PERFORMANCE PROGRAM Sample Clauses

PERFORMANCE PROGRAM. In respect to each fiscal year ending during the term of Executive's employment hereunder commencing with the fiscal year ending December 31, 1997 (but only as to the fourth quarter of fiscal 1997), Executive shall receive as additional compensation for services rendered to the Company an incentive bonus in cash in an amount equal to fifteen percent (15%) of an annual bonus pool which shall be equal to fifty percent (50%) of the Company's net income as reflected on its audited financial statements for the applicable fiscal year (in accordance with generally accepted accounting principles, consistently applied with prior years) in excess of the Company's budgeted net income ("Budgeted Net Income") as determined by the Compensation Committee of the Company for the fiscal year. For the purposes hereof and notwithstanding anything else contained herein, if and when any class of shares of the Company's capital stock becomes publicly traded, Budgeted Net Income for any fiscal year or quarter shall not be greater than the average of net income estimates of the analysts who regularly provide estimates of the Company's net income, as last reported prior to the commencement of the fiscal year ("Net Income Estimates"). The bonus paid to Executive for any year may not exceed $50,000. The Executive shall be entitled to receive the estimated amount of the bonus (the "Estimated Bonus Payment"), net of applicable withholding and other taxes, within fifteen (15) days after the end of the calculation of net income for each quarter during the term of Executive's employment hereunder, such Estimated Bonus Payment to be based on the Company's net income as reflected on the Company's unaudited consolidated financial statements as reviewed and approved by the Board for the applicable quarter in excess of the Company's budgeted net income for the quarter. The Estimated Bonus Payments will be subject to upward or downward adjustment based on the Company's annual audited consolidated financial statements (the "Adjustment"). The Adjustment shall be paid by the Executive to the Company, or shall be paid by the Company to the Executive, as the case may be, within fifteen (15) days of receipt of the Company's audited consolidated financial statements. In the event the Executive does not reimburse the Company for any Adjustment within such fifteen-day period, the Company shall have the right to offset the Adjustment against any other payments due to the Executive hereunder. The bonus sh...
Sample 1
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PERFORMANCE PROGRAM. Executive shall be eligible to participate 1n a performance bonus program. Pursuant thereto, the Company shall, on July 1, 1995, pay to Executive, as additional incentive compensation for the services to be rendered by Executive hereunder, assuming Executive is then employed by the Company on such date, an incentive bonus in cash in an amount equal to twenty percent (20%) of any additional principal payments required to be made by Xxxxxx Xxx Xxxxx, Xx. ("Xxxxx") to the Company pursuant to Xxxxx'x promissory note in favor of the Company, in accordance with the formula set forth on SCHEDULE 1 attached hereto and made a part hereof, Executive shall not be eligible to receive such a bonus pursuant to this SECTION 3.2 if the goals set forth in SCHEDULE 1 attached hereto are not achieved by the Company for any reason. In addition to the foregoing, executive shall be eligible to participate in such other performance bonus programs as may from time to time be established by the Company for the benefit of Executive.
Sample 1Sample 2
PERFORMANCE PROGRAM. Manual (PPM) -------------------------------- The PPM is the users' guide for the Performance Engineering Program (PEP).
Sample 1
PERFORMANCE PROGRAM. If your Coaching is provided under the 'High Performance Program' and you are unable to attend a scheduled Coaching session due to your participation in a TA- endorsed tournament, you must notify TA at least 7 days prior to the session. After you so notify, TA will make a pro-rata adjustment to your next direct debit instalment to account for the missed lesson.
Sample 1
PERFORMANCE PROGRAM. The results of discussions with the professional employee, in accordance with provisions of (3) through (5) above, shall be reduced to writing by the immediate supervisor and shall constitute the performance program on which formal evaluation for the ensuing evaluation period will be based. The evaluation period cannot start prior to the date upon which the employee receives a copy of the written performance program.
Sample 1

Related to PERFORMANCE PROGRAM

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is 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 Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.

  • 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.

  • Performance Review Where a performance review of an employee’s performance is carried out, the employee shall be given sufficient opportunity after the interview to read and review the performance review. Provision shall be made on the performance review form for an employee to sign it. The form shall provide for the employee’s signature in two (2) places, one (1) indicating that the employee has read and accepts the performance review, and the other indicating that the employee disagrees with the performance review. The employee shall sign in only one (1) of the places provided. No employee may initiate a grievance regarding the contents of a performance review unless the signature indicates disagreement. An employee shall, upon request, receive a copy of this performance review at the time of signing. An employee’s performance review shall not be changed after an employee has signed it, without the knowledge of the employee, and any such changes shall be subject to the grievance procedure of this Agreement. The employee may respond, in writing, to the performance review. Such response will be attached to the performance review.

  • 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.

  • 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.

  • 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 Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

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