Personal incentive Sample Clauses

Personal incentive bonuses for operators and lab staff A system of personal incentive bonuses is employed to motivate all operators and lab staff. Assessment is carried out on an annual basis. The Employee is familiarized with the outcome in a provable manner. Moreover, his assessment is accessible in the (Intranet-run) Staff self-service. Based on the annual assessment, the Employee is – for a period of one (1) year – awarded a variable component of pay, set as a percentage of his tariff wage. The amounts thereof are as follows: EVALUATION GRADE VARIABLE COMPONENT OF PAY A 5.5 % B1 3.3 % B2 1.5 % C 0
Sample 1
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Personal incentive. Employee's performance will be formally evaluated on or about the expiration of one year following the Start Date. As a result of said performance evaluation, Employee will be granted a bonus of additional options on shares of CKS Group, Inc. Common Stock, depending upon Employee's performance as evaluated by the C.E.O. The criterion for said performance evaluation will be established within the first 30 days of Employee's employment through subsequent negotiations between Employee and Employer; provided, however, such agreement shall be reduced to writing and signed by the parties hereto. This option shall be offered in accordance with and subject to the terms and conditions of the CKS Group, Inc. 1995 Stock Option Plan and any legal or other requirements imposed by law, the corporation's governing documents, or any relevant stock subscription agreements or rules of the corporation. In subsequent years, and depending upon Employee's performance as evaluated by the Employer and subject to the same legal requirements, Employee will be eligible for the options provided to Employer's other executives pursuant to the 1995 Executive Compensation Plan.
Sample 1

Related to Personal incentive

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Retention Award The Company shall pay the Executive $785,000, plus interest at the rate specified below (the “Retention Award”) in a lump-sum cash payment in July 2014, provided that the Executive remains employed through December 31, 2013. The Retention Award shall be credited with interest based on the Prime Rate of SunTrust Bank, Atlanta. For the avoidance of doubt, if the Executive is employed through December 31, 2013, the Company shall pay the Retention Award in July 2014 without regard for the Executive’s termination of employment for any reason between December 31, 2013 and July 2014.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

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