Payment of Incentive Sample Clauses

Payment of Incentive. The Incentive payable under this Agreement shall be paid within the 30-day period immediately following the six month anniversary date of the Closing Date, or within 30 days of an event which makes the Employee eligible for a payment under Paragraph 5. When paid, the Incentive will be subject to normal and required deductions and withholdings. The Incentive will not qualify as earnings under any pension plan or for any other employee benefit purpose.

Payment of Incentive. 4.1 The TJIF program is a performance based incentive program; therefore, verification of the new jobs created, capital investment made by the Company, and the additional general fund tax revenue generated to Miami-Dade County must be verified by the County prior to any disbursement of funds to the Company. This procedure must be repeated each year that the Company submits a claim for the TJIF payment. The year that is applicable for consideration of taxes paid-in resulting in the additional general fund tax revenue is April 1 through March 31. Company award claims must be submitted each year during the period of April 1 through May 15. Any award appropriation, if made by the Miami- Dade County Board of County Commissioners will be paid in the County’s fiscal year that begins on October 1 following the May 15 claims-submission deadline date. 4.2 The TJIF incentive award is paid beginning after the first year the new jobs are created. For example, if a Company committed to creating 100 new jobs by December 31, 2011, meets this benchmark (and all other conditions of the incentive award), and submits a claim for disbursement by May 15, 2013, then the first incentive payment will be disbursed in the County’s fiscal year that begins on October 1, 2013. Disbursements shall occur according to the disbursement schedule set forth in the Board resolution granting the TJIF award even if all the new jobs are created prior to the end of the disbursement schedule. Payment to the Company will only be made after it has achieved all economic benchmarks. The Company’s additional general fund tax revenue paid to Miami-Dade County must be equal to or greater than the Company’s TJIF award less the County’s portion of any Florida Qualified Target Industry incentive the Company may be receiving for the same project. 4.3 The Company must be current on its Miami-Dade County taxes in order to receive the disbursement of its approved TJIF incentive. Failure to meet this condition may cause that year’s incentive to be forfeited. 4.4 No incentive amounts shall be disbursed after the last fiscal year set forth in the TJIF application agreement and the Board-approved TJIF Resolution. 4.5 If in any year the applicant does not achieve the job creation schedule outlined in the applicant’s approved resolution, but achieves at least 80% of the required net new jobs created, the company will receive a pro-rated incentive award less a 5% penalty of the scheduled award amount for that year. If ...

Payment of Incentive. The retirement incentive shall be paid in two equal installments. 50% of the incentive shall be paid within thirty days of the actual retirement date with the other 50% of the incentive to be paid within thirty days of the next calendar year. Both payments shall be paid by the District as a Non-Elective Employer Contribution to a 403(b) program able to accept such amounts, subject to the contribution limits as outlined in the Internal Revenue Code. The first and second installments will be directed to the 403(b) fund up to the amount determined by applying the maximum allowable contribution limits of IRS 415(c) as it applies to IRS section 403(b) programs. The remainder, if any, of the incentive shall be paid to the employee in the form of taxable compensation and reported on the employee’s W-2, wage and withholding statement. Employees will be notified of payments to the 403(b) fund within ten working days of each installment. The district will select a 403(b) provider approved by the NDA as long as there is such a qualified provider for remittal of non-elective employer contributions. Should there not be such a qualified provider approved by the NDA at any time, the District and the NDA will mutually determine and agree to a sole 403(b) provider for remittal of non-elective employer contributions. Until such agreement between the District and the NDA is reached, the District shall select a sole 403(b) provider for remittal of non-elective employer contributions. This provider may be changed through mutual agreement but must be utilized by everyone eligible on a prospective basis. In the event that a change in Federal or State Law preclude the employer from contributing the retirement incentive to tax sheltered account, thereby obviating the intent of this agreement, the payment of the retirement incentive shall be paid directly to the employee through payroll, in two equal installments as outlined above, as taxable compensation and reported on the employee’s W-2.

