Cash Incentive Payment Sample Clauses

Cash Incentive Payment. In consideration for DEVELOPER agreeing to develop the PROJECT in accordance with the terms of the GROUND LEASE and this AGREEMENT, the City shall provide DEVELOPER with a one-time cash incentive payment in the amount of One Hundred Thousand Dollars and No Cents ($100,000.00) to be used by DEVELOPER for Qualified Project Costs incurred after January 1, 2017, but before execution of this AGREEMENT and any Qualified Project Costs incurred after the execution of this AGREEMENT. The City shall pay DEVELOPER the $100,000.00 cash incentive payment within thirty (30) days of execution by all parties of the GROUND LEASE. Pursuant to Section 9 below, the one-time cash incentive payment shall be subject to repayment by DEVELOPER to CITY, in the event DEVELOPER fails to comply with all DEVELOPER requirements set out in Section 3, above.
Sample 1
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Cash Incentive Payment. If Grantee timely makes the election required in, and otherwise complies with the provisions of, Sections 5(a) and 5(b) of this Agreement, then, notwithstanding any other provision of this Agreement to the contrary, on December 31, 2005, the Company shall pay Grantee, as an additional incentive payment, an amount equal to $0.30 times the number of Shares initially granted to Grantee hereunder. The Company shall have the right to deduct and withhold from such payment any federal, state or local taxes of any kind required by law to be withheld with respect thereto or any such amounts relating to the granting and vesting of the Shares and the related election under Section 83(b) of the Code remaining unpaid by the Grantee on such date.
Sample 1
Cash Incentive Payment. For each fiscal year or portion of any fiscal year during which this Agreement is in effect, Consultant will be eligible to earn an annual cash incentive payment (the “Annual Cash Incentive Payment”) based on performance goals established by the Compensation Committee (the “Compensation Committee”) of Vantage’s Board of Directors (the “Board”), with the “target” Annual Cash Incentive Payment equal to 80% of the Annual Consulting Fee. The Compensation Committee shall establish objective criteria to be used to determine the extent to which performance goals have been satisfied. For any Annual Cash Incentive Payment based on a partial fiscal year, Consultant shall only be entitled to receive a pro-rata Annual Cash Incentive Payment based on the number of months during such fiscal year that this Agreement was in effect.
Sample 1

Related to Cash Incentive Payment

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • 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 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Annual Cash Incentive Executive shall be eligible to participate in the Company’s management cash incentive plan and any successor annual cash plans. Executive shall have the opportunity to earn an annual target cash incentive, measured against performance criteria to be determined by the Company’s Board (or a committee thereof) having a grant date of not less than 70% of Base Salary.

  • 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.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • 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

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

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