Target incentive awards are expressed as a percentage of each Participant’s Salary and may vary by position, as defined in the Plan.
0% to 200% of target. RSU awards are determined after year-end, subject to approval by the Compensation Committee, and are typically granted in February. Your first eligible RSU award opportunity will be for fiscal year 2024, which, if performance is achieved, will be granted in February 2025. You will not be eligible to receive an RSU grant for performance in 2023.
Your participation in the Harris Annual Incentive Plan (AIP). Your [[Unknown Identifier]] target opportunity will be 60% of base salary. Incentive awards are paid based on the achievement of pre-established, annual business operating metrics and the successful completion of personal performance objectives set during the annual performance management cycle. Incentive awards may range from 0% to 200% of target based on business and personal performance. Your participation in AIP will begin on your start date and be pro-rated based on time in position during [[Unknown Identifier]]. To the extent earned, payouts are made in September following the fiscal year end, net of applicable withholdings and deductions.
No Borrower will, and no Borrower will permit any of the other Loan Parties to change its fiscal year from the twelve-month period beginning January 1 and ending December 31 or make any material change # in accounting treatment and reporting practices except as required by GAAP or # in tax reporting treatment except as required by law, or with the consent of [[Organization B:Organization]].
Fiscal Year; Method of Accounting. [[Organization B:Organization]] shall not, without giving prior written notice to [[Organization C:Organization]], change its fiscal year or method of accounting.
“Renewable Electricity Applicable Fee Adjustment Amount” means, with respect to any fiscal year commencing with the fiscal year ending May 30, 2021, # positive 0.50 basis points, if the Renewable Electricity for such fiscal year as set forth in the applicable KPI Metrics Report is less than the Renewable Electricity Target for such fiscal year and # negative 0.50 basis points, if the Renewable Electricity for such fiscal year as set forth in the applicable KPI Metrics Report is more than or equal to Renewable Electricity Target for such fiscal year.
the Company shall pay the Executive a pro-rata portion of the Performance Bonus based upon actual achievement of the performance metrics for the fiscal year in which the Termination Date occurs (calculated by dividing the number of full months of the applicable fiscal year through the Date of Termination by 12, and multiplying this fraction by the Executive’s then effective Performance Bonus Target) (the “Pro-Rata Bonus”).
5.10Incentive Awards. Purchaser shall, and shall cause its Affiliates, as applicable, to maintain the bonus opportunities provided for under any Seller Benefit Plan that is an annual bonus plan through the end of the fiscal year in which the Closing occurs and will pay any bonuses earned thereunder at such time as Sellers and their Affiliates has historically paid such bonuses. Each Continuing Employee’s bonus in respect of the fiscal year in which the Closing occurs shall be bifurcated as follows: # such bonus shall not be less than such Continuing Employee’s target bonus in respect of such fiscal year prior to the Closing under the applicable Seller Benefit Plan and # such bonus shall be based on the actual performance of Purchaser in respect of such fiscal year following the Closing.
“Greenhouse Gas Emissions Reduction Applicable Fee Adjustment Amount” means, with respect to any fiscal year commencing with the fiscal year ending May 30, 2021, # positive 0.50 basis points, if the Greenhouse Gas Emissions Reduction for such fiscal year as set forth in the applicable KPI Metrics Report is less than the Greenhouse Gas Emissions Reduction Target for such fiscal year and # negative 0.50 basis points, if the Greenhouse Gas Emissions Reduction for such fiscal year as set forth in the applicable KPI Metrics Report is more than or equal to Greenhouse Gas Emissions Reduction Target for such fiscal year.
Target Annual Bonus. The Participant’s target bonus under the Company’s annual incentive plans for the fiscal year in which such Participant’s Date of Termination occurs (or, if no target bonus has been set for such fiscal year, the Participant’s target bonus for the immediately preceding fiscal year).
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