Value Oriented Incentive Proms Sample Clauses

Value Oriented Incentive Proms. (Incentive Program). Platinum Elite VAR will be provided the opportunity to participate in the VOIP program. This program has been designed to reward Platinum Elite VAR, with additional discounts (up to 5%) against your total FY02 sales of Mitel products for bringing value to the Platinum Elite VAR program. The program will consist of five elements; customer satisfaction (value), technical efficiency, Mitel Networks accreditation, purchased demo systems and a percentage of your IP Revenue. Each element will be worth 20% of the total, which if achieved, would translate into an additional one percent per element for a maximum of five percent. The program terms and conditions are available in the Platinum Elite VAR Benefit Handbook, which is available on Mitel On-line. The attached charts explains how you can become eligible for the additional five (5) percent Value Oriented Incentive Program discount, which will be paid out at the end of Mitel Networks' fiscal year (May, 2002) as a credit. Please note that you must achieve your Minimum Purchase Requirement (MPR) before being eligible for this credit. June 2001 \ TABLE 2 VALUE ORIENTED INCENTIVE PROGRAM ELEMENTS/GOALS WEIGHTING DESCRIPTION CUSTOMER SATISFACTION (VALUE) 20% Customer Satisfaction score would be multiplied by the weighting VAR's CS score only does not factor. The Minimum eligible CS score is 80% a score of less include the Mitel portion. than 80% will get zero; for CS scores over 80% the result is the reseller score times the weighting. TECHNICAL EFFICIENCY 20% DEPENDENCE ON MITEL'S TECHNICAL SUPPORT
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Related to Value Oriented Incentive Proms

  • 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 Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • 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.

  • 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.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • 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.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) 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 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.

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

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