Incentive Pool Sample Clauses

Incentive Pool. There shall be an incentive for all bargaining unit members in each year of this agreement, as follows: A group incentive pool and should not be confused with individual merit. Recognizing the need for the entire district to perform better, this 1% pool will be for all bargaining unit members and paid as either a lump sum or in tax-sheltered annuity. The 1% will be divided into eight (8) categories based on the district targets for improvement. Each target will be weighted at .125%. If the district hits all targets the sum will be 1% of the individual’s salary (for example: A teacher making $55,000 would receive $550). If the district hits a percentage of the targets the bonus will be prorated (for example, Seven targets achieved means 7/8 or .875%). This incentive pool will reset on an annual basis, based upon the targets achieved by the district in that year. In any year that bonuses are awarded, each individual bargaining unit member shall elect to receive his or her bonus as a lump sum or a payment to a tax-sheltered annuity. Payment shall be made no later than September 1 of the following school year in which the district target(s) was reached. Any teacher who leaves the District due to resignation or retirement at the end of the school year when the district target(s) was reached remains eligible to receive this payment. (See Appendix D)
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Incentive Pool. To provide an incentive to the Principal Officers and other key employees of R&A, R&A shall establish an incentive compensation pool ("Incentive Pool"),which shall be equal to the balance (if any) of the Retained Operating Revenues remaining after subtraction of all Company Expenditures (other than the Incentive Pool) with respect to a fiscal year. The Incentive Pool shall be used by R&A to make cash bonus payments to such Principal Officers and key employees ("Incentive Pool Bonus Distributions"), and the entire Incentive Pool in the aggregate shall be paid as Incentive Pool Bonus Distributions with respect to each fiscal year. The Management Committee shall recommend to the Board of Directors of R&A (the "Board") the recipients and amounts of any Incentive Pool Bonus Distributions, and Incentive Pool Bonus Distributions shall be paid promptly following the completion of each fiscal year (and determination of amounts under Section 2(e) of this Agreement) upon (and subject to) approval by the Board of the recipients and individual bonus amounts to be received from the Incentive Pool for such fiscal year, which approval shall not be unreasonably delayed; provided, however, that, during the initial term of this Agreement, the aggregate portion of the Incentive Pool for any fiscal year to be paid to those Principal Officers and key employees of R&A ("Initial Senior Management Members") who were parties to Employment Agreements with R&A as of the Effective Date (but, for the avoidance of doubt, not the specific recipients of such aggregate portion of the Incentive Pool from among the Initial Senior Management Members, which shall remain subject to approval by the Board in its discretion) shall be jointly determined in good faith by (w) the Board and (x) CMR (for so long as CMR is employed by Royce) or the CMR Representative (as defined in the Stock Purchase Agreement) (following such time as CMR is no longer employed by Royce), each acting reasonably, provided that, in the event the Board and CMR or the CMR Representative (as applicable) are unable to jointly determine in good faith the aggregate portion of the Incentive Pool for any fiscal year to be paid to the Initial Senior Management Members (each acting reasonably), such aggregate portion shall be determined by the Board in good faith for such fiscal year, and provided, further, that, following such time as CMR is no longer employed by Royce, the consent of the CMR Representative shall not be required un...
Sample 1
Incentive Pool. As soon as practicable following the Effective Time, Parent shall grant awards under a bonus program (collectively, the “Incentive Awards”) with an aggregate value equal to $20 million to the Persons and in the amounts set forth on Schedule 8.12(a). The Incentive Awards shall be subject to such terms and conditions as determined by Parent as set forth in an award agreement evidencing the applicable Incentive Award (each an “Award Agreement”), the form of which shall be subject to the Company’s prior review and comment, which comments shall be considered in good faith. Each such Award Agreement shall provide that the Incentive Awards (1) may be settled in cash or in Parent Common Stock at the sole discretion of Parent, (2) shall be scheduled to vest in full on the first anniversary of the Closing Date, subject (for holders other than the holders identified on Schedule 8.12(b)) to the holder of such Incentive Awards continuing to provide service through the vesting date, and shall be settled as soon as reasonably practicable following the vesting date, but in any event not later than thirty days thereafter (the “Settlement Date”). Notwithstanding the foregoing, a holder of an Incentive Awards (A) whose service to the Company is terminated by the Company without Cause (as defined in Parent’s Change of Control and Severance Policy) or who resigns for Good Reason shall remain entitled to his or her Incentive Award to the same extent as if such Person has continued to provide services through the vesting date, or
Sample 1
