PERFORMANCE-BASED INCENTIVE PROGRAM Sample Clauses

PERFORMANCE-BASED INCENTIVE PROGRAM. 6.5.1 The Performance-Based Imitative Program is in addition to the Management Fee and provides the Parking Operator a financial incentive to perform at the highest possible level. The Performance-Based Imitative Program consists of: (i) performance incentives, and (ii) liquidated damages. Each element will assessed bi-annually starting six months after the Start Date and netted together to make up a total Performance-Based Incentive Program award. Such award, if any, shall be due and payable within 90 days.
Sample 1
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PERFORMANCE-BASED INCENTIVE PROGRAM. The Board and the Superintendent shall work together to develop a performance-based incentive program for the Board's consideration and adoption. The program shall be based on an objective analysis of data and information related to meeting or surpassing the goals and goal progress measures adopted by the Board in accordance with Section 4.1 of this Contract. It is the intent of the parties that the program will be developed so that the 2023-2024 school year may serve as an initial baseline, with performance during the 2024-2025 school year serving as the first opportunity for the Superintendent to qualify for additional compensation. The program may be amended, revised, or terminated by the Board during the term of this Contract or any extension thereof, based on changes to the goals and goal progress measures, the Texas student assessment program, the Texas district and campus accountability program, or other factors that the Board determines require such amendment, revision or termination; provided however, that Board may modify the program/goals/goal measures for future years but once goals/goal measures are set for a particular current year, the Board may not amend such goals/goals measures for the current year (.i.e , 6 months into the performance year) without consent of the Superintendent. Any additional compensation to the Superintendent as a result of the program shall be memorialized by a written Amendment to this Contract approved by the Board and signed by both parties.
Sample 1
PERFORMANCE-BASED INCENTIVE PROGRAM. 5.7.1 The Performance-Based Incentive Program is in addition to the Management Fee and provides Bus Operator a financial incentive to perform at the highest possible level. The Performance-Based Incentive Program consists of: (i) a performance incentive and (ii) liquidated damages. Each element will assessed bi-annually starting six (6) months after the Start Date and netted together to make up a total Performance-Based Incentive Program award. Such award, if any, shall be due and payable within ninety (90) days.
Sample 1
PERFORMANCE-BASED INCENTIVE PROGRAM. 6.11.1 The program is in addition to the Management Fee and provides the Parking Operator a financial incentive to perform at the highest possible level. The program consists of: (i) a performance incentive, and (ii) liquidated damages. Each element will assessed bi-annually starting six months after the Start Date and netted together to make up a total Performance-Based Incentive Program award. Such award, if any, shall be due and payable within ninety (90) days.
Sample 1

Related to PERFORMANCE-BASED INCENTIVE PROGRAM

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

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

  • Performance Incentive 4.10.1 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. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 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.

  • 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.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

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