Participation Award Sample Clauses

Participation Award. For each home that meets the Program Requirements (as hereinafter defined), the Program hereby agrees to pay an Incentive Payment (as hereinafter defined), as applicable, based on the 2023 financial incentive schedule listed below. In recognition that applications to participate may exceed available incentive availability, AEP Texas will allocate incentive dollars based on each application received throughout the Program year. The total amount of any Incentive Payments that Homebuilder is eligible to receive will be posted to the Program reporting database once an application has been reviewed and approved. Upon approval, the Homebuilder shall be notified through automatic e-mail sent from the database. Incentive amounts are subject to adjustment at any time by the Program Administrator based on compliance with milestones, changes in incentive budget, or other factors that may arise during the Program year and are not guaranteed. Incentive Payments may be paid to Homebuilder for qualified homes that meet the Program Home Eligibility Requirements outlined here and in subsequent announcements.
Sample 1See All (8)
AutoNDA by SimpleDocs
Participation Award. For all technology equipment that meets the Electrification Rebate Program requirements (as hereinafter defined), the Program hereby agrees to pay up to the following incentive amounts, as applicable: Technology Type Description Maximum JEA Incentive Class 1 and 2 Forklifts Small non-road vehicles with two power-operated prongs at the front that can be slid under heavy loads and then raised for moving and stacking materials in warehouses, shipping depots, distribution centers, etc. $700 Aircraft Tractors/ Pushbacks Pushback tugs are mainly used to push an aircraft away from the gate when it is ready to leave. $1,600 Baggage/Tow Tractors Airport tow tractors used to move any equipment that cannot move itself. This includes bag carts, mobile air conditioning units, air starters, lavatory carts and other equipment. $400 Belt Loaders Vehicles with movable belts for unloading and loading of baggage and cargo of aircraft. $800 Electric-Standby Truck Refrigeration Units (E/S TRUs) Tractor-trailer E/S TRUs – Tractor-trailers parked and plugged into the utility grid while perishable items are unloaded/loaded. Larger versions of a TRU that require 480 volts to power. $1,000 Box E/S TRUs – Serves the same food-storing purpose as the tractor-trailer TRU at a smaller capacity. Box TRUs are smaller versions of TRUs and require 230 volts to power. $400 Heavy-Duty Truck Stop Electrification (H-D TSE) TSE gives heavy-duty vehicles (large commercial trucks, etc.) the ability to shut off their engines to reduce idling emissions and allows the truck to perform adequate heating, cooling, electricity and communications functions. $1,300 Golf Carts Small vehicles designed originally to carry two golfers and their golf clubs around a golf course with less effort than walking. Golf carts also serve as a means for transportation in active adult communities and are sometimes referred to as neighborhood electric vehicles. $200 Welders Machines used to fuse materials together. Electric arc welders use electricity to create enough heat to melt metal. Then, when the melted metals cool, they bind. $500 Scissor/Boom Lifts Lifts used to move personnel and equipment. Scissor lifts operate in a vertical direction. Boom lifts operate in an aerial direction, allowing for horizontal and vertical movement. $1,000 CUSTOMER TERMS AND CONDITIONS FOR PARTICIPATION IN THE JEA ELECTRIFICATION REBATE PROGRAM Technology Type Description Maximum JEA Incentive Scrubbers Ride on top – Industrial floor clea...
Sample 1
Participation Award. For all technology equipment that meets the Electrification Rebate Program requirements (as hereinafter defined), the Program hereby agrees to pay up to the following incentive amounts, as applicable: The above incentive values apply to all eligible applications submitted during the current Program Year. Custom project incentives are available for qualifying electric equipment not listed herein but will be evaluated on a case-by-case basis. Incentives for custom measures will be capped at 60% of the total project cost. Incentives for “on-road” measures will be capped at 60% of the total project cost. Total project costs include equipment, infrastructure, and installation of eligible equipment (and chargers, if applicable) less any other outside funding including other grant or incentive programs. No one participant designated by an individual Federal Tax ID may receive over 20% of the total annual Program incentive budget. If additional funding is available after September 1 of the current Program Year, a participant may exceed the 20% cap upon written approval by the Program. The decision to exceed any Program incentive cap remains the sole decision of JEA.
Sample 1
Participation Award. (a) In the event there is a distribution of money or assets made to the shareholders of Companies either of profits or from the sale of assets or of stock, or as a return of capital, Executive shall be entitled to participate in any such distribution (a "Participation Award").
Sample 1

Related to Participation Award

  • Participation Right From the date hereof through the two (2) year anniversary of the Closing Date, neither the Company nor any of its Subsidiaries shall, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(o). The Company acknowledges and agrees that the right set forth in this Section 4(o) is a right granted by the Company, separately, to each Buyer.

