Incentive Program In any Contract Sample Clauses

Incentive Program In any Contract. Year in which a Management Fee has been earned by Operator in accordance with section 5.2(b), Operator may also earn an incentive fee ("Operator Bonus") for superior plant operation and maintenance which results in above proforma electrical production at the Facilities. Payment of the Operator Bonus shall be based upon annual net salable electrical output from the Facilities in accordance with the following: Annual MWHs Operator Bonus 53,000 or more $ 52,000 $ 51,000 $ 50,000 $ 49,000 $ 48,000 or less $ The Operator Bonus payable to Operator on the basis of annual MWHs failing within the ranges specified above shall be calculated by making all necessary prorations. By way of example only, should 52,125 MWHs of electricity be delivered to SPPC from the Facilities in any Contract Year, the Operator Bonus payable to Operator, subject to section 5.6, would be the sum of __________________ ($_________), adjusted as necessary in accordance with the last sentence of this section. Any Operator Bonus to which Operator shall be entitled in accordance with this section shall be payable by Steamboat upon the delivery to Steamboat of annual generation documentation prepared by, and obtained from, SPPC confirming the annual MWHs produced at the Facilities, and the acceptance of the same by Steamboat. The Operator Bonus amounts contained in the preceding table shall be increased by four percent (4%) each year, commencing in the second Contract Year.
Sample 1
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Related to Incentive Program In any Contract

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • System for Award Management (XXX) and Data Universal Numbering System (DUNS) Requirements.

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • Service Awards The County shall continue its present policy with respect to service awards including time off; provided, however, that the type of award given shall be at the sole discretion of the County. The following procedures shall apply with respect to service awards:

  • System for Award Management (XXX) Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a XXX.xxx proof of registration and Commercial and Government Entity (CAGE) number. Grantee will continue to maintain an active XXX registration with current information at all times during which it has an active award under this Agreement.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Program Goals CalHFA MAC envisions that these monies would be used to complement other federal or lender programs designed specifically to stabilize communities by providing assistance to homeowners who have suffered a financial hardship and as a result are no longer financially able to afford their first-lien mortgage loan payments or their Property Expenses when associated with a Federal Housing Administration (“FHA”) Home Equity Conversion Mortgages (“HECM”) loan, only.

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • 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.

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