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KPI Incentives Sample Clauses

KPI IncentivesIn order to improve overall plant and warehouse performance, it is intended to award bonus payments of 1% in each year of this Agreement for the achievement of KPIs as in Appendix A. These Bonus payments will be "one-off" payments paid either in normal payroll or by increased employer funded superannuation by wages sacrifice to a superannuation fund of choice. These payments do not increase the base rate and are to be calculated on the annualised base wage rates applying immediately prior to payment. Bonus payments are to be paid within one pay week after the parties agree on an appropriate incentive after the end of the 6th month, 12th month and 24th month of the agreement (as from 1st January 2008) and will be calculated on a pro-rata basis on the level of achievement of the targets (as compared to the Base/Reference targets). Each bonus payment will be calculated on the overall average performance figures achieved within the 12 months immediately prior to the payment of the bonus and will be weighted as shown in Appendix A. Note that some KPI targets change from one year to the next. In the event that target performance indicators are not achieved, the Joint Consultative Committee will meet to discuss a suitable bonus, which takes into account all factors affecting the progress made towards achieving these targets. If agreement can not be reached between the “Parties”, the matter will be referred to the Australian Industrial Relations Commission. This Clause is to be read in conjunction with Appendix ‘G’ in the case of Waste and Down time indicators. The Joint Consultative Committee will agree to meet to review the KPI targets for each financial year. The basis of the KPIs from the review will be as they are set out in Appendix A (these KPIs are the fallback position). The review is designed to take into consideration changing business objectives, unachievable KPIs and performance in the previous year. The intent of this review is not to diminish targets but to set realistic targets in the event of current objectives not being achievable or changes to the business having an impact on KPI achievement. KPI bonus payments are payable to those employees who have been employed for the full twelve months of the relevant bonus period and who are employed at the time of the bonus payment. New permanent employees who commence employment during a bonus period will be eligible to be paid on a pro-rata time period basis. Any outcome determined by the AIRC must be c...
KPI Incentives. COMPANY shall pay CONTRACTOR the KPI INCENTIVES in accordance with Clause 20 and Appendix 2 to Section III - O&M CONTRACT Prices and Schedules for Variations.

Related to KPI Incentives

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.9.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.9.1, except the Multiplier, shall apply pro-rata. 4.9.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.9.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Incentive Bonuses Executive shall be entitled to participate in such incentive bonus programs as the Board of Directors may adopt from time to time for members of senior management of the Company (“Incentive Bonus”).

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.