BPOL Reduction Incentive Grant Sample Clauses

BPOL Reduction Incentive Grant. A. In addition to the Fiber Access local incentive, as part of the required local matching funds, subject to appropriation, the County, through the XXX, will fund an annual incentive grant which will effectively reduce Lidl’s business, professional and occupational license tax payments to Arlington County for up to ten (10) calendar tax years (the “BPOL Reduction Incentive Grant”). B. The BPOL Reduction Incentive Grant, which will be disbursed through the XXX, will have value to Lidl through the Performance Date of an amount determined pursuant to this Agreement. For purposes of determining any Local Catch Up Grant (as defined below) pursuant to subsection e) below, Lidl and the County will calculate the actual amount of BPOL Reduction Incentive Grants disbursed to Lidl though the Performance Date. In the event the County fails to appropriate funds sufficient to cover the annual BPOL Reduction Incentive Grants due to Lidl pursuant to this Agreement, then the County will make best efforts to fulfill its commitments using funds from other legally available sources. The County Manager will take all appropriate steps, and the XXX shall cooperate with the County Manager, as necessary, to seek County appropriations required to fund the annual BPOL Reduction Incentive Grants.
Sample 1
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BPOL Reduction Incentive Grant. A. Beginning April 30, 2017, the XXX, subject to the conditions below, will disburse the initial BPOL Reduction Incentive Grant to Lidl in order to effectively reduce Lidl’s business, professional and occupational license taxes for the preceding calendar year by fifty percent (50%). Thereafter, no later than April 30th of each subsequent year until April 30, 2021, the XXX, subject to the conditions below, will disburse an annual BPOL Reduction Incentive Grant to Lidl in order to effectively reduce Lidl’s business, professional and occupational license taxes for the preceding calendar year by fifty percent (50%). B. Beginning April 30, 2022, and continuing on April 30th of each subsequent year until April 30, 2026, the XXX, subject to the conditions below, will disburse an annual BPOL Reduction Incentive Grant to Lidl in order to effectively reduce Lidl’s business, professional and occupational license taxes for the preceding calendar year based on the number of permanent full-time employees at the Lidl Facility with an average annual wage of at least One Hundred Twenty Eight Thousand and 00/100 Dollars ($128,000.00) and who receive standard fringe benefits offered by Lidl. The amount of the BPOL Reduction Incentive Grant will be calculated as follows: Between one (1) and five hundred (500) employees Up to fifty percent (50%) of the actual business, professional and occupational license tax payment made by Lidl to Arlington County for the preceding calendar year, reduced, on a pro rata basis, for the actual number of qualified full-time employees (e.g., if there are 400 actual qualified full-time employees, the BPOL Reduction Grant will be 40% (50% x 400/500)). Between five hundred one (501) and one thousand (1000) employees Sixty percent (60%) of the actual business, professional and occupational license tax payment made by Lidl to Arlington County for the preceding calendar year More than one thousand (1,000) employees Seventy percent (70%) of the actual business, professional and occupational license tax payment made by Lidl to Arlington County for the preceding calendar year
Sample 1

Related to BPOL Reduction Incentive Grant

  • 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.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • 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.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • 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.

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