PERFORMANCE-BASED INCENTIVE PROGRAM Sample Clauses

PERFORMANCE-BASED INCENTIVE PROGRAM. 6.11.1 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. 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
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

Related to PERFORMANCE-BASED INCENTIVE PROGRAM

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • 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.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out-

  • 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 Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • Performance Goals A. The Trust and State Street have developed mutually acceptable performance goals dated March 1, 2011 , and as may be amended from time to time, regarding the manner in which they expect to deliver and receive the services under this Agreement (hereinafter referred to as “Service Level Agreement”). The parties agree that such Service Level Agreement reflects performance goals and any failure to perform in accordance with the provisions thereof shall not be considered a breach of contract that gives rise to contractual or other remedies. It is the intention of the parties that the sole remedy for failure to perform in accordance with the provisions of the Service Level Agreement, or any dispute relating to performance goals set forth in the Service Level Agreement, will be a meeting of the parties to resolve the failure pursuant to the consultation procedure described in Sections V. B. and V.C. below. Notwithstanding the foregoing, the parties hereby acknowledge that any party’s failure (or lack thereof) to meet the provisions of the Service Level Agreement, while not in and of itself a breach of contract giving rise to contractual or other remedies, may factor into the Trust’s reasonably determined belief regarding the standard of care exercised by State Street hereunder.

  • Educational Incentive Program 15.2.1 A regular monthly classified unit member covered by this Agreement shall be granted a one-step increase (up to a step maximum of step G for Office/Technical unit members) on the first (1st) of the month following verification of satisfactory completion (grade of “C” or above) of twelve (12) semester units of credit from an accredited institution. Courses must have been enrolled in and credits must have been earned subsequent to the unit member's employment with the District. Official transcripts verifying a grade of “C” or above will be considered proof of satisfactory completion, in addition to the Educational Incentive Program Request for Salary Advancement Form, shall be provided by the eligible unit member and forwarded to the Office of Human Resources. Units of credit obtained prior to promotion must be applied toward step movement within sixty (60) calendar days of effective promotion date. The unit member shall ensure that the Compensation department is aware of these additional credits within this sixty (60) day period.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • RETIREMENT INCENTIVE PROGRAM A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below:

  • Performance Measurement Satisfactory performance of this Contract will be measured by:

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