Incentive Share Sample Clauses

Incentive Share. Appendix 3 – (Applicable Card Fee and Rebate Information) of the Participation Addendum, is hereby amended by deleting the existing table entitled “Rebates Applicable to Corporate Liability Purchase, Corporate, and One Cards (individual liability Corporate Cards are not included in Incentive Share Components 1,2, and 3)” in its entirety and inserting the following in lieu thereof: Rebates Applicable to Corporate Liability Purchase, Corporate, and One Cards (individual liability Corporate Cards are not included in Incentive Share Components 1,2, and 3) REBATE BPS PAID Incentive #1 - Standard Volume Each Participating Entity will receive a basis point (percentage) of their quarterly standard sales volume. The formula to determine quarterly standard sales volume incentive share: (Quarterly standard volume sales per entity – Quarterly Qualifying DIRP volume sales) x basis points (percentage) = Entity Quarterly Standard Volume Incentive. 150 Quarterly Rebates Applicable to Corporate Liability Purchase, Corporate, and One Cards (individual liability Corporate Cards are not included in Incentive Share Components 1,2, and 3) REBATE BPS PAID Incentive #2 - Discount Interchange Rate Program (DIRP) Volume Incentive Each Participating Entity will receive an incentive for qualifying DIRP transactions. Contractor will provide a quarterly report identifying all qualifying DIRP transactions to each Entity. The formula for calculating DIRP Incentive is: Qualifying Quarterly DIRP volume sales per Entity x basis points (percentage) = Entity Quarterly DIRP Volume Incentive 75 Quarterly Incentive #3 Speed of Pay/Prompt Payment Incentive The Speed of Pay/Prompt Payment Incentive calculation is designed to provide an incentive to each Participating Entity when Client Held Days is less than forty-five (45) days. The Prompt Payment Incentive is based solely on the Client Held Days Payment Performance for each Entity for the Agreement Quarter (3 calendar months). This incentive applies to both Standard and DIRP transactions. The formula to determine the Speed of Pay/Prompt Payment Incentive is: (45 – Client Held Days) / 45 x 0.0045 x Quarterly Sales Volume) = Entity Quarterly Prompt Payment Incentive. 45 (max.)
Sample 1
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Incentive Share. An Incentive Share equal to 25% of Net Operating --------------- GAAP Profit or Loss of the Master Manager (excluding the sum of 2% of the Unit rental revenue paid to Master Manager by Operator) (the "Incentive Share") shall --------------- be paid to Operator in arrears, in quarterly installments on the 25th day of the month following each Quarterly Accounting Period, and will be based on the "projected Net Operating Profit" for the Fiscal Year or Fractional Year, prorated based on the number of Quarterly Accounting Periods that have passed. The "projected Net Operating Profit or Loss" will be calculated based on the actual results of the Quarterly Accounting Period(s) that have passed, and the projected results of the remaining Quarterly Accounting Period(s) pursuant to the Annual Plan. As the result of the payment of such Incentive Share on a quarterly basis, the parties acknowledge that subsequent months' operations may make the amount of the Incentive Share previously paid result in an overpayment or underpayment on a year-to-date basis. In such event, an appropriate adjustment shall be made against subsequent quarterly payments of the Incentive Share, with an annual reconciliation as provided in SECTION 6.2 with any overpayment to Operator being reimbursed to Master Manager within 30 days of such annual reconciliation.
Sample 1
Incentive Share. Any portion of the Incentive Share issued and outstanding immediately prior to the Effective Time that is not a Rollover Incentive Share (the “Cash-Out Incentive Shares”) shall, subject to the adjustment described in Section 2.10(g), automatically be cancelled and converted into and shall thereafter represent the right to receive cash in an amount equal to such holder’s pro rata portion of the (x) the Estimated Aggregate Incentive Share Cash Merger Consideration minus (y) the Incentive Share Holdback Amount. For purposes hereof, the “Incentive Share Holdback Amount” shall be an amount equal to the product of (i) the Estimated Aggregate Incentive Share Cash Merger Consideration multiplied by (ii) the quotient of (A) the Escrow Amount divided by (B) the Estimated Aggregate Non-Voting Share Merger Consideration, calculated by the Company and set forth in the Estimated Closing Statement.
Sample 1

Related to Incentive Share

  • Second Option If Tenant exercises the First Option, Landlord grants Tenant an additional option (the "Second Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "Second Option Term"). The Second Option applies only to the Premises and is on the following conditions:

  • Annual Equity Grant During the first fiscal quarter of each year, or such other time as the Board, in its discretion, may determine, the Employee will receive an annual equity grant with a target value, measured as of the grant date, equal to the percentage of the Employee’s Salary determined by the Board or its designated committee, which for 2021 shall be 80% (the “Annual Equity Grant”). One-half of the Annual Equity Grant is expected to be in the form of restricted stock units or restricted share units with no performance restrictions or metrics associated with them, and which are expected to vest in three equal increments on each of the first, second and third anniversaries of the grant date. The other one-half of the Annual Equity Grant is expected to be in the form of performance shares or performance restricted stock units, which will have Board-determined performance restrictions and metrics associated with them. The determination of how many of those performance shares or performance restricted stock units have been earned will be made by the Board on or about the first anniversary of the grant date, based on the financial performance of the Company during the prior fiscal year, and any performance shares or performance stock units deemed by the Board to be earned are expected to vest in two equal increments on or about each of the second and third anniversaries of the grant date. Notwithstanding any other provision of this Agreement to the contrary, the determination of whether and when to make any Annual Equity Grant to Employee, and the design, nature and amount of any such Annual Equity Grant, shall be determined by the Board in its discretion. All Annual Equity Grants to Employee shall be subject to the terms of the grant agreement between Employer and Employee. In the event of a Change of Control, the Board or its designated committee will determine the manner in which any unvested restricted shares, performance shares, restricted stock units or other unvested equity grants will be treated, with respect to the amount and timing of the vesting of such unvested equity, to the extent that the same is not already addressed in the terms of the applicable grant agreement between the Employer and Employee.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • 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 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Restricted Stock and Stock Options Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently, as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.

  • Annual Equity Award With respect to each Company fiscal year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

  • Restricted Stock Unit As part of Executive's employment, Executive was awarded restricted stock units pursuant to the terms of a Restricted Stock Unit Award Agreement and The CoreLogic, Inc. 2006 Incentive Compensation Plan or the plan in effect from time to time (collectively, the "Plan Documents"), the terms of which are incorporated herein by reference. This Agreement shall constitute a separation agreement for purposes of determining the Period of Restriction, as defined in the Plan Documents. If Executive signs and returns this Agreement, the Period of Restriction applicable to Executive's outstanding, unvested restricted stock units will lapse as provided in, and subject to the provisions of, the Plan Documents. Executive agrees that Executive will not engage in Detrimental Activity, as defined in the Restricted Stock Unit Award Agreement.

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