  • Participation Rights No HIG Stockholder may make a Transfer of Series C Preferred Stock pursuant to clause (a)(iv) of Section 2.1 unless such HIG Stockholder complies with the provisions of this Section 2.3. The transferring HIG Stockholder (the “Transferring Stockholder”) shall deliver a written notice (the “Offer Notice”) to the Company and to each Sankaty Stockholder that holds Series C Preferred Stock. The Offer Notice will disclose in reasonable detail the proposed number of shares of Series C Preferred Stock to be transferred, the proposed price, terms and conditions of the Transfer and the identity of the transferee. Each of the Sankaty Stockholders holding Series C Preferred Stock may elect to participate in the contemplated sale by delivering written notice to the Transferring Stockholder within 10 days after receipt of the Offer Notice. If any of such Sankaty Stockholders elects to participate in such sale (the “Participating Stockholders”), each of the Transferring Stockholder and the Participating Stockholders will be entitled to sell in the contemplated sale a number of shares of Preferred Stock equal to the product of (i) the fraction, the numerator of which is the number of shares of Series C Preferred Stock held by such Person, and the denominator of which is the aggregate number of Series C Preferred Stock owned by the Transferring Stockholder and the Participating Stockholders, multiplied by (ii) the number of shares of Series C Preferred Stock to be sold by the Transferring Stockholder and the Participating Stockholders in the contemplated sale. As a condition to any Transfer by the Transferring Stockholder, the Transferring Stockholder must obtain the agreement of the prospective transferee(s) to the participation of all Participating Stockholders in any contemplated sale and will not transfer any of its Securities to the prospective transferee(s) if the prospective transferee(s) declines to allow the participation of the Participating Stockholders on the terms specified herein.

  • Sub-participation A Lender may sub-participate all or any part of its rights and/or obligations under the Security Documents at its own expense without the consent of, consultation with or notice to, the Borrowers.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Participation in Plans Notwithstanding any other provision of this Agreement, the Executive shall have the right to participate in any and all of the plans or programs made available by the Company (or it subsidiaries, divisions or affiliates) to, or for the benefit of, executives (including the annual stock option and restricted stock grant programs) or employees in general, on a basis consistent with other senior executives.

  • Equity Participation This Warrant is issued in connection with the Loan Agreement. It is intended that this Warrant constitute an equity participation under and pursuant to T.C.A. ss.47-24-101, et seq. and that such equity participation be perxxxxxx xxder said statutes and not constitute interest on the Note. If under any circumstances whatsoever, fulfillment of any obligation of this Warrant, the Loan Agreement, or any other agreement or document executed in connection with the Loan Agreement, shall violate the lawful limit of any applicable usury statute or any other applicable law with regard to obligations of like character and amount, then the obligation to be fulfilled shall be reduced to such lawful limit, such that in no event shall there occur, under this Warrant, the Loan Agreement, or any other document or instrument executed in connection with the Loan Agreement, any violation of such lawful limit, but such obligation shall be fulfilled to the lawful limit. If any sum is collected in excess of the lawful limit, such excess shall be applied to reduce the principal amount of the Note.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Cash Award Subject to Section 2 and provided that you are employed by the Company or one of its affiliates on each applicable payment date set forth below, the Company shall pay you the Cash Award at the following times: (i) one-third (1/3) of the Cash Award on the Closing Date, (ii) one-third (1/3) of the Cash Award on the first anniversary of the Closing Date and (iii) the remaining one-third (1/3) of the Cash Award on the second anniversary of the Closing Date.

  • PARTICIPANT’S ACCEPTANCE The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions hereof, including the terms and provisions of the 2021 Equity Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Company’s 2021 Equity Incentive Plan. PARTICIPANT EXHIBIT A NOTICE OF EXERCISE OF OPTION I hereby exercise the stock option (the “Option”) granted to me by HV Bancorp, Inc. (the “Company”) or its affiliate, subject to all the terms and provisions set forth in the Stock Option Agreement (the “Agreement”) and the HV Bancorp, Inc. 2021 Equity Incentive Plan (the “Plan”) referred to therein, and notify you of my desire to purchase shares of common stock of the Company (“Common Stock”) for a purchase price of $ per share. I elect to pay the exercise price by: ___ Cash or personal, certified or cashier’s check in the sum of $ , in full/partial payment of the purchase price. ___ Stock of the Company with a fair market value of $ in full/partial payment of the purchase price.* ___ A net settlement of the Option, using a portion of the shares obtained on exercise in payment of the exercise price of the Option (and, if applicable, any required tax withholding). ___ Selling shares from my Option shares through a broker in full/partial payment of the purchase price. I understand that after this exercise, shares of Common Stock remain subject to the Option, subject to all terms and provisions set forth in the Agreement and the Plan. I hereby represent that it is my intention to acquire these shares for the following purpose: ___ investment ___ resale or distribution Please note: if your intention is to resell (or distribute within the meaning of Section 2(11) of the Securities Act of 1933) the shares you acquire through this Option exercise, the Company or transfer agent may require an opinion of counsel that such resale or distribution would not violate the Securities Act of 1933 prior to your exercise of such Option. Date: , . Participant’s signature

Time is Money Join Law Insider Premium to draft better contracts faster.