Payment of Incentive. (a) Subject to clause (b) and (c) below, Energex will credit you AUD $20.00 per PeakSmart™ Compatible Air-Conditioner sold to a customer who participates in the Project (the ‘incentive’) upon acceptance by Energex of the Customer Application Form that identifies you as the ‘appliance retailer’ (in Section B). Note that for identification purposes a legible copy of a valid receipt which clearly identifies the retail outlet must be attached to the Customer Application Form. Energex reserves the right to refuse crediting you with an incentive if a customer does not attach such copy of a receipt to the Customer Application Form. (b) Notwithstanding clause (a) above, an incentive will only be credited to you: (i) after a completed Customer Application Form has been received, processed and accepted by Energex ; and (ii) if the sale of the air-conditioning unit(s) to which the Customer Application Form relates is or was made during the Term (as evidenced by the copy of the receipt attached to the Customer Application Form). (c) A limit of one incentive per PeakSmart™ Compatible Air-Conditioner will be credited to you up to a maximum of three (3) incentives for each customer who participates in the Project. (d) Energex will seek to write to you in December 2012 and March 2013 to inform you of the total incentive credited and payable to you as at the date of the applicable notice (‘incentive payment’). (e) In order to claim an incentive payment, you must issue to Energex a valid tax invoice specifying the incentive payment. (f) Energex will then seek to issue the incentive payment to you within 28 days of acceptance of the invoice. (g) If this Agreement or the Scheme is terminated in accordance with clause 3, Energex’s sole liability to you will be any credit that has accrued between the start of the Term and the date of termination of either the Scheme, your participation in the Scheme, or this Agreement.

Payment of Incentive. (a) Subject to the Participant not being in default under the Agreement or this Incentive Schedule and otherwise satisfying all of its obligations contained in this Incentive Schedule, the IESO will pay the Participant the Net Project Incentive as follows: (i) 50% of the estimated Net Project Incentive set out in Exhibit “A”, if the Participant meets the following criteria on the date the request for this payment is assessed by the IESO: (A) the In-Service Date has been confirmed in accordance with Section 3.2; (B) the Participant has submitted and the IESO has accepted an invoice; and (C) the first quarterly M&V Report has demonstrated, to the satisfaction of the Technical Reviewer, that the Participant has achieved no less than 90% of the Anticipated Electricity Savings; and (ii) the balance of the actual Net Project Incentive is payable after the first anniversary of the In-Service Date, subject to IESO’s approval of the first annual M&V Report confirming that the Participant has achieved no less than 90% of the Anticipated Electricity Savings. (b) If the Participant fails to meet any of the criteria to receive the initial payment under Section 2.3(a)(i) on the date the request for such payment is assessed by the IESO, the IESO will pay the Net Project Incentive in one lump sum payment after the first anniversary of the In-Service Date, provided that the Participant meets the criteria set out in Section 2.3(a)(i) and (ii) before any payment is made by the IESO. (c) If the actual Project Incentive is less than the estimated Project Incentive as set out in Exhibit "A", then the Net Project Incentive will also be adjusted and payment due under Section 2.3(a)(ii) will be recalculated accordingly. If the actual Net Project Incentive is less than the payment made under Section 2.3(a)(i), the Participant will repay to the IESO within 10 Business Days of such notice, an amount (for greater certainty, plus applicable taxes) equal to the difference between the payment made under Section 2.3(a)(i) and the actual Net Project Incentive.

Payment of Incentive. The IESO agrees to pay the Engineering Study Incentive to the Participant in two payments as follows: (a) the lesser of: (i) 50% of the Approved Maximum Amount set out in Exhibit "A"; and (ii) the actual Eligible Costs incurred and paid by the Participant to that date to complete the Engineering Study; to be paid in accordance with the Master Agreement after: (x) the receipt by the IESO of an invoice in accordance with the Master Agreement; and (y) acceptance by the IESO of the Draft Report submitted pursuant to Section 3.2(a); and (b) the Engineering Study Incentive determined in accordance with Section 2.2, net of amounts already paid under Section 2.3(a), to be paid in accordance with the Master Agreement after: (x) the receipt by the IESO of an updated invoice, if applicable, in accordance with the Master Agreement; (y) acceptance by the IESO of the Final Report submitted pursuant to Section 3.2(c); and (z) in the case of a Detailed Engineering Study only, the receipt by the IESO of the certificate required under Section 3.4.

Payment of Incentive. Management Fee and Contingent Incentive ------------------------------------------------------------ Management Fees from Operating Profit ------------------------------------- The payment of the Incentive Management Fee with respect to each Fiscal Year (and with respect to each Accounting Period thereof) shall be payable out of Operating Profit in accordance with the following sequence of computations, and no Incentive Management Fee shall be deemed earned or accrued until sufficient Operating Profit is available for actual payment thereof: A. First, Owner shall retain any Operating Profit (to the extent of Operating Profit in that Fiscal Year) in amounts sufficient to pay the Qualifying Mortgage Debt Service for such Fiscal Year (which shall be prorated among the Accounting Periods within any given Fiscal Year). B. Second, beginning January 1, 1993, Owner shall retain any remaining Operating Profit in an amount sufficient to pay Net Administrative Expenses for such Fiscal Year. C. Third, Owner shall retain any remaining Operating Profit until Owner has retained an amount equal to Owner's 10% Priority Return (which shall be prorated among the Accounting Periods within any given Fiscal Year). D. Fourth, Owner shall retain any remaining Operating Profit in amounts sufficient to pay any remaining Other Qualifying Debt Service for such Fiscal Year (which shall be prorated among the Accounting Periods within any given Fiscal Year). E. Fifth, Owner shall retain any and all such additional amounts as Owner is required pursuant to the terms of the Permanent Loan to pay prior to payment of Incentive Management Fees and Contingent Incentive Management Fees hereunder.

