Incentive Income Clause Samples
The Incentive Income clause defines how additional compensation, often based on performance or achievement of specific targets, is calculated and distributed. Typically, this clause outlines the criteria for earning incentive payments, such as meeting sales goals, project milestones, or profitability thresholds, and specifies the timing and method of payment. Its core practical function is to motivate parties to achieve desired outcomes by providing a clear framework for earning and receiving extra income beyond base compensation.
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Incentive Income. Subject to the approval of the Athletics Director, the merit incentives listed in Appendix A will be awarded to Coach, but only if the most recent (i.e., previous four-year academic data) multi- score is 930 or higher (in accordance with NCAA standard, which may be adjusted by the NCAA) and if the applicable event listed in Appendix A employment, and Coach is actively performing duties for the Team at the time such event occurs. The Director of Academic Services, or his/her designee will verify the Team multi-year APR score. Payments of amounts earned under this Section 3.1.7 shall be made achievement(s). All such payments will be subject to withholding for applicable income and employment taxes and other appropriate deductions in accordance with the
Incentive Income. The Partnership shall maintain, in accordance with this Section 4.2, books and records reflecting, for each Partner, a sharing percentage in the Incentive Income derived from each Fund (a “Incentive Sharing Percentage”). In connection with any change in the number or composition of Interests outstanding or the ownership thereof, including in connection with any Membership Transaction and such other events that would cause a change in the Percentage Interests of the Partners, the Incentive Sharing Percentage of each Partner shall be adjusted in such a manner as the General Partner determines to be consistent with the Partners’ respective economic interests in the Incentive Income, taking into account such change and the terms and conditions of such Interests. All determinations of Incentive Sharing Percentages shall be made on a Fund-by-Fund basis, and thus it may be possible for a Partner to have an Incentive Sharing Percentage with respect to some Funds but not others.
Incentive Income. Subject to the approval of the Athletic Director, the merit incentives listed in Schedule 3.6 will be awarded to Coach, but only if the most recent (i.e., previous four-year academic data) m ulti-year Team Academic Progress Rate ("APR") score is 930 or higher (in accordance with NCAA standard, which may be adjusted by the NCAA) and if the applicable event listed in Schedule 3.6 occurs during Coach's employment as coach, and Coach is actively performing their duties as Head Coach for the Team at the time such event occurs. The Associate Athletics Director for Academic Services, or their designee will verify the Team multi-year APR score. Payments of amounts earned under this Section 3.6 shall be made not later than the June 30 following completion of the season and/or post-season in which they were earned, so to provide adequate time for the University to calculate the various benchmarks mentioned therein. All such payments shall be subject to withholding for applicable federal, state and local income and employment taxes.
Incentive Income. The following merit incentives will be awarded to Coach if the most recent (previous four-year academic data) multi-year Team Academic Progress Rate (APR) score is 930 or higher (in accordance with NCAA standard, which may be adjusted by the NCAA) and if the applicable event listedin Sections 3.
1.9.1 through 3.1.
Incentive Income. Subject to the approval of the Athletic Director, the merit incentives listed in Appendix A will be awarded to Coach, but only if the most recent (i.e., previous four-year academic data) multi-year Team Academic Progress Rate ("APR") score meets NCAA standard (which presently is 930, and which may be adjusted by the NCAA) or higher, and ifthe applicable event listed in Appendix A occurs during Coach's employment as coach, and Coach is actively performing her duties as Head Coach for the Team at the time such event occurs. The Associate Athletics Director for Academic Services, or his/her {00740813-4} ▇▇▇▇▇▇ ▇▇▇▇▇▇, Head Tennis Coach Contract Page 2 designee, will verify the Team multi-year APR score. Payments of amounts earned under this Section 3.5 shall be made not later than the June 30 following completion of the season and/or post-season in which they were earned, so to provide adequate time for the University to calculate the various benchmarks mentioned therein. All such payments shall be subject to withholding for applicable federal, state and local income and employment taxes.
Incentive Income. In addition to base salary, the Company will pay to the Executive additional monthly compensation equal to three percent (3%) of net sales revenue received by the Company and its subsidiary Guru Denim, Inc. during the month immediately preceding payment, calculated monthly. For purposes of this Section 10.2, net sales revenue means income from sales of goods and services by Guru Denim, Inc., minus the cost associated with things like returned or undeliverable merchandise, bad debts and costs of collection (including factoring costs and the costs of borrowing money to cover for bad debts and aged receivables).