Incentive Compensation Calculation Sample Clauses

Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing ratio expressed as a percentage ("IGSR") for the fiscal year, the result multiplied by the Entitled Percent. The ISGR is determined with reference to the following table: INCOME GROWTH SHARING RATIO Income Before Tax and Incentive Compensation Less as a % of Revenues than 5%* 5%-9.99%* 10%-14.99%* 15%-24.99%* Over 25%* ------------------ -------- --------- ----------- ----------- --------- 0 - 8.99% 0 0 0 .2% .3% 9.00% - 14.99% .3% .4% .5% .6% .7% 15.00% - 19.25% .5% .6% .8% 1.0% 1.2% Over 19.25% .8% 1.0% 1.3% 1.6% 1.8% *IBTIC Growth Rate ISGR is determined by first determining the IBTIC as a percent of revenue for the current fiscal year and then entering the table along that line until the appropriate IBTIC Growth Rate is reached; the ISGR is shown at that intersection in the table. For purposes of this table, IBTIC Growth Rate for each applicable fiscal year is derived from the following formula: IBTIC[Current Fiscal Year] minus 1 x 100 -------------------------- IBTIC[Prior Fiscal Year] In the event that either the IBTIC Growth Rate or the IBTIC, as computed above, is zero or negative for a particular fiscal year, it shall be treated as zero for purposes of the foregoing computation for such year.
Sample 1
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Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing ratio expressed as a percentage ("IGSR") for the fiscal year, the result multiplied by the Entitled Percent. The ISGR is determined with reference to the following table:
Sample 1
Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing INCOME GROWTH SHARING RATIO Income Before Tax and Incentive Compensation Less as a % of Revenues than 5%* 5%-9.99%* 10%-14.99%* 15%-24.99%* Over 25%* ------------------ -------- --------- ----------- ----------- --------- 0 - 8.99% 0 0 0 .2% .3% 9.00% - 14.99% .3% .4% .5% .6% .7% 15.00% - 19.25% .5% .6% .8% 1.0% 1.2% Over 19.25% .8% 1.0% 1.3% 1.6% 1.8% *IBTIC Growth Rate ISGR is determined by first determining the IBTIC as a percent of revenue for the current fiscal year and then entering the table along that line until the appropriate IBTIC Growth Rate is reached; the ISGR is shown at that intersection in the table. For purposes of this table, IBTIC Growth Rate for each applicable fiscal year is derived from the following formula: IBTIC [Current Fiscal Year] --------------------------- minus 1 x 100 IBTIC [Prior Fiscal year] In the event that either the IBTIC Growth Rate or the IBTIC, as computed above, is zero or negative for a particular fiscal year, it shall be treated as zero for purposes of the foregoing computation for such year.
Sample 1
Incentive Compensation Calculation. Executive's Incentive Compensation shall be calculated as the sum of the following three (3) calculations within this paragraph 3(c)(iii):
Sample 1
Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of TGI revenues for the applicable fiscal year multiplied by the income growth sharing ratio expressed as a percentage ("IGSR") for the fiscal year, the result multiplied by the Entitled Percent. The ISGR is determined with reference to the following table: INCOME GROWTH SHARING RATIO Income Before Tax and Incentive Compensation Less as a % of Revenues than 5%* 5%-9.99%* 10%-14.99%* 15%-24.99%* Over 25%* ------------------ -------- --------- ----------- ----------- --------- 0 - 8.99% 0 0 0 .2% .3% 9.00% - 14.99% .3% .4% .5% .6% .7% 15.00% - 19.25% .5% .6% .8% 1.0% 1.2% Over 19.25% .8% 1.0% 1.3% 1.6% 1.8% *IBTIC Growth Rate ISGR is determined by first determining the IBTIC as a percent of revenue for the current fiscal year and then entering the table along that line until the appropriate IBTIC Growth Rate is reached; the ISGR is shown at that intersection in the table. IBTIC[Current Fiscal Year] -------------------------- minus 1 x 100 IBTIC[Prior Fiscal Year] In the event that either the IBTIC Growth Rate or the IBTIC, as computed above, is zero or negative for a particular fiscal year, it shall be treated as zero for purposes of the foregoing computation for such year.
Sample 1
Incentive Compensation Calculation. In consideration of the Employee's execution, delivery and performance of this Agreement, on the Incentive Compensation Payment Date (a) if the Incentive Compensation Calculation Date occurs on a date referred to in clause (i), (iv) (v), (vi) or (vii) of Section 3.1(e), the Company shall pay to the Employee an amount in cash equal to (i) the Annualized Fee Revenues multiplied by 2.75, less (ii) the Asset Acquisition Consideration (as defined in the Asset Acquisition Agreement) valued as of the Measurement Date (as defined in the Asset Acquisition Agreement; such amount being hereinafter referred to as the "Full Term Incentive Compensation"); and (b) if the Incentive Compensation Calculation Date occurs on a date referred to in clause (ii) or (iii) of Section 3.1(e), the Company shall pay to the Employee or the Employee's estate, as
Sample 1

Related to Incentive Compensation Calculation

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Cash 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 initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Base Salary and Incentive Compensation The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

  • 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.

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

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