Example ContractsClausesIncentive Plan
Incentive Plan
Incentive Plan contract clause examples

Incentive Plan. For purposes of this Agreement, “Incentive Plan” shall mean the CommScope Holding Company, Inc. Annual Incentive Plan, or any successor annual incentive plan, maintained by Holding or the Corporation.

Cash Incentive Plan. With respect to each fiscal year of the Company ending during the Employment Period, you shall be eligible to earn an incentive award (a “Target Incentive Award”) under the Company’s Cash Incentive Plan, or any successor plan (the “Cash Incentive Plan”) pursuant to the terms and conditions of the Cash Incentive Plan. Your incentive award shall be paid at such times and in such manner as set forth in the Cash Incentive Plan. Prior to or at the beginning of each fiscal year of the Company, the Compensation Committee shall determine your Target Incentive Award, taking into consideration such factors as the Compensation Committee, and, where appropriate, the Board deems appropriate. Your Target Incentive Award under the Cash Incentive Plan for fiscal year 2022 (i.e., the year ending March 31, 2022) shall be 40% of Base Salary, provided, however, the Target Incentive Award for the 2022 fiscal year, to the extent earned under the Cash Incentive Plan, shall be prorated (based on the ratio of the number of days from the Effective Date to the last day of the fiscal year to 365). For the avoidance of doubt, in the event of any conflict between term definitions in this Section 3(c) and the Cash Incentive Plan, the definitions in this Agreement shall control.

Throughout the duration of this Agreement, the Executive shall be eligible to participate in the Company’s Annual Incentive Plan, as amended from time to time by the Company;

Incentive Compensation Plan. Employee will be entitled to participate in the Company’s Annual Corporate Management/Key Employee Bonus Plan, to the extent applicable to Employee’s position.

Incentive Plan. Commencing in 2021 and each year thereafter, Executive shall be eligible to participate in a variable incentive plan (the “Incentive Plan”) # on the same terms and conditions applicable to other similarly situated Ceridian executives, # with a target annual value based on sixty percent (60%) of Executive’s Base Salary. The Incentive Plan compensation payable shall be at the sole discretion of Ceridian HCM. The specific objectives and success criteria of the Incentive Plan shall be established by Ceridian in good faith each year, subject to change from time to time, in its sole discretion. Ceridian shall have the right to alter, amend or discontinue any incentive plans, including the Incentive Plan, or Executive’s participation therein, with or without prior notice and without compensation to Executive, provided the changes are consistent with those affecting other executives at Executive’s same or similar level and the Executive acknowledges and agrees that such changes will not constitute a constructive dismissal of the Executive’s employment. Payment, if any, under the Incentive Plan is at the sole discretion of Ceridian HCM and will only be made if Ceridian’s senior management team, the Board of Directors, compensation committee and/or other required personnel approve the amount to fund the Plan and will be applied consistently to other executives at Executive’s same or similar level.

Incentive Plan. Employee shall be eligible to participate in a variable incentive plan (the “Incentive Plan”), which plan will be pro-rated in 2021 to the Effective Date # on the same terms and conditions applicable to other similarly situated Ceridian employees, # with a target annual value based on sixty percent (60%) of Employee’s Base Salary. The Incentive Plan compensation payable shall be at the sole discretion of Ceridian HCM. The specific objectives and success criteria of the Incentive Plan shall be established by Ceridian each year, subject to change from time to time, in its sole discretion and subject to the plan documents for each element of the Incentive Plan. Ceridian shall have the right to alter, amend or discontinue any incentive plans, including the Incentive Plan, or Employee’s participation therein, with or without prior notice and without compensation to Employee, provided the changes are consistent with those affecting other employees at Employee’s same or similar level and the Employee acknowledges and agrees that such changes will not constitute a constructive dismissal of the Employee’s employment. Payment, if any, under the Incentive Plan is at the sole discretion of Ceridian HCM and will only be made if Ceridian’s senior management team, the Board of Directors, compensation committee and/or other required personnel approve the amount to fund the Plan.

Incentive Plan. “Incentive Plan” shall mean the Methode Electronics, Inc. 2014 Omnibus Incentive Plan or any subsequently adopted equity incentive plan adopted by the Company or its affiliates.

Stock Incentive Plan. Employee will be entitled to participate in the Company’s stock incentive plan to the extent applicable to Employee’s position.

Transformation Incentive Plan. Madewell will assume the obligations to make payments under the Transformation Incentive Plan to Madewell Service Providers. J.Crew will reimburse Madewell for all amounts paid to Madewell Service Providers pursuant [[Organization B:Organization]] Transformation Incentive Plan (if any), in accordance with the terms of the Transition Services Agreement.

Sales Incentive Plan. You will be eligible to participate in the Sales Incentive Plan and receive an annual bonus with a target of 75% of your annual base salary, pro-rated to time employed, based on achievement of Company revenue targets to be determined by the Board or a committee thereof. The bonus will be paid in accordance with the terms and conditions defined in the Sales Incentive Plan. In order to receive a bonus for any plan year, you must be an active, full-time employee through December 31st. Employees starting after January 1st in a plan year, will receive a pro-rated incentive, calculated from the date of hire.

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