Economic Incentive Sample Clauses

Economic Incentive. (a). Subject to the terms and conditions contained in this Agreement and subject to the Company’s compliance with this Agreement, the City shall pay the Company a Chapter 380 Reimbursement equal to the amount of increase in Added Taxable Value up to $10,000 (the “Reimbursement”). The Reimbursement shall be paid the tax year following the year in which a certificate of occupancy is issued for the Improvements; provided that: (1) an auto repair business is operating on the Property; (2) a minimum of $10,000 of Added Taxable Value has been added to the Property; (3) the Company is in compliance with Section 1; (4) and the Company has certified in writing on the form provided by the City that the Company is in compliance with the terms and conditions of this Agreement; and (5) the Company has provided the city the following documents for reimbursement: (i) A comprehensive list of ALL permits and fees, copies of all paid permits and fees, detailed description of improvements with itemized costs and paid receipts for completed improvements; and (ii) The Hays County tax assessment records for the year you are applying for as well as the previous year to verify that cost of improvements equals an increase in appraised taxable value for the City of Xxxx; and (iii) Any other information reasonably required by the City to confirm compliance with this Agreement.
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Economic Incentive. Subject to the terms and conditions contained in this Agreement and subject to the Company’s compliance with this Agreement, the City shall pay the Company a Chapter 380 Grant an the amount equal to one dollar for every tax dollar generated as a direct result of the installation of the Improvements on the Property up to a maximum of Ten Thousand and 00/100 Dollars ($10,000.00) (the “Grant”). The Grant shall be paid within forty- five (45) days after completion and issuance of a certificate of occupancy for the Improvements and provision of the following documents; provided the Business is operating on the Property; the Company is in compliance with Section 1; and the Company has certified in writing on the form provided by the City that the Company is in compliance with the terms and conditions of this Agreement: a) A list of all permits and certificates of occupancy for the Improvements; b) The Hays County tax assessments records for the year of the application for the Grant and the year in which the Improvements were included on the tax rolls; c) An affidavit that all contractors and vendors who designed and/or installed the improvements have been paid; and d) Any other information reasonably required by the City to confirm compliance with the Agreement.
Sample 1
Economic Incentive. Intentionally Omitted.
Sample 1
Economic Incentive. If the Co-op meets the annual eligibility criteria, then it shall receive an annual performance grant from the EDA in the following amounts: An amount equal to 100 percent of the local (1 percentage point) of the sales tax revenue generated at the Fredericksburg Store the first five years of its operation (Years 1-5); and An amount equal to 50 percent of the local (1 percentage point) sales tax revenue generated at the Fredericksburg Store the second five years of its operations (Years 6-10). 2.1. If all criteria are met, the annual performance grants will be payable within 90 days of the submission of each annual report. 2.2. The EDA’s obligation to pay this grant is not a general obligation of the City. It is subject to and dependent on appropriations of the grant amount by the City Council for such purpose. The performance grant payments do not constitute a debt or pledge of the full faith and credit of the City.
Sample 1
Economic Incentive. Subject to the terms and conditions contained in this Agreement and subject to the Company’s compliance with this Agreement, the City shall pay the Company a Chapter 380 Grant equal to the amount of increase in Added Taxable Value up to (i) A list of ALL permits and Certificate of Occupancy; and (ii) The Hays County tax assessment records for the year you are applying for as well as for the previous year to verify that cost of improvements equals an increase in appraised taxable value for the City of Xxxx; and (iii) Any other information reasonably required by the City to confirm compliance with this agreement.
Sample 1

Related to Economic Incentive

  • 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.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • 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.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • 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 Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

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