Incentive Based Compensation. You are eligible for an annual target cash bonus (“Target Bonus”) equal to 35% of your Base Salary. Your target bonus as a percentage of Base Salary may, at the discretion of the Board, be periodically reviewed for increase. After any such increase, the term “Target Bonus” as used herein shall thereafter refer to the increased amount. The Target Bonus shall not be reduced at any time without your express prior written consent.
Incentive Based Compensation. Incentive-based compensation is any compensation that is granted, earned or vested based wholly or in part upon the attainment of a financial reporting measure.
Incentive Based Compensation. Xxxxxxxxxxx shall participate with other senior executive officers of the Corporation in the Corporation's incentive-based bonus plan.
Incentive Based Compensation. On an annual basis, Sxxxxxx shall be eligible to receive additional compensation contingent upon the Company’s financial performance and Sxxxxxx’x performance in providing services to the Company (“Incentive Based Compensation”). The decision whether to pay any Incentive Based Compensation to Sxxxxxx, and the dollar value of such Incentive Based Compensation, shall be determined in the sole discretion of the Board on an annual basis, with input from the Company’s Compensation Committee.
Incentive Based Compensation. The Board agrees to budget an amount not to exceed $10,000 annually during each year of this Contract which may be used for incentive-based compensation for the Superintendent. The Board and Superintendent shall determine annually the goals to be achieved by the Superintendent in order to receive said incentives, Said goals shall be reduced to writing in the form of a resolution to be approved by the Board in its regular course of business.
Incentive Based Compensation. The parties agree as set forth in Schedule 11.3(i) with respect to Incentive-Based Compensation.”
Incentive Based Compensation. The Publisher and the Artist recognize the extreme importance of timely delivery of the Artwork. As a result, the Publisher wishes to offer incentives to encourage timely delivery of Artwork. Commencing April 1, 1998, provided that:
1. The Company's Consolidated Operating Margin exceeds a 23% Consolidated Operating Margin (as determined in accordance with GAAP), AND 2. Artist delivers all Artwork at least twelve (12) weeks ahead of each of the Company's scheduled release date during that fiscal year, then Artist shall receive 25% of any additional Consolidated Operating Margin in excess of the 23% Consolidated Operating Margin. For example, should the Company achieve a 27% Consolidated Operating Margin, and should Artist deliver all Artwork on time, Artist shall receive 1% of the Consolidated Operating Margin, calculated and payable 20 days from the last day of each quarter in which such additional Consolidated Operating Margin is earned, as determined in accordance with GAAP.
Incentive Based Compensation. The University shall pay Coach Xxxxx the following incentive based compensation if the following events, as outlined in the chart below, occur during the Term of this Agreement: Gate receipts exceed $2,000,000 $ 25,000 Gate receipts exceed $2,250,000 $ 35,000 Gate receipts exceed $2,500,000 $ 45,000 Gate receipts exceed $3,000,000 $ 75,000 Pac-12 regular season champion or co-champion $ 50,000 Top 4 finish (determined by Pac-12 tournament seeding) $ 35,000 Pac-12 conference winning record $ 20,000 Pac-12 tournament champion $ 25,000 NCAA tournament berth $ 25,000 NCAA tournament first 4 win $ 25,000 NCAA Tournament per win (other than first 4) $ 50,000 Conference Coach of the Year $ 25,000 National Coach of the Year: Naismith or NABC $ 50,000 National Ranking (Top 25) Any point of season after Jan. 1 $ 10,000 Finish Top 25 $ 25,000 Finish Top 10 $ 50,000 950 $ 20,000 970 $ 30,000 990 $ 50,000
Incentive Based Compensation. The Board agrees to budget an amount not to exceed $10,000 annually during each year of this Contract which may be used for incentive-based compensation for the Superintendent. The Board and Superintendent may determine annually the goals to be achieved by the Superintendent in order to receive said incentives. Said goals shall be reduced to writing in the form of a resolution to be approved by the Board in its regular course of business. [The amount shall be deposited into the Superintendent’s 403(b) or 457(b) accounts at the Superintendent’s discretion and subject to contribution limits or, if contributed to a 401(a) or VEBA plan, subject to proper contribution language without election by the Superintendent.]
Incentive Based Compensation. Provided Executive is employed as of December 31 in a year for which incentive based compensation is to be paid, Executive shall be eligible to receive incentive based compensation (the “Incentive Based Compensation”) pursuant to the terms of an incentive plan to be established and approved by the Compensation Committee for each year of the Term (the “Annual Incentive Plan”). For calendar year 2024 of the Term, the Annual Incentive Plan shall be established and approved on or before May 31, 2024. For all other years of the Term, the Annual Incentive Plan shall be established on or before March 31 of the year to which the Annual Incentive Plan applies. Each Annual Incentive Plan shall be provided to Executive promptly following its approval. Incentive Based Compensation earned pursuant to an Annual Incentive Plan shall be paid to Executive on or before February 28 of the year following the year in which the Incentive Based Compensation was earned.
