Incentive Salary. An incentive payment is a direct payment over and above the Coach’s base salary, in an amount to be determined by the DIA subject to the approval of the University President or designee and subject to availability of funds. Coach is eligible for an incentive payment upon achieving performance criteria established by the DIA in his exclusive discretion, and which are subject to annual review and revision by the DIA. Coach will be eligible for such incentive salary payments after completing the Contract Term in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end of the Contract Term. In order to be eligible for incentive payments under this provision, Coach must be currently employed by the University at the time that the incentive payment is due. Coach understands and agrees that incentive payments, if any, are taxable compensation to Coach and that Coach is solely responsible for the tax consequences associated therewith.
Incentive Salary. Company will pay Executive such incentive component of salary as may be earned under the terms of any executive incentive plan put in place by the Company.
Incentive Salary. An incentive payment is a direct payment over and above the Coach’s base salary, in an amount to be determined by the DIA subject to the approval of the University President or designee and subject to availability of funds. Coach is eligible for an incentive payment upon achieving performance criteria established by the DIA in his exclusive discretion, and which are subject to annual review and revision by the DIA. Coach will be eligible for such incentive salary payments after completing the Contract Employment Year in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end of such Contract Employment Year. In order to be eligible for incentive payments under this provision, Coach must be currently employed by the University at the time that the incentive payment is due. Coach understands and agrees that incentive payments, if any, are taxable compensation to Coach and that Coach is solely responsible for the tax consequences associated therewith.
Incentive Salary. An incentive payment is a direct payment over and above the Coach’s base salary, in an amount to be determined by the DIA subject to the approval of the University President or designee and subject to availability of funds. Coach is eligible for an incentive payment upon achieving performance criteria established by the DIA in the DIA’s exclusive discretion, and which are subject to annual review and revision by the DIA. Coach will be eligible for such incentive salary payments after completing the Contract Term in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) from the DIA’s determination that the specified criteria have been met. In order to be eligible for incentive payments under this provision, Coach must be currently employed by the University at the time that the incentive payment is due. Coach understands and agrees that incentive payments, if any, are taxable compensation to Coach and that Coach is solely responsible for the tax consequences associated therewith.
Incentive Salary. An incentive payment is a direct payment over and above the Employee’s base salary, in an amount to be determined by the DIA subject to the approval of the University President or designee and subject to availability of funds. Employee is eligible for an incentive payment upon achieving performance criteria established by the DIA in his exclusive discretion, and which are subject to annual review and revision by the DIA. Employee will be eligible for such incentive salary payments after completing the Contract Term in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end the Contract Term. In order to be eligible for incentive payments under this provision, Employee must be currently employed by the University at the time that the incentive payment is due. Employee understands and agrees that incentive payments, if any, are taxable compensation to Employee and that Employee is solely responsible for the tax consequences associated therewith.
Incentive Salary. In addition to the compensation set forth above, Coach is eligible for incentive payments according to the following categories of professional achievement.
Incentive Salary. An incentive salary equal to 1/2 of 1% of the adjusted net profits (hereinafter defined) of the Company beginning with the Company's year end 2003 and each fiscal year thereafter during the term of this Agreement. "Adjusted net profit" shall be the net profit of the Company before federal and state income taxes, determined in accordance with generally accepted accounting proactices by the Company's independent accounting firm and adjusted to exclude: (i) any incentive salary payments paid pursuant to this Agreement; (ii) any contributions to pension and/or profit sharing plans; (iii) any refund or deficiency of federal and state income taxes paid in a prior year; and (iv) any provision for federal or state income taxes made in prior years which is subsequently determined ot be unnecessary. The determination of the adjusted net profits made by the independent accounting firm employed by the Company shall be final and binding upon Xx. Xxxxxxx and the Company. The incentive salary payments shall be made within thirty (30) days after the Company's independent accounting firm has concluded its audit. If the final audit is not prepared within ninety (90) days after the end of the fiscal year, then the Company shall make a preliminary payment equal to fifty percent (50%) of the amount due based upon the adjusted net profits preliminary determined by the independent accounting firm, subject to payment of the balance, if any, promptly following completion of the audit by the Company's independent accounting firm.
