Print Page  |  Close Window

SEC Filings

GREENSKY, INC. filed this Form 8-K on 02/06/2019
Entire Document


Individual Performance Factors” means such individual/personal performance objectives and such other individual/personal factors as the Committee determines to be appropriate for purposes of determining the Participant’s Bonus Award for the Bonus Period.


IPO” means the underwritten initial public offering of Shares that closed in May 2018.


Maximum Bonus Award” means the maximum Bonus Award which can be earned and paid for the Bonus Period to a Participant as determined by the Committee.  The Committee may establish the Maximum Bonus Award for a Bonus Period as a set dollar amount or in such other manner as the Committee may designate, including using the same methodology for determining the Participant’s Preliminary Bonus Award but using different Corporate Performance Objective(s) and/or level(s) of Corporate Performance Objective(s) and/or different Individual Performance Factor(s) and/or levels of Individual Performance Factors than those used to determine the Aggregate Corporate Performance Bonus Multiplier for determining the Participant’s Preliminary Bonus Award. Unless the Committee specifically determines otherwise, in no event may the amount of any Participant’s Maximum Bonus Award exceed $3,000,000 for any Bonus Period.


Participant” means a member of the Senior Executive Group and any other Employee of an Employer who is selected to participate in the Plan.


Person” means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust, unincorporated organization, association, corporation, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department.


Plan” means this GreenSky, Inc. Annual Incentive Plan, in its current form and as it may be hereafter amended.


Preliminary Bonus Award” means the preliminary Bonus Award which can be earned and paid for the Bonus Period to a Participant, which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (i) the Participant’s Target Bonus Percentage and (ii) the Participant’s relevant Aggregate Corporate Performance Bonus Multiplier.  Notwithstanding the foregoing, the Committee in its discretion may establish a different methodology from the foregoing to determine the Participant’s Preliminary Bonus Award for the Bonus Period.  The Participant’s Preliminary Bonus Award may be increased or decreased as the Committee in its sole discretion shall determine based on the Participant’s Individual Performance Factors or such other factors as the Committee determines to be appropriate.


Reorganization Agreement” means the Reorganization Agreement, dated May 23, 2018, among GreenSky, Holdings and the holders of equity interests in Holdings prior to the transactions contemplated thereby.


Retirement” means the Participant’s termination of employment on or after attaining such age and/or completing such years of service as the Committee may determine for purposes of the Plan.


Securities Act” means the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder.


Senior Executive Group” shall mean GreenSky’s CEO, Chief Financial Officer, Chief Administrative Officer, Chief Operating Officer, Chief Legal Officer, Chief Marketing Officer, Chief Human Resources Officer, or any other Employee otherwise designated by the Committee as a member of the Senior Executive Group, or any individual serving in any such capacity or in a role with commensurate