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Performance Incentive Sample Clauses

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. 4.9.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.9.1, except the Multiplier, shall apply pro-rata. 4.9.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.9.1 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.
Performance Incentive. The baseline used to calculate the Performance Incentive each RMR Generator that is being compensated under an APR is eligible to recover is set forth in the table below. The incentive shall be calculated in accordance with Rate Schedule 8 to the Services Tariff. The ISO shall use each RMR Generator’s actual performance and the baseline specified in the table below to determine the incentive (if any) it shall pay for performance each month. [ADD TABLE SPECIFYING THE PERFORMANCE BASELINE FOR EACH RMR GENERATOR.]
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.
Performance IncentiveEmployee will be eligible annually, subject to annual approval by the compensation committee of the board of directors of Employer, for a performance incentive of cash and equity awards, generally targeting a range around 100% of Employee’s Salary during the year for which the Performance Incentive is paid (with a general range of 50% to 150%). The Performance Incentive is subject to certain criteria (as further described below) and will be prorated for any partial year of employment with this benefit. The Performance Incentive consists of a cash bonus opportunity and an equity incentive opportunity, generally split between cash and equity compensation at a ratio of one-third cash and two-thirds equity. Payment of this Performance Incentive is dependent (a) first upon Employer performance (success, profitability, and other metrics) within the ranges approved by Employer’s board of directors; (b) second, performance of the departments and personnel you are responsible for supervising, in accordance with the budget, metrics and strategic objectives that may be established by Employer and/or the board of directors from time to time; and (c) third, upon your individual performance. As with all executive compensation, Performance Incentives are subject to modification by the compensation committee of the board of directors as determined appropriate each year in connection with their duties to review executive compensation. For the sake of clarity, Performance Incentives might not be paid in years where Employer does not achieve its performance goals within the parameters established by the board of directors.
Performance Incentive. If a Transaction is consummated, Executive shall be entitled to a bonus (the "Performance Incentive Bonus") of $150,000 payable 30 days after the consummation of such Transaction (the "Final Transaction Date"); provided, however, that (i) the Performance Incentive Bonus shall not be payable if, prior to the Final Transaction Date, Executive's employment with the Company is voluntarily terminated without Good Reason or is involuntarily terminated for Cause and (ii) the Performance Incentive Bonus shall be payable if Executive's employment is voluntarily terminated with Good Reason or involuntarily terminated not for Cause prior to the Final Transaction Date. Notwithstanding the foregoing and paragraph 1(b) below, both the Performance Incentive Bonus and the Premium Incentive Bonus (as defined in such paragraph 1(b)) shall be payable if Executive voluntarily terminates his employment prior to the Final Transaction Date in order to accept an offer of employment from FMC.
Performance Incentive. (a) So long as the General Partner continues to serve in that capacity, and for each Limited Partner for which the Partnership Return earned by the Limited Partner for the applicable Incentive Period exceeds the greater of the Hurdle Rate for that Incentive Period or (2) the Loss Carryforward Amount, if any, the Performance Incentive will be debited against the Capital Account of that Limited Partner as of the last day of the Incentive Period, and the amount so debited will be credited simultaneously to the Capital Account of the General Partner, or, subject to compliance with the 1940 Act and the Advisers Act, to the Capital Accounts of the Partners as have been designated in any written notice delivered by the General Partner to the Partnership within 90 days after the close of the Incentive Period. (b) Within 30 days after the close of each Incentive Period with respect to each Limited Partner, the General Partner may withdraw up to 100% of the Performance Incentive (computed on the basis of unaudited data) that was credited to the Capital Account of the General Partner, and debited from the Limited Partner's Capital Account with respect to the Incentive Period. The Partnership may pay the General Partner the undrawn balance, if any, of the Performance Incentive (subject to audit adjustments) within 30 days after the completion of the audit of the Partnership's accounts pursuant to Section 7.1 of this Agreement. (c) The General Partner may rebate all or a portion of the Performance Incentive to certain employees of the Adviser that qualify as "knowledgeable employees" under Rule 3c-5 under the 1940 Act.
Performance Incentive. 4.14.1 If the Seller delivers Coal to the Purchaser in excess of ninety (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 = Weighted average Contract Prices corresponding to the GCV of Coal supplied from
Performance Incentive. When the coaching efforts of Employee result in the Men’s Tennis Team being recognized in any of the following ways, Employee will be paid a performance incentive in the amounts indicated below. Unless otherwise noted, earned performance incentives (“Performance Incentives”) included within each “Group” below are not cumulative within each Group (the Employee is awarded based on the highest level achieved within each Group, if applicable) and do not affect Base Salary. The payment of all Performance Incentives shall be subject to the approval of the Associate Vice President/Director of Intercollegiate Athletics or designee. Retirement contributions for incentive compensation will made in accordance with State of Illinois law and University regulations. Group 1. Graduation Success Rate (“GSR”). For each full academic year the Employee is Head Coach and the Men’s Tennis Team achieves a GSR as defined by the NCAA and as outlined below, Employee will receive the corresponding additional compensation no later than June 30 of the current academic year less all mandatory payroll deductions. This performance incentive is not cumulative. Without prejudice to the foregoing, Employee must be employed by the University as Men’s Tennis Head Coach on the date the GSR score is released to the public by the NCAA to be eligible for this Group 1 Performance Incentive. • A GSR greater than or equal to 70% $250 • A GSR greater than or equal to 75% $500 • A GSR greater than or equal to 80% $750 Group 2. Academic Progress Rate (“APR”). For each full academic year the Employee is Head Coach and the Men’s Tennis Team achieves a multi-year APR as defined by the NCAA and as outlined below, Employee will receive the corresponding additional compensation no later than June 30 of the current academic year less all mandatory payroll deductions. This performance incentive is not cumulative. Without prejudice to the foregoing, Employee must be employed by the University as Men’s Tennis Head Coach on the date the APR score is released to the public by the NCAA to be eligible for this Group 2 Performance Incentive. • An APR greater than or equal to 960 $250 • An APR greater than or equal to 970 $500 • An APR greater than or equal to 980 $750
Performance Incentive. 4.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ for a Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”) for the excess Coal supplied: Percentage of actual deliveries Percentage of Incentive at the rate of weighted average Notified Price of Grades of Coal supplied Above 90% but up to 95% of ACQ 0 - 10 Above 95% but up to 100% of ACQ 10 - 20 Actual Deliveries = Actual Quantity [in tonnes] of Coal delivered by the Seller for the relevant Year. 4.12.2 The incentive payable shall be calculated in the same manner as done slab-wise for computation of income-tax. However, unlike income tax, the percentage of incentive shall grow on linear basis within each slab. 4.12.3 With respect to part of Year in which Term of this Agreement begins or ends, the relevant quantities in Clause 4.12.1, shall apply pro-rata.
Performance Incentive. Each eligible employee (teacher, teacher consultant) who meets goals or exceed goals on his/her 2011-12 teacher evaluation will be paid a $500 performance incentive bonus during the summer of 2012.