Incentive Fund Sample Clauses

Incentive Fund. In addition to those previously mentioned, supplements may also be granted in the fourth quarter negotiations under the xxxx’x incentive policy on external funding. This policy consists of an instruction to the departments to set aside an amount equal to two percent of the turnover in external funds on normal, well-run projects. The expenses should be indicated in the department budgets and will often be offset by revenue in the form of overhead. The departments are encouraged to adopt a policy that reflects department practice in this area. The funds must promote commitment and quality in carrying out projects, as well as be a motivator for the acquisition of new revenue-generating projects for the department. The funds can be awarded to all employees who have demonstrated performance beyond what is normally expected in the creation and execution of projects. The funds can be triggered as a one-off bonus to employees on the project, as function-based supplements related to the project, or as extra funds in the annual grant to a single person dedicated to the project, or jointly, for example, as extra annual grant funds to the research group. The incentive fund is distributed by agreement between the department head, project manager and union representative, and with approval from the xxxx. A prerequisite for the disbursement of these funds is that they can be accommodated within the department’s budget. After the second follow-up period, the management decides what will be paid out as a one-off bonus in the year concerned based on the department and faculty financial situation. The incentive fund is not part of the ordinary wage-setting, but recognition of a targeted result for an external project.
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Incentive Fund. Alien will create an “Incentive Fund” (“IF”) for the ECG, which shall be distributed according to the terms and conditions in this Exhibit.
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Incentive Fund. Effective with the date of this Agreement, there shall be created an Employee Incentive Fund ('Fund') for full-time and part-time employees, employed in class stores covered by Appendix "E". Employer obligations for the store shall commence on the first sales day following the opening or conversion date of the store. The amount of Employer contribution for the store shall be one percent (1 of the store's total for the contribution year, subject to adjustment as follows:
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Incentive Fund. Providing Incentive Grants to the Participating States for the purpose of carrying out Incentive Sub-projects for, inter-alia, strengthening vocational training in such states, conducting short-term and medium-term training programs in emerging areas requiring specialized skills, strengthening training facilities in non-Project ITIs, and translating instructional packages into regional languages as required.
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Incentive Fund. For the purpose of implementation of Part 1(iii) of the Project, the Recipient, through MoLE, shall cause NSC to:
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Related to Incentive Fund

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Incentive Fee The Incentive Fee shall consist of two parts, as follows:

  • 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.

  • 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.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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