Incentive Structure Sample Clauses

Incentive Structure. The Management Company will implement an incentive compensation program, as described in the Administrative Services Agreement, to encourage the Transferred Employees to develop new business opportunities, develop Purchaser’s existing assets, and contribute to the financial performance of Purchaser.
Sample 1Sample 2
AutoNDA by SimpleDocs
Incentive Structure. The parties agree to continue with the incentive program that was established during the 2010-2012 contract period during this 2012-2014 contract period for the Supervisory Services Bargaining Unit. This incentive program will continue to be developed and monitored by the elected incentive committee during this contract period. The committee shall be comprised of no more than (4) management members and no more than (4) Supervisory Services Bargaining Unit members. Management shall have the sole discretion of appointing management members to the committee. The president of MSEA shall have the sole discretion of appointing Supervisory Services Bargaining Unit members to serve on the committee. This committee shall meet monthly to review and discuss the progress of this program. The Supervisory Services Bargaining Unit members of the committee shall be charged with defining the criteria established by the Supervisory Services Bargaining unit members and also with determining the weight that shall be given to the rating criteria established. Management will provide an additional criteria based on Annual Evaluations to be used by the committee. The weight given to this criteria shall be reasonable as determined by the joint committee. The overall purpose of the criteria is to enable the committee to distinguish between members in the bargaining unit for the disparate distribution of incentive pay from the funds allotted by Management. It is intended that this program will provide financial incentives for the Supervisory Services Bargaining Unit Members and will provide members with greater control over the distribution of the incentive funds. It is the goal that this Committee will establish a outline for a more formal incentive program for future years. This incentive program does not exclude the potential for negotiating across the board base wage increases in future years.
Sample 1
Incentive Structure. The incentive structure proposed for the Operator Agreement is provided in the table below. The First Party shall check Compliance to KPIs on a monthly and quarterly basis depending on the KPI and the compliance calculations will be released every six months to be used for award of incentives to the Second Party. X.Xx. Levels of Incentive Amount (or Number) Criteria of Award Frequency of Measurement 1 Certificate of Appreciation for each category Every Six Months − Driver 1 Highest Overall Compliance Level to KPIs in the category − Vehicle 1 Highest Overall Compliance Level to KPIs in the category − Operations 1 Highest Overall Compliance Level to KPIs in the category 2 Cash Prize for each below category Every Year − Vehicle 150,000 AED * Winner of both Certificates of Appreciation for the category in the year − Driver 200,000 AED * Winner of both Certificates of Appreciation for the category in the year − Operations 250,000 AED * Winner of both Certificates of Appreciation for the category in the year 3 Best Operator Award 1 Winner of Cash Prize award in any 2 out of 3 categories Every Year 4 Most Preferred Operator 1 Winner of 2 consecutive Best Operator Awards Every Two Years * The amounts are to be confirmed by the senior management of First Party .
Sample 1
Incentive Structure a. Discount Availability: OpenEDG offers discounts on exams, practice tests, and learning products to the Partner, provided the Partner has an active, paid subscription with the OpenEDG Education Partner Program.
Sample 1
Incentive Structure. The Board shall establish as soon as reasonably practicable after the Initial Effective Date a long-term market maker incentive structure, which may be implemented, among other potential methods, by having the Company, on an annual basis, provide a rebate to market makers (whether or not such market makers are equity owners) based on profitability and other metrics.
Sample 1

Related to Incentive Structure

  • Alternative Structure Notwithstanding any provision of this Agreement to the contrary, Parent may at any time modify the structure of the acquisition of the Company set forth herein, subject to the prior written consent of the Company, which consent shall not be unreasonably withheld or delayed, provided that (i) the Merger Consideration to be paid to the holders of Company Common Stock is not thereby changed in kind or reduced in amount as a result of such modification, (ii) such modification will not adversely affect the tax treatment of the Company's shareholders as a result of receiving the Merger Consideration and (iii) such modification will not materially delay or jeopardize receipt of any required approvals of Governmental Authorities.

  • Incentive Stock Options If the Shares are held for more than twelve (12) months after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares will be treated as long term capital gain for federal and California income tax purposes. If Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price.

  • Incentive ‌ Incentives are defined under FAR Subpart 16.4, Incentive Contracts, and other applicable agency-unique regulatory supplements. The OCO will determine fair and reasonable pricing for all Incentive Task Orders and develop a plan to implement and monitor an Award-Fee, Incentive-Fee, or Award-Term result in accordance with FAR 15.4, Pricing.

  • 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 Stock Option If this Option qualifies as an ISO, the Optionee will have no regular federal income tax liability upon its exercise, although the excess, if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject the Optionee to alternative minimum tax in the year of exercise. In the event that the Optionee ceases to be an Employee but remains a Service Provider, any Incentive Stock Option of the Optionee that remains unexercised shall cease to qualify as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option on the date three (3) months and one (1) day following such change of status.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!