COMPENSATION-INCENTIVE Sample Clauses

COMPENSATION-INCENTIVE. A portion of the compensation payable to members of the BPT by the employer of such members shall be linked to the achievement of lower costs and greater efficiencies in the product supply chain under this Agreement.
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COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of EMPLOYER divided by actual common shares of EMPLOYER issued and outstanding at September 30 of each year, and not fully diluted), commencing with the fiscal year ended December 31, 2009, as follows: * “Profits” means ordinary income and/or capital gains resulting from on-going business operations, including extraordinary gains or proceeds resulting from a sale (spin-off) of a subsidiary. This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation shall be made based upon the annual audit of EMPLOYER's financial statements for the fiscal year ended December 31 and shall be paid in equal monthly amounts on the first day of the next succeeding twelve (12) months commencing with the first day of the month following release of the audited financial statements. Any retroactive increase shall not affect the base compensation for subsequent calculations. It is a separate adjustment from any other adjustment under any other plan. (b) The increase in compensation shall be payable in the year following the year for which the calculation is made, but shall be deemed earned by EMPLOYEE's efforts during the prior year. Such increase shall be vested as of December 31 of the year for which the calculation is being made, regardless of the subsequent termination or completion of this Agreement. Accordingly, payment thereof shall be made whether or not EMPLOYER remains employed during the year in which the payments are made.
Sample 1
COMPENSATION-INCENTIVE. The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of NEWCO divided by actual common shares of EMPLOYEEs public company parent issued and outstanding at December 3 of each year, and not fully diluted) as follows: 2 Profits Per Increase as a Common Share Percent of Base Compensatin $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $,50 40% $.51 - S.60 50% $.61 - S.70 70% $.71 - $.80 90% S.81 - $.90 110% S.91 - $1.00 130% over S.1.00 150% This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation will be made based upon the annual audit of EMPLOYERS financial statements and shall be paid in equal amounts for the balance of the then current- year on the regular paydays, commencing with the first payday following release of the audit. Any retroactive increase "I not affect the base compensation for subsequent calculations It is a separate adjustment from any other adjustment under any other plan.
Sample 1
COMPENSATION-INCENTIVE. (a) After the end of each calendar year, the Board of Directors of EMPLOYER shall determine the net income before federal and state income taxes of EMPLOYEE's SBU for such prior year. The calculation of such net income shall consolidate all revenue components of the SBU. The calculation of the costs and expenses of the SBU shall be (i) those costs and expenses over which EMPLOYEE has control, (ii) budgeted costs directly attributable to the SBU, and (iii) costs and expenses not under the control of EMPLOYER but which are components of gross margin. The SBU will not be charged overhead factors not directly related executive salaries and benefits, SEC/NASD than allocated accounting and professional SBU related items. (b) Examples of costs and expenses underwith general corporate to such SBU, such as compliance costs (other fees), and similar non-your control are: (i) contractor services (independent representatives) for outside sales (ii) salaries, wages, commissions, and benefits for all sales managers and staff members (iii) travel and entertainment expenses incurred by sales managers and staff members (iv) salaries, wages, and benefits for all non-sales SBU staff and employees (e.g., SBU secretary) (c) Examples of budgeted costs directly attributable to your SBU are: (i) allocated rent, telephone, fax, express delivery, and other office and communication expenses (with the allocation to be based upon actual utilization by the SBU) (ii) allocated or incurred professional expenses, including quarterly accounting and annual audit, (with the allocation to be based upon actual utilization by the SBU) (iii) allocated salaries, wages, and benefits for all shared employees (e.g., a receptionist) (with the allocation to be based upon actual utilization by the SBU) (iv) EMPLOYEE's salary and benefits (d) Examples of costs not under the control of EMPLOYER but which are components for determination of gross margin are:. (i) cost of carrier services (ii) carrier usage charges (iii) monthly access service charges (iv) carrier penalties (v) miscellaneous carrier charges (vi) network management (e) EMPLOYEE shall receive a bonus equal to twelve and one-half percent (12.5%) of the amount by which such net income exceeds Four Hundred Thousand Dollars ($400,000). (f) Any bonus awarded hereunder shall be paid at such time or times, in such amounts or installments, as the Board of Directors may determine, provided, however, that such bonus shall be paid within three (3) mont...
Sample 1
COMPENSATION-INCENTIVE. Delete Section Section 30. Recruitment (New Section) The City and the POA recognize a shared interest in improving recruitment of police officers. In support of that shared interest, the parties will work together during the term of the contract to develop strategies to recruit both new and lateral officers.
Sample 1
COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of NISCO dxxxxxd by actual common shares of NISCO ixxxxx and outstanding at December 31 of each year, and not fully diluted) as follows: Profits Per Increase as a Common Share Percent of Base Compensation $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $.50 40% $.51 - $.60 50% $.61 - $.70 70% $.71 - $.80 90% $.81 - $.90 110% $.91 - $1.00 130% over $1.00 150% This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation shall be made based upon the annual audit of NISCO's xxxxxxial statements and shall be paid in equal amounts for the balance of the then current year on the regular paydays, commencing with the first payday following release of the audit. Any retroactive increase shall not affect the base compensation for subsequent calculations. It is a separate adjustment from any other adjustment under any other plan. (b) The increase in compensation shall be payable in the year following the year for which the calculation is made, but shall be deemed earned by DEBELLA'xx xxforts during the prior year. Such increase shall be vested as of December 31 of the year for which the calculation is being made, regardless of the completion of this Agreement. Accordingly, for example, payment thereof shall be made following the termination of this Agreement whether or not NISCO xxxxxds DEBELLA'xx xxployment for that succeeding year during which the payments are made. Payment shall be made over the balance of the payroll dates of such payment year.
Sample 1
COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to an additional increase, based upon performance as determined by the Board of Directors. This additional increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. (b) COMPENSATION - STOCK INCENTIVE: Pacel desires to recognize the importance of attaining certain milestones for the company's continued operation and success. Accordingly, the following stock-option incentives have been allocated pending achievement of these goals: (not in any particular order)
Sample 1
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Related to COMPENSATION-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.

  • 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 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.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • 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.

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

  • 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.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Director Compensation Petitioner shall not compensate members of the Charter School’s Governing Board in excess of reasonable expenses incurred in connection with actual attendance at board meetings or with performance of duties associated therewith.

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