Incentive Amount. If selected to receive an incentive under this program, the ASF Member will receive a lump-sum payment of three-thousand ($3,000) less normal withholdings and deductions. This lump-sum payment shall not be added to base. ASF Members at the top of the salary schedule are not excluded from receipt of this incentive.
Incentive Amount. 8.17.2.1 An eligible retiring full-time unit member will receive one hundred (100) percent of the difference between the first step of his/her classification, and the classification range and step of the retiring unit member. Longevity and shift differential shall be included in the calculation. A part-time unit member shall receive a prorated amount.
Incentive Amount. An annual amount equal to fifteen percent (15%) of the Adjusted Gross Operating Profit up to the Profit Target and twenty five percent (25%) of the Adjusted Gross Operating Profit in excess of the Profit Target.
Incentive Amount. An amount payable to the Managing General Partner during the life of the Partnership for services rendered to the Partnership. The Incentive Amount shall be calculated in accordance with Section 12.03 hereof.
Incentive Amount. During the Partnership's existence, the Managing General Partner will be paid a nonaccountable Incentive Amount for services rendered to the Partnership, equal to 1.25% of all Partnership net Revenues, except that for the first 12 months after the Partnership's Formation Date, the Incentive Amount will instead be an amount equal to 1.5% of SDI Subscriptions. For the purpose of determining the Incentive Amount hereunder, net Revenues shall mean Revenues received under Net Profits Agreement or under Nonoperating Interests held outside of any Net Profits Agreement. The Incentive Amount will be payable solely out of 50% of the Partnership's first Revenues in each period.
Incentive Amount. Employees who separate or retire from their employment with the District under this VESI will receive an incentive payment based on their years of service with the District. The amount of the incentive payment will be equal to the corresponding percentage of their 2020-2021 annual base salary, up to a maximum amount of $25,000. This annual base pay amount will include any “across the board” regional pay authorized by the Legislature for Classified employees, but excludes any other additional incentives including, but not limited to, pay for temporary assignments/duties, scheduled/anticipated overtime, etc. Years of Service with the Seattle Colleges District Separation Payment (as a percentage of 2020-2021 annual base salary) At least But not more than 0 years 3 years 00.0% 3 years 4 years 10.0% 4 years 6 years 15.0% 6 years 8 years 20.0% 8 years 11 years 25.0% 11 years 14 years 30.0% 14 years 17 years 35.0% 17 years 21 years 40.0% 21 years 25 years 45.0% 25 years or greater 50.0%
Incentive Amount. If a Sale of the Company occurs, the Company shall pay to the Executive an Incentive Amount in an amount equal (before withholding of taxes) to $_____; provided that the Executive has remained an Employee in Good Standing of the Company from the date of this Agreement through the Payment Date (as defined below). The Incentive Amount shall be payable to the Executive in a single lump cash payment upon the third anniversary of the Sale of the Company (the “Payment Date”). The Incentive Amount shall be excluded from benefit pay and/or compensation under the Company’s applicable employee benefit plans.
Incentive Amount. If a Sale of the Company occurs, the Company shall pay to the Executive an Incentive Amount in an aggregate amount equal (before withholding of taxes) to $ , which shall be payable in accordance with the payment schedule set forth in Exhibit A; provided that the Executive has remained an Employee in Good Standing of the Company from the date of this Agreement to the applicable payment dates set forth in Exhibit A. The Incentive Amount shall be excluded from benefit pay and/or compensation under the Company’s applicable employee benefit plans.
Incentive Amount. An additional One Hundred Fifty Thousand Dollars ($150,000) (the “Incentive Amount”) shall be included in the Closing Payment transferred by Parent at or before the Effective Time in accordance with Section 3.01(a), provided the Closing occurs on or prior to October 24, 2005. For purposes of clarification, if the Closing occurs after October 24, 2005, the Closing Payment transferred by Parent will include only the Base Purchase Price.
Incentive Amount. In consideration for the Executive remaining an employee of the Company through the Closing and to provide additional compensation to Executive for his past service to the Company, if the Executive remains employed by the Company through and until the Closing,, then, upon the completion of the Closing, the Company shall pay to Executive within five (5) business days immediately following the Closing, a single lump sum payment in the amount of ___________________________________________________ dollars ($_________________________) (the "Incentive Amount"), payable 50% in cash and 50% in Shaw Xxxck. The number of shares of Shaw Xxxck paid shall be determined based upon the closing price of a share of Shaw Xxxck on the New York Stock Exchange, Inc. on the date of the Closing, as reported by the Wall Street Journal, published on the next business day after the date of the Closing. Executive and the Company understand that no amount shall be payable to the Executive pursuant to this Agreement in the event that the Closing is never completed and effectuated or the Merger Agreement is terminated.
