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 two million Dollars ($2,000,000). 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 two million Dollars ($2,000,000) 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.
2. Executive shall be eligible to receive an incentive bonus (the “Second Incentive Bonus”), provided Executive is employed with the Company as of January 1, 2012, and his 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 December 31, 2012 (the “Second Incentive Date”). The target amount of the Second Incentive Bonus shall be two million Dollars ($2,000,000). The actual amount of the Second Incentive Bonus paid shall be based on the extent to which the performance metrics set fort...
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.
37.1.2 In accordance with clause 37.1.4, and subject to clause 37 more generally, pilots will be eligible for a Performance Incentive Payment, in respect of the financial year commencing 1 July 2023 to 30 June 2024 and each financial year thereafter.
37.1.3 For the purposes of this clause, “Reference Incentive Plan” means the Qantas Manager Incentive Plan, and “Scorecard Outcome” means the percentage of the Qantas Manager Incentive Plan Scorecard Outcome applicable to Executives in the Qantas Domestic Segment as determined by the Board of Qantas in its absolute discretion.
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" means a maximum amount equal to [o], which shall be paid in advance by AsiaSat in accordance with Appendix A, Payment Schedule and Billing Milestones for AsiaSat 5 (the "Advance Payment"), subject to the following adjustment in the event that at the start of the Satellite Operational Lifetime, the Satellite is reasonably determined by Contractor to have any permanently Failed Transponders (as defined below) which failure is not attributable in whole or part to AsiaSat or AsiaSat's representatives, consultants or subcontractors as set forth in Clause 37.2.(g): [o]
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