VOLUME INCENTIVE REBATES Sample Clauses

VOLUME INCENTIVE REBATES. In addition to all other Seller support provided under this Agreement, Seller shall provide volume incentive rebates (“Volume Incentive Rebates” or “VIR”) to Sears. Volume Incentive Rebates shall be calculated based on Sears’ Total Purchases of Products during the applicable VIR/Subsidy Measurement Period compared to Sears’ Total Purchases of Products during the same period from the previous year (e.g., the second, third and fourth quarters of fiscal 2003 would be compared against the second, third and fourth quarters of fiscal 2002). The applicable incremental increase of the Total Purchases over the previous year shall then be multiplied by the applicable “VIR Percentage” listed below. Percent of Total Purchases VIR Percentage Above *% - *% *% Above *% * % of the first *% - *%, and *% of the excess over *% For purposes of calculating the VIR, any purchases of Products prior to the Effective Date shall be restated using the First Cost Prices of the applicable Products Examples (with all Total Purchases restated to reflect the First Cost under this Agreement):
Sample 1
AutoNDA by SimpleDocs
VOLUME INCENTIVE REBATES. With respect to volume incentive tier rebates where PharMerica’s volume is included and where such rebate is paid on the collective WBAD member volume, PharMerica shall be entitled to a pro rata share based on its volumes. Payments made on behalf of PharMerica’s volumes will be passed through to PharMerica by WBAD the fifteenth (15th) day of the month after the month in which said payment is received by WBAD . For purposes of clarity, PharMerica’s ability to achieve volume incentive rebates with respect to any particular Supplier will be subject to PharMerica’s purchases and such Supplier’s willingness to enter into such volume incentive agreements.
Sample 1
VOLUME INCENTIVE REBATES. In addition to all other Seller support provided under this Agreement, Seller shall provide volume incentive rebates (“
Sample 1

Related to VOLUME INCENTIVE REBATES

  • 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.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • 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 Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • 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.

  • 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.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

Time is Money Join Law Insider Premium to draft better contracts faster.