Common use of Incentive Program Clause in Contracts

Incentive Program. During the Term, the Employee shall be eligible for incentive compensation in accordance with a written incentive program mutually established by the Chairman and the Employee on an annual basis (the "Incentive Program"). The Incentive Program shall provide that sixty-five percent (65%) of the maximum incentive that may be earned by the Employee shall be based on compliance goals mutually established by the Chairman and the Employee and thirty-five percent (35%) of the maximum incentive that may be earned by the Employee shall be based on the financial performance of the Company and its subsidiaries as a whole. All incentive payments under the Incentive Program shall be determined quarterly, and shall be calculated by reference to the incentive percentage earned by the Employee multiplied by the Base Salary actually paid to the Employee for the calendar quarter for which the incentive is determined. The maximum percentage of the Employee's Base Salary that the Employee may earn under the Incentive Program shall be forty percent (40%) of the Base Salary actually paid to the Employee for the calendar quarter for which the incentive is determined. Any quarterly incentive earned by the Employee for any calendar quarter shall be paid by the Company to the Employee not later than sixty (60) days after the end of such calendar quarter. Any amounts earned by the Employee under the Incentive Program shall be hereinafter referred to as the "Performance Incentive."

Incentive Program. During the Term, the Employee shall be eligible for incentive compensation in accordance with a written incentive program mutually established by the Chairman and the Employee on an annual basis (the "Incentive Program"). The Incentive Program shall provide that sixty-five percent (65%) of the maximum incentive that may be earned by the Employee shall be based on compliance goals mutually established by the Chairman and the Employee relating to the performance (financial, compliance and otherwise) of the Division for Youth Services and thirty-five percent (35%) of the maximum incentive that may be earned by the Employee shall be based on the financial performance of the Company and its subsidiaries as a whole. All incentive payments under the Incentive Program shall be determined quarterlyannually, and shall be calculated by reference to the incentive percentage earned by the Employee multiplied by the Base Salary actually paid to the Employee for the calendar quarter year for which the incentive is determined. The maximum percentage of the Employee's Base Salary that the Employee may earn under the Incentive Program shall be forty percent (40%) of the Base Salary actually paid to the Employee for the calendar quarter year for which the incentive is determined. Any quarterly annual incentive earned by the Employee for any calendar quarter year shall be paid by the Company to the Employee not later than sixty (60) days after the end of such calendar quarteryear. Any amounts earned by the Employee under the Incentive Program shall be hereinafter referred to as the "Performance Incentive."

Incentive Program. During the Term, the Employee shall be eligible for incentive compensation in accordance with a written incentive program mutually established by the Chairman President and the Employee on an annual basis (the "Incentive Program"). The Incentive Program shall provide that sixty-five percent (65%) of the maximum incentive that may be earned by the Employee shall be based on compliance goals mutually established by the Chairman President and the Employee and thirty-five percent (35%) of the maximum incentive that may be earned by the Employee shall be based on the financial performance of the Company and its subsidiaries as a whole. All incentive payments under the Incentive Program shall be determined quarterly, and shall be calculated by reference to the incentive percentage earned by the Employee multiplied by the Base Salary actually paid to the Employee for the calendar quarter for which the incentive is determined. The maximum percentage of the Employee's Base Salary that the Employee may earn under the Incentive Program shall be forty percent (40%) of the Base Salary actually paid to the Employee for the calendar quarter for which the incentive is determined. Any quarterly performance incentive earned by the Employee for any calendar quarter shall be paid by the Company to the Employee not later than sixty (60) days after the end of such calendar quarter. Any amounts earned by the Employee under the Incentive Program shall be hereinafter referred to as the "Performance Incentive."