Financial Incentive Sample Clauses

A Financial Incentive clause establishes the terms under which one party offers monetary rewards or benefits to another party, typically to encourage specific behaviors or performance. This clause may outline the conditions that must be met to qualify for the incentive, such as achieving sales targets, meeting project deadlines, or maintaining certain standards of service. Its core practical function is to motivate desired actions or outcomes by providing a clear, contractual basis for additional compensation, thereby aligning the interests of the parties and promoting goal achievement.
Financial Incentive. On the last pay date of each subsequent month, an employee will be paid a financial incentive of 25¢ per hour for the prior month if the employee used - no sick (other than for bereavement as provided for in Section 4., B.), personal, or unpaid leave time that prior month.
Financial Incentive. On the first pay date following the end of each quarter (October, January, April, July), an employee will be paid a financial incentive of $75 for the prior quarter if s/he did not use more than one (1) sick, personal, or unpaid leave (other than the union leave provided for in Section 8., E.) days during the prior quarter.
Financial Incentive. As a result of this described outreach campaign that demonstrates future success of community partnership goals and increased uptake in the Energize Connecticut energy efficiency programs outlined above, the Town of Fairfield has thus qualified for the receipt of $10,000.00 (the “Financial Award”) for their outreach campaign. These funds shall be paid to the Town of Fairfield upon execution of this MOU and proper invoicing. The funding must be spent on their outreach campaign, with receipts for expenses turned in with monthly reports and a description of estimated future expenditures must be approved through each monthly report. The Town of Fairfield must coordinate with the UI point of contact to provide necessary information to proceed with payment. Required documents/information include a W-9, tax exempt certification (demonstrating that the Town of Fairfield is tax-exempt and thus a qualified entity for the purposes of this initiative), mailing address, made payable to information, etc. United Illuminating Companywill use this information to issue payment. The funding of the Financial Award for the Term will be paid to the Town of Fairfield by UI upon execution and return of MOU and subsequent processing. The invoice should be submitted on Town of Fairfield letterhead and include the following information: • Invoice Number: • Prepared By: • Date: • Project: Town of Fairfield and Town of Fairfield Sustainable Task Force Partnership FundingDescription of Award: • Total Amount: • Information on Payment Remittance:
Financial Incentive. (a) Microsoft will pay Yahoo! a [*] after the satisfaction of the conditions in Section 2(c) of this Fifth Amendment or the satisfaction of the conditions in Section 2(d) of this Fifth Amendment and the second sentence of Section 2(d)(A) of this Fifth Amendment. (b) This payment due under Section 3(a) of this Fifth Amendment is outside the [*]. It does not raise the [*], increase [*] or [*], or otherwise get incorporated into the calculation of the [*].
Financial Incentive agrees to To assist teachers in pursuing their professional growth programs, the Board assist the cost hereof by the following: Teachers will be reimbursed for coursework, seminars, and workshops, upon proof of completion. Reimbursement shall not apply to hours taken through a program by which a teacher received a subsidy from other sources, i.e., National Science Foundation, National Defense Education Act, etc. A. If a university uses a pass/fail system, the teacher must have received a "pass" grade from the university. B. If the university uses an "A, B, C" or similar type of system, the teacher must have received no less than a "B" grade from the university. C. If a university has a system whereby it uses neither of the above, but instead uses a system whereby it gives grades for the amount of work having been completed and credits earned, the school district will give tuition reimbursement and credit on the salary scale according to that university's requirements and recognized accomplishments. D. Reimbursement shall apply while on a leave of absence.
Financial Incentive i. If eligible, the resident will receive a $500 account credit in the Fall Semester and a $500 account credit in the Winter Semester for a potential total of $1,000 incentive for the Academic Year. ii. Each $500 credit will be posted to the eligible resident account after census day of the applicable semester.
Financial Incentive. Tenant shall pay the sum of Twenty Five Thousand Dollars ($25,000.00) to Landlord, on or before 1 July 1996, as an incentive to cause the current tenant of Suite D to vacate.
Financial Incentive. 1. A teacher's tuition shall be reimbursed by the Board on a one-time basis, to a maximum of four hundred dollars ($400.00) per credit hour for courses successfully completed with at least a grade of "B" or the equivalent, in an accredited institution if such courses are approved in advance by the Superintendent of Schools. At the discretion of the Superintendent, the grade requirement may be waived. Such reimbursement shall be made each September for courses completed before that September first, to teachers returning during that school year, upon presentation of a transcript and documentation of payment. Notwithstanding the foregoing, reimbursement will be made to teachers who do not return during the school year due to death, disability, or termination because of elimination of teaching position, as long as tuition was paid by the teacher prior to notice of such elimination. In each year school year during the term of this Agreement, the Board shall designate twenty-five thousand dollars ($25,000.00) per school year for tuition reimbursement pursuant to this section. 2. Course reimbursement forms as described by the Board, must be filed with the Superintendent prior to the commencement of the course if reimbursement is requested. An approved class and/or course of studies does not constitute consent for reimbursement. An approved class and/or course of studies does not constitute notice of intent to advance on the salary schedule. 3. In order to be eligible for such reimbursement, a teacher must submit documentation of his/her intent to seek course reimbursement by February 1st of the fiscal year preceding the year for which reimbursement is anticipated.
Financial Incentive. The Parties expressly understand and agree that the for-profit component of the Project (i.e., the Medical Office Building included in Phase 2A (the “For-Profit Component”) would not have been undertaken in its intended scope without the provision of financial incentives from the Borough. Redeveloper specifically represents and warrants that it would not have undertaken construction of the Medical Office Building and related amenities associated thereto without financial incentives from the Borough. Subject to compliance with applicable law, including
Financial Incentive. On the last pay date of each subsequent month, an employee will be paid a financial incentive of .40¢ per hour for the prior month if the employee used – no sick (other than for bereavement leave as provided for in Article 6.), personal, or unpaid leave time that prior month). On the last pay of the month following each tri identified below, an employee will be paid a financial incentive of 20¢ per hour for the prior tri if the employee did not use more than one (1) sick (other than for bereavement leave as provided for in Article 6,.), personal, or unpaid leave day that prior tri. 1st Tri Sept – Nov (plus any workday in July and August) 2nd Tri Dec - Feb 3rd Tri March – May (plus any workdays in June) Incentive will be paid out on actual hours worked. Absences, and sick leave if used, shall not be counted against an employee in terms of eligibility for or calculation of the above financial incentive for matters directly pertaining to the following: Injury covered under Workers’ Compensation: Jury duty of the employee; Work-related subpoena received by the employee; Association Leave; Bereavement Leave. In order to waive such an absence in relation to the financial incentive, the employee must supply proper documentation to management prior to the absence. Should any cafeteria employee be called for work beyond his/her regular schedule, except as extension of the regular work hours, the employee shall be paid for a minimum of two (2) hours. Professional Development Stipend – All food service employees completing ▇▇▇▇▇ ▇ of the SNA training program for school food service employees and earning and maintaining SNA certification, shall receive a thirty-five cent (35¢) per hour increase. Such wage increase will be paid in semi-monthly pay checks based on the total hours paid during the pay period. There shall be no stipend for employees completing said training or certification on or after January 1, 2005. Van Driver: The Van Driver rate is for driving time exclusive of any time spent traveling to the beginning of the driving assignment or from the end of the driving assignment.