INCENTIVE AND BONUS PROGRAMS Sample Clauses

INCENTIVE AND BONUS PROGRAMS. 3 (1) Longevity Recognition: After completing fifteen (15) continuous years of employment, 4 excluding outside credit, an employee shall receive an additional supplement of $150.00 within 5 thirty days from the fifteenth anniversary date and on the first pay period for the employee each 6 fiscal year thereafter. After completing twenty (20) continuous years of employment, excluding 7 outside experience credit, an employee shall receive an additional supplement of $700.00 within 8 thirty days from the twentieth anniversary date and on the first pay period for the employee each 9 fiscal year thereafter. After completing twenty-five (25) continuous years of employment, 10 excluding outside experience credit, an employee shall receive an additional supplement of 11 $950.00 within thirty days from the twenty-fifth anniversary date and on the first pay period for 12 the employee each fiscal year thereafter.
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INCENTIVE AND BONUS PROGRAMS. The District, with input from the SPALC 44 Labor/Management Committee, will develop and implement a system for awarding all incentive and 45 bonus programs that is in compliance with applicable laws. Availability of funding may impact the 46 continuation of incentive and bonus programs.
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INCENTIVE AND BONUS PROGRAMS. The District, with input from the TALC 6 Labor/Management Committee, will develop and implement a system for awarding all incentive and 7 bonus programs that is in compliance with applicable laws. Availability of funding may impact the 8 continuation of incentive and bonus programs.
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INCENTIVE AND BONUS PROGRAMS. The District, with input from the TALC
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Related to INCENTIVE AND BONUS PROGRAMS

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • 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.

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be thirty-five percent (35%) of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • 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.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

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