Sales Incentive Program Sample Clauses

Sales Incentive Program. For every new incremental $1million in sales annually Executive will be awarded 5,000 shares of Soupman, Inc. stock. The maximum amount of shares to earn is 500,000 shares based on a cap of $100 million in sales for this bonus.
Sample 1
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Sales Incentive Program. Promptly following the date of this Agreement, the Parties shall work in good faith to design and mutually agree on the terms of a sales incentive plan providing for incentive bonuses of up to $10,000,000 in the aggregate to eligible Transferred Employees, which terms shall generally include the eligibility, performance and other guidelines set forth on Schedule 6.5 (the “Sales Incentive Program”). If this Agreement terminates for any reason other than pursuant to Section 9.1.4, within 30 days following such termination, Buyer shall pay to Seller the amount owed, or committed to be paid, by Seller pursuant to the Sales Incentive Program up to an aggregate of $10,000,000, plus all applicable employer payroll taxes and similar amounts. Seller shall, following consultation in good faith with Xxxxx, communicate to eligible Business Employees the relevant provisions in this Section 6.5. Seller shall provide Buyer with a copy of the template communication at least 10 Business Days prior to such communication and will reflect any comments promptly received from Seller. For the avoidance of doubt, Xxxxx’s obligations under this Section 6.5 shall be in addition to Buyer’s other obligations under this Article 6.
Sample 1
Sales Incentive Program. The Employee shall be eligible to participate in the Company’s sales incentive program for sales personnel, as in effect and as amended from time to time by the Company (the “Sales Program”). In connection with the Sales Program, the Employee will be entitled to a sales incentive equal to one-quarter of one percent (0.25%) of the net revenue collected and earned from Products sales originated by the Employee and any other salesperson employed by the Company, payable quarterly in arrears (the “Sales Incentive”). The Company and the Employee acknowledge and agree that the Sales Incentive will terminate effective December 31, 2019, notwithstanding any extension of the Term hereunder as set forth in Section 6 hereof.
Sample 1
Sales Incentive Program. Commencing on the Effective Date and continuing through April 30, 2019, the Employee shall be eligible to participate in the Company’s sales incentive program for sales personnel, as in effect and as amended from time to time by the Company (the “Sales Program”). In connection with the Sales Program, commencing on the Effective Date and continuing through April 30, 2019, the Employee will be entitled to a sales incentive equal to one-quarter of one percent (0.25%) of the net revenue collected and earned from Products sales originated by the Employee and any other salesperson employed by the Company, payable quarterly in arrears (the “Sales Incentive”). The Company and the Employee acknowledge and agree that the Sales Program, the Sales Incentive and any other sales incentives and commissions will terminate effective May 1, 2019.
Sample 1
Sales Incentive Program. Immediately following the Closing, Seller and Purchaser shall establish a sales incentive bonus program (the "Incentive Bonus Program") for certain identified sales staff of Seller ("Eligible Sales Staff") engaged in the transition of customer accounts from Seller to Purchaser during the Earn-Out Period. Seller and Purchaser shall each contribute an amount equal to one and one-half percent (1.50%) of the first $8,000,000 of Earn-Out Revenues during the Earn-Out Period (i.e. $120,000) to the Incentive Bonus Program (each such contribution, a "Sales Incentive Contribution" and, collectively, the "Sales Incentive Contributions"). The Sales Incentive Contributions shall be funded by Purchaser and Seller on a quarterly basis within fifteen (15) days following the end of each fiscal quarter and any payments to Eligible Sales Staff shall be made within thirty (30) days following the end of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2004. In the event that Seller fails to make any Sales Incentive Contribution(s) as required by the terms hereof, Purchaser shall have the right, but not the obligation, to make such Sales Incentive Contribution(s) on Seller's behalf and to set off the amount(s) thereof against the amount of any Contingent Consideration payable to Seller pursuant to Section 2.4(b) hereof. The administration of the Sales Bonus Program (i.e. determination of eligible staff, defined level of support, projected payment amounts, etc.) shall be determined by one designated representative of Seller and two designated representatives of Purchaser and all such determinations shall be final. The amount of any Sales Incentive Contributions that are not distributed to Eligible Sales Staff on or before the end of the Earn-Out Period pursuant to the terms of the Incentive Bonus Program shall be returned to Purchaser and Seller in the same proportions as such Incentive Sales Contributions were originally made within thirty (30) days following the end of the Earn-Out Period. All Incentive Sales Contributions shall be held by Purchaser pending distribution to Eligible Sales Staff and/or return to Purchaser and Seller as provided herein. In the event that Purchaser and Seller are unable to agree on the determination of any matter under this Section 7.4, either Purchaser or Seller may deliver to the other a Dispute Notice and, thereafter, the parties shall endeavor to resolve such disputed items in the manner, and pursuant to the terms, p...
Sample 1
Sales Incentive Program. For every new incremental $1million in sales annually Xx. Xxxxxx will be awarded 5,000 shares of SoupMan Inc. stock. The maximum amount of shares to earn is 500,000 shares based on a cap of $100 million in sales for this bonus. The potential earn of sales incentive is 500,000 additional shares of SOUP.
Sample 1

Related to Sales Incentive Program

  • 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.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Bonus Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • 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.

  • 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.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • 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.]

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