Equity Incentive Compensation. During the Employment Period, the Executive shall be eligible for equity grants under the [[Company:Organization]], Inc. Amended and Restated 1997 Stock Incentive Plan or any successor plan or plans, having such terms and conditions as awards to other peer executives of the Company, as determined by the Compensation Committee in its sole discretion, unless the Executive consents to a different type of award or different terms of such award than are applicable to other peer executives of the Company. Nothing herein requires the Compensation Committee to grant the Executive equity awards or other long-term incentive awards in any year. For the year 2020, the Company shall award the Executive the annual grant upon joining (“2020 Grant”) in the form of Restricted Stock Units (“RSUs”). The annual stock incentive grant value for the 2020 Grant will be 175,000 USD. The actual grant value of 2020 Grant will be calculated based on proration of the period between the Effective Date and December 31, 2020 to full calendar year 2020. The 2020 Grant shall have such terms and conditions of the Company’s stock incentive grant as provided to other executives.
Equity Incentive Compensation.Executive Chairman shall be entitled to participate, commensurate with his position, in the Company’s incentive compensation plan(s) (i.e., stock/restricted stock units/options/warrants, etc. (each individually or collectively, “Equity Awards”)), pursuant to the [[Company:Organization]] Stock Incentive Plan or such other equity plan or arrangement as may be in effect from time to time (such plan or arrangement hereinafter referred to as the “Plan”). Any Equity Awards shall be documented on an award agreement which shall at least conform to the terms and conditions set forth in this paragraph (the “Award Agreement”).
Equity Incentive Compensation. During the Term, the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Bank in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) the Company's 2015 Stock Option and Incentive Plan.
The Executive shall be eligible to participate in the Company’s equity incentive plans, as in effect from time to time, and shall be considered for grants and awards at such times and in such amounts as shall be deemed appropriate by the Compensation Committee, in its sole discretion.
Incentive Compensation (Equity). Executive shall be eligible to participate in Ultra’s Stock Incentive Plan (defined below), and may receive periodic equity or equity-based grants, which Ultra expects will be awarded annually, pursuant to that Plan at the discretion of the Compensation Committee. The terms and conditions of any such grants shall be specified at the time of grant in award agreements specific to each such grant.
Equity Incentive Compensation. The Employee shall be entitled to participate, commensurate with the Employee's position, in the IDI, Inc. 2015 Stock Incentive Plan and/or the [[Company:Organization]]. 2018 Stock Incentive Plan, and/or successor stock incentive plan adopted by the Company.
Incentive Compensation. During the term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation is $500,000.00, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarter.
Incentive Compensation. Incentive Compensation means a Participant’s cash bonus, commissions, incentive awards, equity-based compensation or such other compensation (other than Base Compensation) approved by the Committee as Incentive Compensation that may be deferred under Section 4.2 of this Plan, excluding any Incentive Compensation that has been previously deferred under this Plan or any other arrangement subject to Code [Section 409A] and excluding any compensation that is not U.S. source income.
Incentive Compensation. A Member may elect to reduce up to 100% of his or her Incentive Compensation in exchange for a Thrift Benefit under the Plan. The Bank will credit a Member's Account with an amount equal to # the Incentive Compensation payable to the Member for the pay period, multiplied by the percentage of Incentive Compensation elected by the Member to be deferred into the Plan, then reduced by # the amount of the Member's Incentive Compensation contribution to the Thrift Plan for the pay period, including “catch-up contributions.”
Commencing with the 2018 calendar year, the Executive shall be eligible to earn a bonus with respect to each calendar year ending during the Term computed in accordance with the provisions hereafter (an “Annual Bonus”). If the Pre-Bonus Earnings amount is less than or equal to twenty seven million dollars ($27,000,000), the Annual Bonus shall be equal to ten percent (10%) of the positive difference (if any) between the Pre-Bonus Earnings amount for such year less the Bonus Threshold. If the Pre-Bonus Earnings amount is greater than twenty seven million dollars ($27,000,000), the Annual Bonus shall be equal to the sum of # seven hundred thousand dollars ($700,000) and # five percent (5%) of the positive difference between the Pre-Bonus Earnings amount for such year less twenty seven million dollars ($27,000,000). By way of examples, if Pre-Bonus Earnings for any calendar year were # twenty four million dollars ($24,000,000), the Annual Bonus for such calendar year shall be four hundred thousand dollars ($400,000), # twenty eight million dollars ($28,000,000), the Annual Bonus for such calendar year shall be seven hundred fifty thousand dollars ($750,000) and # nineteen million dollars ($19,000,000), the Annual Bonus for such calendar year shall be zero.
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