DELIVERY SIZE INCENTIVE Sample Clauses

DELIVERY SIZE INCENTIVE. The SYSCO Operating Companies will offer an Individual Delivery Size Incentive allowance based on the schedule listed below. The allowance will be based on each individual Customer delivery and will be shown as a single line item entry on the face of the invoice related to such delivery. The dollar amount of the allowance will equal the specified percentage, multiplied by the total of the Sell Prices of all Products contained in such delivery other than Billing Agency Products. Billing Agency Products will, however, be included in determining the delivery size amount. Customer shall not be eligible to receive the Individual Delivery Size Incentive unless it pays the invoice containing such allowance in accordance with the payment terms specified in Section 10 or the Location Specific Terms, as applicable.
Sample 1
AutoNDA by SimpleDocs
DELIVERY SIZE INCENTIVE. To encourage Customer to improve operational efficiency, Customer will be entitled to receive an incentive based upon the following performance schedule: Average Delivery Size Per Quarter Quarterly Incentive to Rubio’s *** Average delivery size will be calculated based upon quarterly completed net purchases (gross purchases net of rejected or returned product, pricing credits, purchases related to "will calls" (or other Customer pick-ups) and any applicable rebate payments made during the incentive period) divided by the number of deliveries by routed trailer. "Will calls" will not qualify for consideration as a delivery. For purposes of computing average delivery size, any delivery made by USF solely due to USF's error shall not be counted as a delivery. Delivery size and the number of deliveries shall be measured separately for each Customer unit (unless otherwise agreed to by USF and Customer). The incentive payment amount will be calculated by multiplying the applicable incentive rate by the completed net purchases for each Customer unit for the respective incentive period (after taking into account the exclusions and limitations described in the preceding paragraph and below) and will be paid by check within 30 days following the close of the respective incentive period. Notwithstanding anything to the contrary set forth herein, the incentive payment calculation shall exclude products where the price USF must charge Customer is specified in a national agreement between USF and a vendor (e.g., Ecolab, Coke and Pepsi). Such excluded products will, however, be included when computing average delivery size and determining the applicable incentive rate in accordance with the terms of the preceding paragraph.
Sample 1

Related to DELIVERY SIZE INCENTIVE

  • 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.

  • 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 Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • 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.

  • INVESTMENT OBJECTIVE, POLICIES AND RESTRICTIONS The Fund will provide the Sub-Adviser with the statement of investment objective, policies and restrictions applicable to the Series as contained in the Series' Prospectus and Statement of Additional Information, all amendments or supplements to the Prospectus and Statement of Additional Information, and any instructions adopted by the Board of Trustees supplemental thereto. The Fund agrees, on an ongoing basis, to notify the Sub-Adviser in writing of each change in the fundamental and non-fundamental investment policies of the Series and will provide the Sub-Adviser with such further information concerning the investment objective, policies, restrictions and such other information applicable thereto as the Sub-Adviser may from time to time reasonably request for performance of its obligations under this Agreement. The Fund retains the right, on written notice to the Sub-Adviser or the Adviser, to modify any such objective, policies or restrictions in accordance with applicable laws, at any time.

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

  • Annual Physical The Executive may, if the Executive so elects, within the twelve (12) months following the Date of Termination, receive an annual physical at the Company’s expense consistent with the physical provided under, and subject to the requirements of, the Company’s annual physical program as in effect immediately prior to the Date of Termination.

  • Additional Terms Applicable to an Incentive Option In the event this option is designated an Incentive Option in the Grant Notice, the following terms and conditions shall also apply to the grant:

Time is Money Join Law Insider Premium to draft better contracts faster.