Payment of Incentive. (a) As a condition to receiving the Retrofit Incentive, for each Project, the Participant will continue to meet, and to ensure that the applicable Project meets, the eligibility criteria set out in Exhibit "A". (b) The total amount of the Retrofit Incentive calculated by the IESO in accordance with Section 2.2 will be paid by the IESO as a lump sum payment, upon the occurrence of all of the following: (i) the Project has been completed and achieves its In-Service Date; (ii) The Participant completes and signs a Post-Project Submission Form in the form attached as Exhibit "C" and sends it to the IESO; (iii) The Participant provides the IESO with evidence of the implementation and completion of each Project and verification of each Project’s Eligible Costs, in the form of accounting records and contractor invoices, and any other evidence that the IESO may require, including visual inspections by the IESO or its representatives, provided that the IESO will have the right in its absolute discretion to decide whether or not to accept or approve the evidence provided pursuant to this Section 2.3(b)(iii); (iv) for Projects that do not require the completion and approval of a Final Evaluation and Incentive Report under s. 3.3(a)(ii), any post-Project site visits and inspections required in respect of the Project are completed; (v) for Projects that require the completion and approval of a Final Evaluation and Incentive Report under s. 3.3(a)(ii), the last of such Final Evaluation and Incentive Reports have been finalized; and (vi) if the Project relates to a Multi-Family Building, the activities identified in the Tenant Education Proposal are completed.

Payment of Incentive. (a) For the first two Assessment Periods, the IESO will pay the Energy Manager Incentive as follows: (i) $50,000 upon notice to the IESO of the Energy Manager’s employment start date, or the anniversary thereof, if applicable; and (ii) upon approval by the IESO of the fourth Quarterly Report submitted in accordance with Section 3.3(a)(iii) for the applicable Assessment Period, the amount determined in accordance with Section 2.2(a) minus $50,000; provided that if the amount calculated under Section 2.3(a)(ii) is a negative value, it will be deemed to be $0 (and for certainty, the Participant will not be required to repay any portion of the $50,000 paid to it under Section 2.3(a)(i)). (b) For any subsequent Assessment Periods (if applicable), the IESO will pay the amount determined in accordance with Section 2.2 upon approval by the IESO of the fourth Quarterly Report submitted in accordance with Section 3.3(a)(iii) for the applicable Assessment Period. (c) Where this Incentive Schedule terminates or expires before the end of an Assessment Period, the IESO will pay the amount determined in accordance with Section 2.2 upon approval by the IESO of the final report submitted in accordance with Section 3.3(a)(iii). (d) The IESO will not make payment under Section 2.3(a)(ii) or 2.2(b) until it approves the Energy Management Plan and each Quarterly Report required to be submitted by the Participant for the applicable Assessment Period.

Payment of Incentive. Customer must comply with all terms and conditions of this Agreement in order for Customer to receive the Incentive, including, without limitation, meeting all deadlines and conditions established by the Project Advancement Schedule and the M&V Schedule, submitting to SoCalGas all applicable documents identified in the Project Advancement Schedule and the M&V Schedule prior to each of the established deadlines, and installing and operating the System in accordance with the Application and this Agreement. In the event that all required deliverables and documentation are not timely received by SoCalGas or the System is not completely installed and operational in accordance with the Application and this Agreement, the Application and this Agreement, including SoCalGas' obligation to pay the Incentive, are void and of no further force or effect. Each document submitted by Customer shall be reviewed, and, if appropriate, approved by SoCalGas. Customer must also ensure that SoCalGas and/or its consultants have access to the Project Site for inspections of the System and measurement and validation data collection. Customer understands and agrees that SoCalGas shall pay the Incentive to Customer in two (2) payments, each of which is specifically conditioned upon Customer’s satisfaction of the applicable requirements under this Agreement, including the specific requirements set forth below: