity-based awards;
Your annual cash incentive bonus/variable compensation (Variable Compensation), effective fiscal year and contingent upon the successful performance of all job duties, responsibilities, and mutually agreed upon objectives in accordance with SMT Management Incentive Plan, will be (, which will be pro-rated for 2015) .
“Base Compensation” means an Employee’s elements of compensation that would be eligible for deferral under the 401(k) Retirement Plan to the extent that such compensation for any Year is in excess of the Annual Compensation Limit, provided that it will exclude any bonus or incentive elements.
a material reduction in the Executive’s annual salary, Target Bonus, long-term incentive award value, or material reduction to the Executive’s aggregate benefits, or other compensation plans;
Compensation. For purposes of determining Carmon’s Compensation under the Plan, the bonus of paid to him in January of 2013, and the bonus of paid to him in January of 2014 shall be treated as bonuses paid pursuant to the Packaging Corporation of America Executive Incentive Compensation Plan. Therefore, they will be included in the calculation of his benefit from this Plan.
During the Initial Period, your annual base salary will be , your target annual cash bonus award will be , the target value of your annual long-term incentive awards will be and in no case will your annual base salary, annual bonus target, annual bonus payment, target value of your annual long-term incentive award or annual long-term incentive award be less than that paid or granted by the Company to Christopher Kubasik (assuming you remain employed for the full fiscal year in respect of which such bonus or award is earned).1 To the extent that normal annual compensation review cycles occur prior to Closing, the Company may (but is not required to) adjust your compensation elements to amounts not exceeding the contemplated levels in the preceding sentence.
“Incentive Compensation” shall mean commissions and bonuses or other incentive compensation provided for under a commission, bonus or incentive arrangement (other than arrangements for Performance Share Awards) which are earned with respect to an ascertainable period comprising one or more calendar years or subdivisions thereof (such as a calendar month or quarter or half-year period) approved for inclusion in this Plan by the Committee.
Variable Incentive. The Company agrees to pay Gordon the year-end bonus (the Variable Incentive) that Gordon would have received for the year ending . The magnitude and timing of the Variable Incentive payment will be in the same manner as to all other executive officers at Zymeworks at the discretion of the compensation committee of the Companys Board of Directors (the Compensation Committee).
Target’s Short-Term Incentive Plan brochure states that you must be employed at the time of bonus payment, currently scheduled for , to be eligible for bonus compensation. As part of your overall separation package from Target, which includes the Income Continuance Agreement and Non-Competition, Non-Solicitation and Confidentiality Agreement, you will be eligible for a full fiscal short-term incentive payout opportunity under Target’s Short-Term Incentive Plan.
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