Monetary Incentive Sample Clauses

Monetary Incentive. The monetary incentive payments for each window shall be calculated at $1,500 for each year of service with a minimum payment amount of $45,000. The sum to be paid over three (3) years in three (3) equal payments at a date convenient to the College and to the eligible faculty members.
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Monetary Incentive. Delay (MID) Task The participants performed a modified version of the MID task to study neural responses to reward anticipation and reward feedback. The paradigm has been described in a previous publications (Xxxx et al., 2012)(or see Section 2.4.1).
Monetary Incentive. Note: Incentive pay will not be retroactive to July 1. The EMS related incentive program will commence the pay period beginning December 21, 2015. Subject to the limitations set forth below, EMS related incentives will become available after the program’s effective date. Qualifying individuals for the Advanced EMT Base incentive or Paramedic Base Incentive will not begin receiving an incentive until they have provided proof of licensure/certification to the Fire Chief’s Office and have been approved by the Fire Chief as set forth below. A member cannot receive both an Advanced EMT incentive (of any kind) and a Paramedic incentive at the same time. Again, all incentives shall be prospective in nature, not retroactive.
Monetary Incentive. The monetary incentive payments for each window shall be calculated at $1,500 for each year of consecutive, full-time service with a minimum payment amount of $45,000. The sum to be paid over three (3) years in three (3) equal payments at a date convenient to the College and to the eligible faculty members. Years of service for this benefit will be the same as counted for eligibility in paragraph 1, above. In addition to the aforementioned, if the employee has attained the age of sixty-six (66) years and then retires the following incentive shall be provided: Incentive Age 66 4 years coverage described below plus $5,000.00 Age 67 3 years coverage described below plus $12,500.00 Age 68 2 years coverage described below plus $20,000.00 Age 69 1 year coverage described below plus $27,500.00 Age 70 and older $35,000.00 but no insurance coverage or benefit continuation The College reserves the option to pay the above-mentioned benefit incentives over a period not in excess of three (3) years. The retiring faculty member may elect to receive the incentive payments in any one of the following methods:

Related to Monetary Incentive

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • 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.

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