Handback Plan Sample Clauses

Handback Plan. Developer shall prepare a Handback Plan that contains the methodologies and activities to be undertaken or employed to meet the Handback Requirements at the end of the Term. Developer shall submit the Handback Plan, including a Residual Life Methodology plan, to TxDOT for review and approval at least 60 months before the anticipated Termination Date.
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Handback Plan. 19.13.1 The Manager and GEPB shall meet no later than twelve (12) months before the end of the Initial Contract Period or reduced Initial Contract Period as determined in accordance with Clause 4.3.8 to discuss and seek to agree on a plan determining the practical modalities for the taking over of the operations of the Terminal by GEPB including the Successor Manager (or any third party designated by GEPB) (the "Handback Plan"). 19.13.2 The Handback Plan shall include a training programme for GEPB's personnel and shall set a schedule for delivery of the documents listed in Schedule 12. 19.13.3 The discussions of the Manager and GEPB relating to the Handback Plan shall be duly documented by the Manager who shall submit to GEPB for approval (such approval not to be unreasonably withheld or delayed) minutes thereof as well as a draft Handback Plan no later than ten (10) days following the date on which such discussions occurred or on which the Handback Plan was agreed (as applicable).
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Handback Plan. Maintenance Contractor shall prepare a Handback Plan in accordance with Section 4 of Exhibit 2.
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Handback Plan. ‌ 1. Contractor shall submit for Review, as stated in Section 3.2, a Handback Plan that defines how the Contractor will achieve the requirements for handback as detailed in Section 18 of this specification.
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Related to Handback Plan

  • Incentive Plan During the Term, the Employee shall be eligible for incentive compensation in accordance with the following incentive plan (the “Incentive Plan”). Shortly after the beginning of each calendar year, the Company’s Board of Directors will establish a target of the Company Net Income (as defined below) for such calendar year (the “Annual Net Income Target”). In no event shall Employee earn any amount under the Incentive Plan for any calendar year during the Term unless the actual Company Net Income for such calendar year equals or exceeds ninety percent (90%) of the Annual Net Income Target for such calendar year. The threshold referred to in the immediately preceding sentence shall hereinafter be referred to as the “Annual Net Income Threshold.” For all purposes of this Employment Agreement, “Company Net Income” shall mean the net income of the Company and its subsidiaries on a consolidated basis, determined in accordance with generally accepted accounting principles consistently applied, as adjusted to exclude (x) any extraordinary non-cash or nonrecurring non-cash charges or losses incurred by the Company and its subsidiaries other than in the ordinary course of business, including but not limited to losses or expenses resulting from redemptions or repayments of indebtedness, or modifications or amendments of the Company’s credit facility, in each case net of related tax benefit, and (y) other appropriate items as determined by the Board of Directors or the Executive Compensation Committee of the Board of Directors (the “Compensation Committee”). The amount payable under the Incentive Plan to Employee for each full calendar year during the Term shall equal the Base Salary actually paid to the Employee for such calendar year multiplied by the sum of the Department Performance Percentage and the Company Performance Percentage (as determined below) for such calendar year. Not later than March 15 of each calendar year, the maximum percentages for each of the Department Performance Percentage (the “Department Maximum Performance Percentage”) and the Company Performance Percentage (the “Company Maximum Performance Percentage”) shall be established by the Compensation Committee for such calendar year within a range of forty percent (40%) and sixty percent (60%); provided that the sum of such percentages shall equal one hundred percent (100%) each calendar year. If the Compensation Committee shall not timely establish either or both of the Department Maximum Performance Percentage or the Company Maximum Performance Percentage for the calendar year 2008, each of such percentages shall be fifty percent (50%). If the Compensation Committee shall not timely establish either or both of the Department Maximum Performance Percentage or the Company Maximum Performance Percentage for any future calendar year during the Term, the respective percentages that were applicable for the prior calendar year shall apply for such calendar year. The sum of the Department Performance Percentage and the Company Performance Percentage for each calendar year shall be referred to herein as the “Incentive Percentage.” For each calendar year the maximum Incentive Percentage shall be one hundred percent (100%).