Sales Incentive Sample Clauses

Sales Incentive. If AMERX net sales for fiscal 2024 quarter increase 25% or more over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 7.50% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter. The Sales Incentive Bonus will be paid by AMERX to the Executive 30 days following the end of the fiscal quarter Profit Incentive: The profit incentive, which includes profit from product sales, as well as profit from other activities which may be designated from time to time by the Board of Directors, will be based on audited fiscal year 2024. AMERX Profit Bonus:
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Sales Incentive. (a) You may be eligible to participate in the Company's sales incentive plan. (b) Your participation is subject to the rules of the plan and the Company may amend or revoke these rules at any time. They do not form part of your employment agreement. (c) Your participation in the plan, and all payments and benefits under the plan (if any), are at the absolute discretion of the Company and may be varied or discontinued from time to time. In doing so, the Company will not be required to replace the sales incentive or provide any benefit or other form of compensation to you. (d) Any payment to you will be net of any applicable tax and superannuation contribution which the Company is required to make in respect of any incentive payment.
Sample 1
Sales Incentive. (i) For the calendar year 2015, Executive will be eligible to earn a Sales Incentive determined by the financial results of the North American Sales & Marketing organization, with an overall annual target amount of $500,000 (Five Hundred Thousand Dollars), payable in monthly installments. The specific criteria for this Sales Incentive were determined by the Compensation Committee under and in accordance with the Diamond Resorts International, Inc. 2013 Incentive Compensation Plan. (ii) For each calendar year during the term beginning January 1, 2016, Executive will be eligible to earn a Sales Incentive determined by the financial results of the North American Sales & Marketing organization, with an overall annual target amount of $500,000 (Five Hundred Thousand Dollars), payable as follows: An amount of the Sales Incentive up to $250,000 (Two Hundred Fifty Thousand Dollars) per year, will be payable in monthly installments. The specific criteria for this Sales Incentive will be determined by the Compensation Committee in its discretion prior to the start of each calendar year covered by the incentive. To the extent payments would be in excess of $250,000 in a calendar year, Executive will be eligible to earn such excess upon achievement of the objectives determined by the Compensation Committee in its discretion under and in accordance with the Diamond Resorts International, Inc. Bonus Compensation Plan for purposes of eligibility for the Annual Performance Bonus under Section 3.2. Any amount due to Executive in excess of $250,000 under the preceding sentence will be paid at the same time and in addition to any Annual Performance Bonus under Section 3.2.
Sample 1
Sales Incentive. The Company will establish a Sales Incentive program, commencing on January 1, 2011, whereby Employee will be eligible to earn a Sales Incentive in the amount of 35% of her Base Salary. Sales incentive is payable at achievement of 95% of financial goal, with the bonus calculated using the percentage of goal achieved with a floor of 95% and up to a maximum of 150%. For example, should the actual results be 120% of the goal amount, the Incentive would be 120% of 35% or 42% of Employee’s Base Salary ($73,500). The goal for each year will be established by mutual agreement of the Employee and Company by January 31 of each plan year.
Sample 1
Sales Incentive. Your Sales Commission, to the extent earned, shall be paid in accordance with the Lantronix Sales Incentive Plan. Currently the Lantronix Sales Incentive Plan is paid as a monthly draw approximately two (2) months following the applicable sales month, with adjustments made each quarter (“true-up”). Full payment of Sales Commission for applicable quarters shall therefore be paid on a quarterly basis, two (2) months following the end of each fiscal quarter (and following the date upon which the Company publically releases its quarterly financial statements). In the event that your employment with the Company terminates prior to the end of a fiscal quarter, the Sales Commission for such partial fiscal quarter will be paid out on an as-earned basis and will be calculated based on actual results through your termination date, and in accordance with the Lantronix Sales Incentive Plan. Any Sales Commission payments shall be less applicable withholdings and deductions. You shall be eligible to receive a quarterly Sales Commission of up to $18,000, annualized at $72,000, and paid on a pro rata basis according to the actual number of months worked during the fiscal quarter, and based on the Company meeting minimum annual worldwide sales revenue as per the Lantronix Sales Incentive Plan. The annual commission is not capped and should you over-achieve the sales quota, you will earn more than the targeted commission as per the Lantronix Sales Incentive Plan. Your Sales Commission will be guaranteed at 100% for the first six months of employment. Lantronix reserves the right to change or discontinue the plan at any time.
Sample 1
Sales Incentive. 11 7.4 Audit........................................... 11
Sample 1
Sales Incentive. LSI shall pay Vendor a sales assistance fee equal to an amount mutually agreed upon at the time it purchases Products. Such fees shall be used by Vendor in any manner to provide incentive to Vendor's sales personnel as a result of Customers entering into Leases under the Program, including, without limitation, as bonuses, incentive programs, sales commissions and other awards.
Sample 1
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Sales Incentive. In addition to the flat fee, Selling Agents that CLOSE multiple Sky Castle homes between January 1 and December 31 will be paid an additional bonus according to the Bonus Schedule. In order to collect additional bonus, selling agent must submit Closing Form with contract. Additional terms, the Bonus Schedule and the Closing Form can all be found on Sky Castle’s website. TENNESSEE RESIDENTIAL PROPERTY CONDITION EXEMPTION DISCLOSURE SELLER Date BUYER BUYER Date Date ADDENDUM 3 WIRE FRAUD WARNING BUYER BUYER
Sample 1

Related to Sales Incentive

  • 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 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 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.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • 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 Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • 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.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • 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”).

  • 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.

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