Incentive Plan Administration Sample Clauses

The Incentive Plan Administration clause defines who is responsible for managing and overseeing the operation of an incentive plan within an organization. Typically, this clause designates a committee or specific individuals to interpret plan rules, determine eligibility, and approve awards or payouts. By clearly assigning administrative authority, the clause ensures consistent application of the plan and resolves any disputes or ambiguities regarding its implementation.
Incentive Plan Administration. Columbia shall pay Innovex an amount equal to (i) the amount of all non-salary compensation earned by Sales Force members in accordance with the terms of the Incentive Plan or otherwise requested by Columbia; and (ii) an amount equal to [***]% of such compensation for Innovex's employer costs (payroll taxes, benefits).
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Incentive Plan Administration. [If bonus pool is a pass-through expense] Customer shall pay Innovex an amount equal to (i) the amount of all incentive compensation earned by Sales Representatives and District Managers in accordance with the terms of the Incentive Plan; and
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Incentive Plan Administration. Pacira shall pay Quintiles an amount equal to (i) the amount of all non-salary compensation earned by Sales Force members in accordance with the terms of the Incentive Plan or otherwise requested by Pacira; and (ii) an amount equal to [**]% of such compensation for Quintiles’s employer costs (payroll taxes, benefits), as further set forth on Attachment B.
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Incentive Plan Administration. Executives shall establish performance goals and criteria to be satisfied by NLEX employees who may be entitled to receive the incentives established by this Addendum, and shall administer the incentive program established by this Addendum to incentivize NLEX employees to exercise the highest degree of effort, skill and care in assisting NLEX to achieve performance benchmarks established by the Executives in consultion with each employee and approved by the board of directors of Heritage Global (the “Board”) from time to time.
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Related to Incentive Plan Administration

  • Plan Administration AvMed may from time to time adopt reasonable policies, procedures, rules and interpretations to promote the orderly and efficient administration of this Contract.

  • Stock Plan Administration Service Provider The Company transfers the Optionee's Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the future, the Company may select a different Stock Plan Administrator and share the Optionee's Personal Information with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Optionee to receive and trade Shares acquired under the Plan. The Optionee will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Optionee’s ability to participate in the Plan.

  • Stock Plan Administration Service Providers The Company transfers participant data to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select a different service provider and share the Participant’s data with another company that serves in a similar manner. The Company’s service provider will open an account for the Participant to receive and trade Shares. The Participant will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to the Participant’s ability to participate in the Plan.

  • Benefits Committee As per LOA#10, a benefits committee comprised of the employee representatives and the employer representatives, including the Crown, shall convene upon request to address all matters that may arise in the operation of the OSSTF ELHT.

  • Grant Administration Grantee shall use the Grant funds only for the activities described in the approved Scope of Work. Grantee shall maintain financial records relating to the receipt and expenditure of all Grant funds in accordance with the terms set forth under this Agreement for a period of seven (7) years starting on the first day after final payment under the Agreement.