Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to subsections 3.1.1; 3.1.2; 3.1.3; 3.1.6; or 3.1.7 of Section 3.1 of this Agreement, Company shall, within 14 calendar days following the Separation Date, also pay to Employee, Employee’s spouse or Employee’s estate, as the case may be, any amounts due to Employee for unpaid and pro rata amounts to which Employee is entitled as of the Separation Date pursuant to Section 2.2 of this Agreement.
Payment of Incentive Compensation. (a) You have been granted a Performance Unit that provides for the payment of cash incentive compensation in accordance with the terms and conditions of this Section 2.
(b) The Company agrees that, within 30 days of receipt of any Carried Interest Distribution, the Company shall pay the Cash Compensation (as defined below) due Participant under Section 2(c).
(c) Participant shall receive as incentive compensation a cash amount ("Cash Compensation") equal to ____% (the "Specified Percentage") of the aggregate amount of Carried Interest Distributions, if any, received by CT-F2 prior to or upon the Fund II Dissolution after deduction for the aggregate amount of Clawback Payments, if any, paid or payable by the Company or CT-F2. If following the payment of any Cash Compensation to Participant, Clawback Payments that have not been deducted prior to such payment in accordance with the foregoing are paid by or on behalf of CT-F2, Participant agrees and undertakes to refund and pay to CT-F2 the portion of the Cash Compensation that would have not been earned and paid to Participant had the Clawback Payments been deducted from Carried Interest Distributions prior to the payment thereof to Participant.
(d) All amounts of Cash Compensation due to Participant under Section 2(c) shall be subject to deduction by the Company for amounts required to be deducted or withheld under any provision of U.S. federal, state or local law (including but not limited to, social security payments, income tax withholding, and any other deduction required by law) currently in effect or which may hereafter become effective.
Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to subsections 3.1.1; 3.1.2; 3.
Payment of Incentive Compensation. Each of the incentive compensation amounts described in Section 5(a) which shall be payable for any calendar year during the Term shall be paid on or before March 15 of the immediately succeeding year, provided, that, payment at any time during such immediately succeeding year shall be deemed to be payment during such year, and, provided, further, that except in the case of the termination of the Executive’s employment without Cause pursuant to Section 11 hereof, the Executive shall be actively employed by the Company on the date of such payment.
Payment of Incentive Compensation. (a) Except as otherwise provided in (b) below, the Company will pay the Incentive Compensation to the Participant in a single lump payment within five (5) business days following the close of the Qualifying Transaction.
(b) In the event that the Qualifying Transaction closes in multiple stages, the Company, at its sole discretion, may pay the Incentive Compensation either in a single lump sum payment or in installments over a period not exceeding six (6) months following the initial close of the Qualifying Transaction.
Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to Sections 3.1.1; 3.1.2; 3.1.3; 3.1.6; or 3.1.7 of this Agreement, the Company shall, within 14 calendar days following the Separation Date, also pay to Employee or Employee’s serving spouse (or, if none, Employee’s estate) as the case may be, amounts to which Employee is entitled as of the Separation Date, as a pro rata portion of any unpaid cash incentive compensation determined under Section 2.2 for the calendar year in which the Separation Date occurs. That pro rated cash incentive compensation shall be based on the achievement of Employee’s objectives (also pro rated, to the extent possible) during the portion of the year before the Separation Date; and the pro rated amount shall be based on the number of days in that portion, as compared with the entire year.
Payment of Incentive Compensation. Incentive Compensation shall be due and payable in cash after forty (40) days but not later than seventy-five (75) days after the end of the Plan Year.
Payment of Incentive Compensation. Manager’s right to receive Incentive Compensation shall be earned on a quarterly basis for each Performance Improvement Initiative; provided, however, that no Incentive Compensation shall be earned by, or due to, Manager during the initial ninety (90) days following the Effective Date of this Agreement (the “Initial 90-Days”). During the Initial 90-Days, Manager and HOSPITAL shall evaluate the Performance Benchmarks and validate the Incentive Compensation Pool as described above in this Schedule 1.3 with the mutual understanding that Incentive Compensation may be earned only during any quarter following the Initial 90-Days. Program Director [TO BE COMPLETED] Schedule management Credentialing General overview of Service Line operations Review daily care plans/strategies with nursing leadership and staff Coordination of Performance Improvement Initiatives 19 Procedural Suite Leader [TO BE COMPLETED] Procedural area physician schedules and associated staff support 15 Quality Leader [TO BE COMPLETED] Review cases/reports/complications and/or unexpected deaths in the lab 9 * In addition to the hours above, any medical director or a combination of all medical directors shall provide an additional 6 to 12 hours per month meeting with community physicians regarding the Service Line capabilities and Performance Improvement Initiatives and/or developing educational and marketing materials describing the Service Line capabilities and Performance Improvement Initiatives, all of which shall be subject to HOSPITAL’s review and final approval.
Payment of Incentive Compensation. (a) The Participant has been granted a Performance Unit that provides for the payment of cash incentive compensation in accordance with the terms and conditions of this Section 2.
(b) The Company agrees that, within 30 days of receipt of any CT Legacy Asset Recovery Distributions by (i) the Company and/or its wholly owned subsidiaries, (ii) any successors in any consolidation, merger or other acquisition with or of the Company and/or its subsidiaries and/or (iii) any transferees of the Company’s beneficial interest in the CTLR Common Stock (collectively, the “CT Entities”), the Company shall pay the Cash Compensation (as defined below) due Participant under Section 2(c) hereof.
(c) The Participant shall receive as incentive compensation a cash amount equal to % of the Employee Pool Amount (“Cash Compensation”).
(d) For purposes of Section 2(c) hereof, the term “Employee Pool Amount” shall equal the sum of: (i) 3.375% of total CT Legacy Asset Recovery Distributions up to $24,148,340; (ii) 7.75% of total CT Legacy Asset Recovery Distributions in excess of $24,148,340 up to $105,700,000 and (iii) 6.75% of total CT Legacy Asset Recovery Distributions in excess of $105,700,000 up to $291,844,294. The Employee Pool Amount shall be subject to cap limitations determined as follows. The Employee Pool Amount for any calendar year shall not exceed in the aggregate $7,500,000 and the Employee Pool Amount shall not exceed in the aggregate $19,700,000. The aggregate amount of cash compensation otherwise payable to all participants awarded a participation in the Employee Pool Amount pursuant to the Program that exceeds $7,500,000 in any calendar year shall be paid to the respective participants in the following calendar years, in each case subject to the forgoing limitations.
Payment of Incentive Compensation. All Incentive Compensation earned for any year in excess of any applicable Bonus Draw shall be paid partly in cash and partly in restricted stock of FR, on the basis of 60% cash and 40% restricted stock. The restricted stock will vest over a three (3) year period following the date of issuance, on a level pro rata basis of 33-1/3% at the end of each of years one (1), two (2) and three (3) following issuance. Subject to the approval of the Compensation Committee, the restricted stock shall be denominated based on a discounted issuance price equal to approximately 75-85% of its trading price as of the date of issuance. Under all circumstances, the discount afforded by the Compensation Committee to you will be the same as the discount afforded to the CEO, CIO, CFO and Executive Vice President — Development of FR. Any payment of Incentive Compensation pursuant to this Section 3 will require your continued employment through the payment date, which will normally be no later than 2 1/2 months following the close of the annual performance period. Termination of employment, for any reason other than under Paragraphs 5(a) (termination by FR without cause), 5(c) (change in control), 5(d) (death or disability) and 5(e) (change in responsibility), prior to the payment date will result in the forfeiture of any right to payment of the Incentive Compensation amount.