Incentive Salary. In addition to the compensation set forth above, Coach is eligible for incentive payments according to the following criteria. Academic Progress Rate (APR) 985 or Greater $2,500 If earned, Coach will be eligible for such incentive payments after completing the Contract Employment Year in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end of the Contract Term. Coach is eligible for an incentive payment upon achieving performance criteria established by the DIA in his exclusive discretion, and which are subject to annual review and revision by the DIA. Coach will be eligible for such incentive salary payments after completing the Contract Term in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end of the Contract Term. In order to be eligible for incentive payments under this provision, Coach must be currently employed by the University at the time that the incentive payment is due. Coach understands and agrees that incentive payments, if any, are taxable compensation to Coach and that Coach is solely responsible for the tax consequences associated therewith. The incentives contemplated by this section are contingent upon sufficient appropriations being available to fund them. In the event that, in any Contract Employment Year the legislature of the state of New Mexico reduces its appropriation to the University or to the Athletic Department, below the current level as of the effective date of this Agreement, these incentives shall be paid in the reasonable discretion of the DIA.
Incentive Salary. In addition to the Base Salary, the Executive will be eligible to be paid an additional amount (the “Incentive Salary”) during the Term for work performed by the Executive during the preceding calendar year, or portion thereof. The initial Incentive Salary target (the “Incentive Salary Target”) shall be one hundred percent (100%) of the Base Salary, provided, however, that for calendar year 2020 only, the Incentive Salary Target shall be eighty percent (80%) of the 2020 Base Salary Target. The Executive shall be covered by the Incentive Salary arrangement for such calendar year applicable to senior executives of Xxxxxx Mac generally, with any Incentive Salary determined under this sentence payable when annual incentives are paid to Xxxxxx Mac executives generally for such calendar year and subject to the Executive’s continued employment through the applicable date of payment and subject to any compensation recoupment or “clawback” policy as may implemented and interpreted by Xxxxxx Mac from time to time; provided, however, that in no event shall the Incentive Salary be paid later than the first payroll period following the first Board meeting after Xxxxxx Mac files its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the year in which the Incentive Salary was earned. The Executive’s Incentive Salary for any year will be determined based on Xxxxxx Mac’s actual performance in relation to threshold, target, and maximum amounts for various metrics specified by the Compensation Committee of the Board, so it may be paid below, at, or above the Incentive Salary Target. Beginning in 2022, the Board shall complete an annual performance evaluation of the Executive and conduct a review of the Executive’s compensation. The review shall be completed, and the results provided to the Executive by the earlier of March 31 of the calendar year following the calendar year for which performance is being evaluated or sixty (60) days following the completion of the performance evaluation.
Incentive Salary. In addition to the compensation set forth above, Coach is eligible for incentive payments according to the following categories of professional achievement. Academic Performance Rating (APR) 985 or higher $2,500.00 Coach will be eligible for incentive salary payments after completing the Contract Employment Year in which the incentive is earned. Incentive payments, if any will be paid no later than ninety (90) days after the end of such Contract Employment Year. Coach understands and agrees that incentive payments, if any, are taxable compensation and that Coach is solely responsible for the tax consequences associated therewith. Coach is eligible for additional incentive payment upon achieving performance criteria established by the DIA in his exclusive discretion, and which are subject to annual review and revision by the DIA. Coach will be eligible for such incentive salary payments after completing the Contract Employment Year in which the incentive is earned. Incentive payments, if any, will be paid no later than ninety (90) days after the end of such Contract Employment Year. In order to be eligible for incentive payments under this provision, Coach must be currently employed by the University at the time that the incentive payment is due. Coach understands and agrees that incentive payments, if any, are taxable compensation to Coach and that Coach is solely responsible for the tax consequences associated therewith.
