Amount of Incentive Sample Clauses

Amount of Incentive. The Engineering Study Incentive to be paid by IESO will equal the lesser of: (a) the actual Eligible Costs incurred and paid by the Participant to complete the Engineering Study, as invoiced in accordance with Section 3.3; and (b) the Approved Maximum Amount as set out in Exhibit "A"; and (c) for a Preliminary Engineering Study, $20,000.
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Amount of Incentive. (a) The Retrofit Incentive for a Project is determined as follows: (i) for Prescriptive Measures, the Prescriptive Incentive is calculated according to the Prescriptive Worksheet up to a maximum of 110% the approved Retrofit Incentive for Prescriptive Measures set out in section 12 of Exhibit "B"; (ii) for Custom Measures, the Custom Incentive is the least of: (A) (x) for each of the Custom Measures that are light bulbs or lighting fixtures, $0.05/kWh of Annualized Electricity Savings in the first year after they are implemented; plus (y) for each of the other Custom Measures, $0.10kWh of Annualized Electricity Savings in the first year after they are implemented; (B) 50% of the actual Eligible Costs for the Custom Measures; and (C) 110% of the Approved Retrofit Incentive for Custom Measures set out in section 12 of Exhibit "B"; provided that if the Participant is a Multi-Family Housing Provider and the Project is undertaken in a Multi-Family Building, the Retrofit Incentive will also include an incremental Multi-Family Building Adder equal to the product of $200/kW and the total estimated Demand Savings set forth in the worksheets included as part of the Pre-Project Submission Form, to a maximum of 10% of the Retrofit Incentive that would otherwise be granted without including of the Multi-Family Building Adder. (b) For the purposes of determining the Retrofit Incentive, notwithstanding the definition of Eligible Costs in the Master Agreement, Eligible Costs will mean costs that meet the criteria set out in Exhibit "A".
Amount of Incentive. (a) The Energy Manager Incentive per 12-month period (each an “Assessment Period”) commencing on the Energy Manager’s employment start date or anniversary thereof, as applicable, is the lesser of: (i) the product of $40/MWh and the total Electricity Savings arising during the tenure of the Energy Manager for Eligible Projects that are completed during the Assessment Period, as reported to and verified by the IESO; and (ii) $200,000; provided that for the purposes of this Incentive Schedule, “Eligible Project” means a project implemented for the main purpose of delivering Electricity Savings at one of the Facilities listed in Exhibit "A" and that is not an Ineligible Project. (b) The IESO will pay the Energy Manager Incentive for two consecutive Assessment Periods. (c) Where this Incentive Schedule terminates or expires before the end of an Assessment Period, the Assessment Period will be deemed to end the same day as the Incentive Schedule terminates or expires and the Energy Manager Incentive for that Assessment Period will be determined in accordance with Section 2.2(a) but only to the extent that Eligible Projects have reached their In-Service Date before the date of termination or expiry of this Incentive Schedule.

Related to Amount of Incentive

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Sick Leave Incentive The City will institute a sick leave incentive based on the usage of the bargaining unit; further, the City will pay each person who qualifies during January of each year. The incentive will be calculated and monitored by the Personnel Department and will be based on the pay periods during a calendar year. The incentive shall be awarded only when the bargaining unit's average sick leave usage is less than the City average and the following conditions are met: When the bargaining unit's sick leave usage is greater than forty (40) hours but less than the City average, the City will pay each member using between zero (0) and sixteen (16) hours of sick leave, eight (8) hours pay and any member using more than sixteen (16) but equal to or less than twenty-four (24) hours, four (4) hours pay. When the bargaining unit's average sick leave usage is equal to or less than forty (40) hours, the City will pay each member who used between zero (0) and sixteen (16) hours, sixteen (16) hours of pay at their current hourly rate. Those members who used more than sixteen (16) but equal to or less than twenty-four (24) hours, will receive eight (8) hours of pay.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

  • Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

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