PROJECT INCENTIVE PAYMENT Sample Clauses

PROJECT INCENTIVE PAYMENT. 4.1 In any week where an employee is ready, willing and available to work in accordance with the company’s lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Clause 15 of this Agreement, an additional payment of $165.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employee’s employment on the project. 4.2 In any week in which an employee engages in industrial activity not approved by the company that ceases or disrupts operations, the payment shall be forfeited in full. 4.3 The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorised absences. Further an employee who commences or terminates employment during the week shall only accrue those days the employee worked on site within that week. 4.4 For the purpose of pro rata entitlements under this clause, the allowance will be calculated at the rate of $23.57 per day.
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PROJECT INCENTIVE PAYMENT a) In any week where an employee is ready, willing and available to work in accordance with their contract of employment and the company's lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Subclause 6.1 and Subclause 7.1 of this Agreement, an additional payment of $165.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employees employment on the project. This payment shall increase to $180.00 from 1 July 2009. b) In any week in which an employee engages in industrial activity not approved by the company that ceases or disrupts operations, the payment shall be forfeited in full. c) The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorised absences. Further an employee who commences or terminates employment during the week shall only accrue those days the employee worked on site within that week. d) For the purpose of pro rata entitlements under this clause, the allowance will be calculated at the rate of $23.57 per day and from 1 July 2009 calculated at the rate of $25.71 per day.
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PROJECT INCENTIVE PAYMENT a) In any week where an employee is ready, willing and available to work in accordance with the Company’s lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Clause 5.1 of this Agreement, an additional payment of $195.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employee’s employment on the Project. Provided that where the employee and the Company agree, payment of this amount shall be made at the end of each four weekly cycle when proceeding on R&R in accordance with subclause 3.13. Such agreement will not be unreasonably withheld by the Company. This payment will increase to $210.00 per completed week of service on site from the first pay period commencing on or after 1 April 2013 and to $215.00 per completed week of service on site from the first pay period commencing on or after 1 April 2015. b) In any week in which an employee engages in any form of industrial action the payment shall be forfeited in full. c) The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorized absences. Further an employee who commences or terminates employment during the week shall only accrue those days the employee worked on site within that week. d) For the purpose of pro rata entitlements under this clause, the allowance will be calculated at the rate of $27.86 per day. This will increase to $30.00 per day from the first pay period commencing on or after 1 April 2013, and to $30.72 from the first pay period commencing on or after 1 April 2015. e) For the purpose of this clause, a completed week of service shall include, time not worked due to annual leave, paid personal leave (including sick and carer’s leave), compassionate leave, jury service, R&R leave days, public holidays, RDO’s, workers compensation to a maximum of two (2) weeks, and approved unpaid leave taken in conjunction with R&R Leave.
Sample 1
PROJECT INCENTIVE PAYMENT a) In any week where an employee is ready, willing and available to work in accordance with the Company’s lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Clause 5.1 of this Agreement, an additional payment of $165.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employees employment on the Project. b) In any week in which an employee engages in any form of industrial action the payment shall be forfeited in full. c) The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorized absences. Further an employee who commences or terminates employment during the week shall only accrue those days the employee worked on site within that week. d) For the purpose of pro rata entitlements under this clause, the allowance will be calculated at the rate of $25.71 per day. e) For the purpose of this clause, a Completed Week of Service shall include, time not worked due to annual leave, paid personal leave (including sick and carers leave), compassionate leave, jury service, R&R leave days, public holidays, RDOs, workers compensation to a maximum of two (2) weeks, and approved unpaid leave taken in conjunction with R&R Leave.
Sample 1
PROJECT INCENTIVE PAYMENT a. In any week where an employee is ready, willing and available to work in accordance with their contract of employment and the Company's lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Clause 5.1 and Clause 6.1 of this Agreement, an additional payment of $165.00 per completed week of service on site will be accrued by the employee and paid out on completion of the employees employment on the Project.
Sample 1
PROJECT INCENTIVE PAYMENT. (a) In any week where an Employee is ready, willing and available to work in accordance with their contract of employment and the Employer’s lawful requirements and in particular, strictly following the procedures for resolving disputes as provided for in clause 34 of this Agreement, an additional payment of $21.43 for each day worked shall be accrued by the Employee and paid out on completion of the Employee’s employment on the Project (Project Incentive Payment). (b) When an Employee has an unauthorised absence or engages in industrial activity not approved by the Employer that ceases or disrupts operations, an Employee will forfeit any Project Incentive Payment accrual for that week. (c) This Project Incentive Payment shall not be paid to Employees whose employment ceases due to dismissal from the Project for misconduct reasons or poor performance or any Employee who resigns from their role.
Sample 1
PROJECT INCENTIVE PAYMENT. (a) In any week where an Employee is ready, willing and available to work in accordance with their contract of employment and the Company's lawful requirements and in particular, strictly following the procedures for resolving grievances as provided for in Clause 6.1 and Clause 7.1 of this Agreement, an additional payment of $165.00 per completed week of service on site will be accrued by the Employee and paid out on completion of the Employees employment on the Project. This payment shall increase to $180.00 from 1 July 2009. (b) In any week in which an Employee engages in industrial activity not approved by the Company that ceases or disrupts operations, the payment shall be forfeited in full. (c) The allowance shall also be forfeited on a pro rata basis with respect to any other unauthorised absences. Further an Employee who commences or terminates employment during the week shall only accrue those days the Employee worked on site within that week. (d) For the purpose of pro rata entitlements under this clause, the allowance will be calculated at the rate of $23.57 per day and from 1 July 2009 calculated at the rate of $25.71 per day.
Sample 1
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Related to PROJECT INCENTIVE PAYMENT

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • 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 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • 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.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.

  • 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 (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) 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: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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