Compensation Pool Sample Clauses

Compensation Pool. In addition to the Fixed Annual Compensation, Employee shall be entitled to participate in the profits of the Company by way of a Compensation Pool Agreement, a copy of which is attached hereto as Exhibit "A" (the "Compensation Pool"). The Company shall account to Employee no less frequently than quarterly with respect to the Compensation Pool beginning with the Effective Date and continuing for a period of five (5) years thereafter. Statements, which shall be accompanied by payments of any amounts shown to be due Employee, shall be delivered to Employee within forty-five (45) days following the close of the applicable accounting period (60 days with respect to annual accountings). Employee shall have the right, exercisable not more frequently than once annually, to audit the Company's books and records, which audits shall be performed by a reputable firm of certified public accountants and which shall not unreasonably interfere with the operation of the Company's business.
Sample 1
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Compensation Pool. For the period beginning on the Closing Date and ending on December 31, 2019, Buyer shall establish a compensation pool for the benefit of the employees and partners of Buyer designated by Buyer as supporting the Business (the “Compensation Pool”). The Compensation Pool shall represent the maximum aggregate compensation, including benefits, of all employees and partners of Buyer designated by Buyer as supporting the Business, including the salaries of the Principals. The amount of the Compensation Pool shall be equal to forty percent (40%) of the revenue sourced by the Business during such period (excluding revenues derived from Clients who are introduced to the Business after the Closing Date by Buyer, any of its Affiliates, or any third-party solicitor or other representative of Buyer or any of its Affiliates (other than the Principals and Transferred Employees or the portfolio management group of the Business)). The Compensation Pool shall be paid out in accordance with the Buyer’s compensation policies in effect from time to time. The allocation of the Compensation Pool among the employees and the partners of Buyer designated as supporting the Business shall be determined by the Principals, subject to the prior consent of Buyer (such consent not to be unreasonably withheld, conditioned or delayed). This Section 5.1(c), including the amount of the Compensation Pool, may be amended by the written agreement of all of the parties hereto (or their successors in interest, if applicable). Upon the fifth anniversary of the Closing Date, partners of Buyer designated as supporting the Business shall be eligible to participate in Buyer’s Portfolio Management Compensation Plan as it may be in effect at that time.
Sample 1
Compensation Pool. As exclusive compensation for the services of ----------------- Medical Group Physician under this Agreement and all other Medical Group Physician employees of Medical Group under their respective Employment Agreements, Medical Group shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be equal to all amounts distributed to Medical Group pursuant to Section 2 of Article A of Appendix B of the Services Agreement. The Compensation Pool shall be allocated among and distributed to Medical Group Physician and other Medical Group Physician employees of Medical Group as provided in this Appendix A. Medical Group Physician shall not be entitled to any compensation for services under this Agreement except as provided in this Appendix A.
Sample 1
Compensation Pool. As exclusive compensation for the ----------------- services of the Physician Members under their respective Employment Agreements, MCP shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be in an amount determined pursuant to this Section 7.1 and Section 7.2 and shall be allocated among and distributed to the Physician Members as provided in Section 7.4. No Physician Member shall be entitled to any compensation for services under an Employment Agreement or these Terms and Conditions except as provided in this Article VII. The amount of the Compensation Pool with respect to each Fiscal Period shall be determined as an allocation of Stage One Gross Margin between the Compensation Pool and MCP, which allocation shall be determined as provided below: (a) First, an amount equal to ninety-five percent (95%) of any Stage One Gross Margin with respect to any Fiscal Period shall be allocated to the Compensation Pool until the total allocation to the Compensation Pool for such Fiscal Period equals the ninety-five percent (95%) of the Base Compensation Pool Amount (or a proportionally lesser amount for any Fiscal Period that is less than twelve (12) calendar months) and five percent (5%) of Stage One Gross Margin shall be allocated to MCP Allocation Account until the total allocation to the MCP Allocation Account equals five percent (5%) of the Base Compensation Pool Amount (or a proportionally lesser amount for any Fiscal Period that is less than twelve (12) calendar months); (b) Second, any Stage One Gross Margin with respect to any Fiscal Period that remain after allocation of the Stage One Gross Margin pursuant to Clause (a) ("Stage Two Gross Margin"), shall be allocated to the Practice Fund Account up to an amount sufficient to cause the balance in such account to be equal to zero; (c) Third, any Stage Two Gross Margin with respect to any Fiscal Period that remain after allocation of the amounts pursuant to Clauses (a) and (b) shall be allocated twenty percent (20%) to the Compensation Pool and eighty percent (80%) to MCP Allocation Account until the amount of Stage One or Stage Two Gross Margin allocated to the MCP Allocation Account pursuant to Clause (a) or this Clause (c) equals fifteen percent (15%) of Stage One Gross Margin with respect to any Fiscal Period; and (d) Fourth, any Stage Two Gross Margin that remains after allocation of the amounts pursuant to (a), (b) and (c) ("Stage Three Gross Margin") shall be al...
Sample 1
Compensation Pool. The annual operating profits of Bowex, xxter operating expenses and before taxes, will be apportioned to Bowex'x xxxpensation pool, dividends and reserves as follows: (a) Except as provided in this subsection, Bowex xxxll not make any distributions, nor pay any dividends, to any shareholders of Bowex xxx the first three years following the Closing Date. Instead, during such period all of the operating income of Bowex xxxll be applied towards compensation and the accumulation of reserves in Bowex, xx to a maximum of an aggregate of $2.5 million in each such year. Any operating income of Bowex xx excess of $2.5 million in any such year shall be distributed to shareholders of Bowex xx dividends. (b) At such time as the annual operating income of Bowex xxxches $10 million, Bowex xxxll cause its level of compensation (as a percent of operating profit before compensation and taxes) ("Compensation Level") for employees of Bowex xx equal the Compensation Level for employees of WPS Ltd.
Sample 1
Compensation Pool. Beginning in fiscal year 2019 and continuing for any fiscal year in which there is an Earn-Out Period in which the Sellers are eligible to receive a Contingent Payment in accordance with this Agreement, the Buyers shall cause the Group Companies to create an annual compensation pool in accordance with the terms and conditions set forth in Annex M hereto.
Sample 1

Related to Compensation Pool

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

  • 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 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.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's 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.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • 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.

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