Incentive Funds Sample Clauses

Incentive Funds. ‌ Funding identified in the yearly MOU can be a carryover from incentive funds, additional funding provided to the ACCMP, or any funds directed towards the ACCMP. The parties agree to financial risk sharing, with commitments to support programs with earned incentive funds and carryover when monies are available. For this reason, the ACCMP projects a conservative yearly budget based on available resources. ACCMP Bylaws 2023-2024FY
Sample 1
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Incentive Funds. WMCEDC agrees to provide Four Million Dollars ($4,000,000.00) (the "Incentive Funds") to XXXXXXX-XXXXXXXX to pay for or reimburse a portion of XXXXXXX-XXXXXXXX' costs of relocating its operations in McLennan County, Texas to a new facility located at Lot 2, Block 2, Xxxxxxxxx Farms Addition to the City of Waco, Texas, being 48.98 acres of land in Waco, McLennan County, Texas 76705 [(the "Facility") Plat attached hereto as Exhibit "B"). The Incentive Funds will be disbursed on a pro rata basis after XXXXXXX-XXXXXXXX has certified stages of completion of its real and personal property improvements and confirmed its job retention requirements as set forth in this Agreement. This Agreement is based on real and personal property improvements and investments at the Facility by XXXXXXX-XXXXXXXX; and, based on retention of presently existing full-time jobs by XXXXXXX-XXXXXXXX. The Application for Economic Development Incentives or Assistance prepared by XXXXXXX-XXXXXXXX is attached hereto as Exhibit "A" and incorporated herein by reference as if fully copied and set forth at length. The Application for Economic Development Incentives or Assistance prepared by XXXXXXX-XXXXXXXX contains representations by XXXXXXX-XXXXXXXX that are relied upon by WMCWDC in entering into this Agreement.
Sample 1

Related to Incentive Funds

  • 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 Fee In the event that the actual costs for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.

  • 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 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • 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 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 (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) 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: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • 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.

  • 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.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

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