Incentive Salary Sample Clauses

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. Executive shall be entitled to receive an incentive salary equal to one-tenth (10%) of the adjusted net profits (hereinafter defined) of the Employer during each fiscal year beginning or ending during the Period of Employment. “Adjusted net profit” shall be the net profit before federal and state income taxes, determined in accordance with accepted accounting practices by the independent accounting firm employed by the Employer as auditors 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 extraordinary gains or losses (including, but not limited to, gains or losses on disposition of assets); (iv) any refund or deficiency of federal and state income taxes paid in a prior year; and (v) any provision for federal or state income taxes made in prior years which is subsequently determined as unnecessary. The determination of the adjusted net profits made by the independent accounting firm employed by the Employer shall be final and binding upon Executive and the Employer. For the first and last fiscal years ending and beginning, respectively, during the term of this Agreement, the incentive salary shall be computed for the proportion of the fiscal year coextensive with this Agreement. The incentive salary shall be paid within ninety (90) days after the end of each fiscal year. The maximum incentive salary payable for any one year shall not exceed two hundred percent of Executive’s base salary unless such greater amount is authorized by the Board of Directors. The Board of Directors and the Executive may agree to waive the cost of living adjustment in (a) above or the incentive pay in (b) above. Both parties must agree to waive these requirements or the original clause shall stand in effect.

Incentive Salary. In addition to the compensation set forth above, Coach is eligible for incentive payments according to the following categories of professional achievement. Incentives are cumulative and the maximum amount Coach may earn in any individual Contract Employment Year is forty thousand dollars ($40,000.00).