Targeted Incentives Clause Samples
The Targeted Incentives clause establishes specific rewards or benefits for achieving predefined goals or milestones. Typically, this clause outlines the criteria for earning incentives, such as meeting sales targets, completing projects ahead of schedule, or reaching certain performance benchmarks. By clearly linking incentives to measurable outcomes, the clause motivates parties to focus their efforts on key objectives and ensures that rewards are distributed fairly and transparently based on actual results.
Targeted Incentives. In addition to the compensation set forth elsewhere in this Section 4, Executive shall be eligible to participate in the Company’s long term incentive plan and short term incentive plan (collectively, “Targeted Incentives”) as determined by the Company from time to time. Such participation shall be governed by the terms and subject to the conditions of such plans, as may be in effect from time to time, including without limitation conditions as to performance targets, length of service and clawback policies. Unless otherwise expressly indicated in any agreement or plan governing a Targeted Incentive and except as provided in Sections 5.2 and 5.3, Executive shall not be eligible to receive any Targeted Incentive unless Executive is employed with the Company on the date such Targeted Incentive is paid. Unless otherwise expressly provided in the terms governing any Targeted Incentives, and except as provided in Sections 5.2 and 5.3, all Targeted Incentives earned by Executive will be paid not later than March 15 of the calendar year immediately following the calendar year to which the Targeted Incentive relates.
Targeted Incentives. In addition to the compensation set forth elsewhere in this Section 4, Executive shall be eligible to participate in the Company’s long term incentive plan (the “LTIP”) and short term incentive plan (the “STIP”). Such participation shall be governed by the terms and subject to the conditions of such plans, as may be in effect from time to time, including without limitation conditions as to performance targets, length of service and clawback policies. Unless otherwise expressly indicated in any agreement or plan governing an incentive pursuant to the LTIP or STIP (collectively, the “Targeted Incentives”), Executive shall not be eligible to receive any Targeted Incentive unless Executive is employed with the Company on the date such Targeted Incentive is paid. Unless otherwise expressly provided in the terms governing any Targeted Incentives, all Targeted Incentives earned by Executive will be paid not later than March 15 of the calendar year immediately following the calendar year to which the Targeted Incentive relates. With respect to the fiscal year 2013 STIP, 2014 STIP and the LTIP for the 2014-2016 performance period, Executive will be entitled to the following opportunities:
(a) In lieu of an opportunity pursuant to the 2013 STIP, the Company will pay Executive a bonus of $70,000 in calendar year 2014, to be paid not later than the date on which 2013 STIP awards are paid. Executive’s opportunity for the 2014 STIP will have a target payout amount of $100,000.00, subject to achievement of individual and Company goals.
(b) Executive will be eligible to receive a grant pursuant to the terms of the 2014-2016 LTIP with a target value of $100,000.00, subject to the achievement of individual and Company goals.
Targeted Incentives. For each calendar year that ends during the Term, Executive shall be entitled to participate in the Company’s short term incentive plan (“STIP”) and long term incentive plan (“LTIP”) governed by the terms and subject to the conditions of each plan (collectively, the “Targeted Incentives”). Any Targeted Incentive may be paid, in the discretion of the Company, in the form of cash or equity grants. Any such participation will be at the discretion of the Company and shall be governed by the terms and subject to the conditions of such plans, as may be in effect from time to time, including without limitation conditions as to performance targets and length of service. Unless otherwise expressly indicated in any agreement or plan governing a Targeted Incentive, Executive shall not be eligible to receive any Targeted Incentive unless Executive is employed with the Company on the date such Targeted Incentive is paid. Unless otherwise expressly provided in the terms governing any Targeted Incentives, all Targeted Incentives earned by Executive will be paid not later than March 15 of the calendar year immediately following the calendar year to which the Targeted Incentive relates. During the Term, Executive will be entitled to the following opportunities:
Targeted Incentives. USAA Bank shall have sole discretion over the use of payments earned by it that arise from OEM incentive payment programs made available in a programmatic fashion through TrueCar for buyers of certain makes or models of vehicle (“Targeted Incentives”). TrueCar will endeavor to add further Targeted Incentive programs over time and the Parties agree to use best efforts to cause all existing and future Targeted Incentive programs initiated by the Parties to be contracted and billed through TrueCar.