Performance Incentive Payments Sample Clauses

Performance Incentive Payments. 1. Executive shall be eligible to receive an incentive bonus (the “First Incentive Bonus”), provided that Executive’s employment with the Company has not been terminated by the Company for Cause (as such term is defined in the Change of Control Agreement) or by the Executive for any reason on or prior to December 31, 2011 (the “First Incentive Date”). The maximum amount of the First Incentive Bonus shall be four hundred fifty thousand Dollars ($450,000). The actual amount of the First Incentive Bonus paid shall be based on the extent to which the performance metrics set forth on Exhibit A, attached hereto, have been achieved for the 2011 calendar year, as determined by the Senior Vice President and General Manager of the Software and Services Group of Parent, in his or her sole discretion. Payment of the First Incentive Bonus shall be made in a lump sum, subject to tax withholding and other authorized deductions, upon a regularly scheduled Company payroll date, within sixty (60) days following the First Incentive Date. Notwithstanding the foregoing, if the Executive’s employment is terminated by the Company without Cause prior to the First Incentive Date, the Executive will be entitled to receive a pro-rated amount of the First Incentive Bonus, provided that Executive timely executes and does not revoke a Release in accordance with Section III.D.3 below. The pro-rated amount will be determined by multiplying (i) the product of four hundred fifty thousand Dollars ($450,000) and a fraction with the numerator equal to the number of days that have elapsed since January 1, 2011, and the denominator equal to 365 by (ii) the extent to which the performance metrics set forth on Exhibit A, attached hereto, are achieved for the 2011 calendar year, as determined by the Senior Vice President and General Manager of the Software and Services Group of Parent, in his or her sole discretion.
AutoNDA by SimpleDocs
Performance Incentive Payments. In addition to the base rates set out in the preceding sub clause permanent employees shall be entitled to an incentive bonus payment every three (3) monthly period, equivalent to a maximum of 5% of their ordinary time earnings based on rostered ordinary hours, for meeting agreed performance criteria in accordance with Appendix B. The performance criteria shall be assessed at the end of each three (3) monthly period (ie. March, June, September, December), and the bonus entitlement paid as an accumulated lump sum in the first pay period in December of each year. Earnings from rostered ordinary hours shall include base rates and shift payments where applicable. (This shall include all ring-roster shifts.) It will not include overtime nor will it include earnings for periods of Annual Leave, Long Service Leave or Workers Compensation.
Performance Incentive Payments. 37.1 Over the Satellite Operational Lifetime, Contractor shall be entitled to earn the Performance Incentive Payments for the Satellite in accordance with this Clause 37. As used herein, "
Performance Incentive Payments. 37.1.1 The Dispute Settlement Procedure under clause 10 applies to disputes about matters arising under this clause 37, save that if any such dispute is referred to the FWC for resolution, the FWC may not arbitrate the dispute unless both parties expressly agree in writing.
Performance Incentive Payments. Payments additional to fee for service, care management fees and medical home fees that are contingent upon practices’ reporting of and/or performance against the AMH Performance Metrics.
Performance Incentive Payments 

Related to Performance Incentive Payments

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!