Incentive Payment to the Company Sample Clauses

Incentive Payment to the Company. The Company agrees to construct the New Office Building to provide for the retention and expansion of an office and associated operations and workforce within the City. In consideration of the Company’s agreement to construct the New Office Building and retain existing and create new jobs and employment opportunities within the City, the City agrees to provide to the Company a retention incentive (the “Retention Incentive”) in the aggregate amount of Five Thousand and 00/100 Dollars ($5,000.00), payable to the Company within thirty (30) days following the occurrence of (A) the issuance by the City of a certificate of occupancy for the New Office Building, which the City agrees that it will not unreasonably withhold, condition or delay and (B) the occupancy of the New Office Building by the Company to provide for the retention and expansion of the Company’s office and associated operations and workforce within the City in a manner consistent with this Agreement.
Sample 1
AutoNDA by SimpleDocs
Incentive Payment to the Company. The Company agrees to execute the Lease for the retention of an office and associated operations and workforce within the City. In consideration of the Company’s agreement to execute the Lease and to retain that office and retain employment opportunities within the City, the City agrees to provide to the Company a Retention Incentive (the “Retention Incentive”) in the amount of Thirty Thousand and 00/100 Dollars ($30,000.00), payable to the Company within thirty (30) days following the occurrence of (A) the Company’s execution of the Lease and provision to the City of documentation in support thereof and (B) the occupancy of the space described in the Lease to retain the Company’s office and associated operations and workforce within the City in a manner consistent with this Agreement.
Sample 1
Incentive Payment to the Company. The Company agrees to execute the Lease and locate an office and associated operations and workforce, all within the City. In consideration of the Company’s agreement to execute the Lease and to locate that office and create additional employment opportunities within the City, the City agrees to provide to the Company a Location Incentive (the “Location Incentive”) in the aggregate amount of Forty Thousand Dollars ($40,000), payable to the Company within thirty (30) days following the occurrence of (A) the Company’s execution of the Lease and provision to the City of documentation in support thereof and (B) the location of an office and associated operations and workforce within the City in a manner consistent with this Agreement.
Sample 1
Incentive Payment to the Company. The Company agrees to acquire a facility within the City for the location of an office and associated operations and workforce within the City. In consideration of the Company’s agreement to locate that office and create additional employment opportunities within the City, the City agrees to provide to the Company a Location Incentive (the “Location Incentive”) in the aggregate amount of Thirty Thousand and 00/100 Dollars ($30,000.00), payable to the Company within thirty (30) days following the occurrence (to the City’s reasonable satisfaction) of (A) the Company’s acquisition of a facility located within the City and provision to the City of documentation in support thereof and (B) the issuance of a certificate of occupancy for the facility after any required improvements and/or renovations thereto are completed by the Company, which certificate will not be unreasonably withheld by the City.
Sample 1

Related to Incentive Payment to the Company

  • 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 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.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • Longevity Compensation Longevity payments will be made to all employees hired prior to January 1, 1999 with continuous full-time service according to the following schedule:

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Wellness Incentive Employees participating in the State’s medical plan and who meet the wellness criteria established by the State, in consultation with the Union, shall receive a reduction in medical insurance co-share payments up to a maximum of $500 per year. The earned reductions in medical insurance co-share payments shall be awarded to active employees in FY 2009 or the fiscal year following the employee’s participation in the wellness activities. The Wellness Incentive program will integrate preventative and wellness behaviors into the medical plan. Examples of possible activities include completion of the Health Assessment, obtaining a primary care physician, wellness coaching programs, preventive screenings, non-smoker or completion of smoking cessation program, and/or participation in a program that measures key points in assessing an individual’s overall health.

  • Education Incentive Pay An employee shall be entitled to receive educational incentive pay as follows:

  • 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

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

Time is Money Join Law Insider Premium to draft better contracts faster.