Incentive Pool. There shall be an incentive for all bargaining unit members in each year of this agreement, as follows: A group incentive pool and should not be confused with individual merit. Recognizing the need for the entire district to perform better, this 1% pool will be for all bargaining unit members and paid as either a lump sum or in tax-sheltered annuity. The 1% will be divided into eight (8) categories based on the district targets for improvement. Each target will be weighted at .125%. If the district hits all targets the sum will be 1% of the individual’s salary (for example: A teacher making $55,000 would receive $550). If the district hits a percentage of the targets the bonus will be prorated (for example, Seven targets achieved means 7/8 or .875%). This incentive pool will reset on an annual basis, based upon the targets achieved by the district in that year. In any year that bonuses are awarded, each individual bargaining unit member shall elect to receive his or her bonus as a lump sum or a payment to a tax-sheltered annuity. Payment shall be made no later than the second paycheck in September of the following school year in which the district target(s) was reached. Any teacher who leaves the District due to resignation or retirement at the end of the school year when the district target(s) was reached remains eligible to receive this payment. The following formula will be applied: 1. The incentive will be based on the teacher’s base salary, which is the salary that appears in the salary schedule. 2. The incentive will be based on the previous school year’s targets.
Sample 1
Incentive Pool. During the Term, in addition to the Base Cash Consideration and Additional Consideration, within 90 days following each Threshold Date, the Company shall pay the Officers' Co. an amount equal to 75% of the Incentive Pool. Fifteen percent of such amount shall be payable in cash and 85% shall be payable in the form of registered shares of Stock; provided, that no cash payment will be payable under this Section 7 prior to the consummation of a Viable Financing; and, provided, further, that if the Board in its sole discretion shall determine in good faith that the payment of the Officers' Co.'s share of the Incentive Pool in cash would have a materially adverse effect on the Company, then the Officers' Co.'s share of the Incentive Pool shall be paid in such greater proportion of registered shares of Stock as the Board deems necessary to avoid such materially adverse effect.
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Incentive Pool. A pool of Distributions representing 12.5% of the total Distribution issued by the Company (“Incentive Pool”) shall be further set aside as incentives to employees and management of the Company or American Medical REIT, to be distributed as follows:
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Incentive Pool. Parent shall have received documentation that establishes a $3 million incentive pool for employees of the Company funded by Xxxxxxx X.X. Xxxxxxx and certain other Company Stockholders in such form and substance that is reasonably acceptable to Parent.
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Incentive Pool. To provide an incentive to the Principal Officers and other key employees of the Companies, the Companies shall establish an incentive compensation pool ("Incentive Pool") from which they will authorize distributions of bonuses to such employees ("Bonus Distributions"). The Incentive Pool shall be equal to the balance (if any) of the Retained Operating Revenues remaining after subtraction of all Company Expenditures other than Bonus Distributions with respect to a year. The Chief Executive Officer of PCM Holdings (the "CEO") shall recommend to the Management Committee of PCM Holdings pursuant to Section 2(b) (the "Management Committee") the recipients and amounts of all Bonus Distributions. Bonus Distributions in any given year shall be paid annually upon, and subject in all respects to, approval by the PCM Holdings Board, which approval shall not be unreasonably withheld or delayed. Bonus Distributions shall not be paid in excess of the sum of (i) the current Incentive Pool and (ii) to the extent the Company has not distributed all or part of the Incentive Pool for a prior fiscal year, all or part of such previously undistributed Incentive Pool amounts. Notwithstanding anything to the contrary in this Agreement, no Bonus Distributions shall be paid or committed to any employee of any of the Companies unless and until PCM Holdings is current with respect to its required distributions of the Xxxx Xxxxx Distribution, including the payment in full of principal of and interest on all working capital loans made pursuant to Section 2(f). Nothing contained in this Agreement shall establish or be deemed to constitute an obligation of the Companies to any particular employee of any of the Companies to pay bonuses or other compensation to such employee, or restrict the right of the Companies to terminate the employment of any employee at any time, with or without cause.
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Incentive Pool 
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Related to Incentive Pool

  • 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.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • 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.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

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