Bonus Scheme definition

Bonus Scheme or “Crop Bonus” means an amount in the nature of a contingency policy, as defined by clause 1.9 above, which will be reserved for the client, at the sole discretion of the facilitator, and which will only accrue to the client upon the successful and full repayment of all amounts due in terms of this MFA and any Premium Finance Agreement for a period of three (3) consecutive years. If the client does not fully fulfil his/her/its repayment responsibilities in terms of this MFA or any Premium Finance Agreement the performance incentive will cease and not accrue to the client. Furthermore, in the event that the client does not make use of the services in terms of this MFA or Premium Finance Agreement for a consecutive period of three (3) years the client will only be entitled to fifty percent (50%) of the performance incentive calculated by the facilitator for each year that his/her/its repayment responsibilities were fulfilled.
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Bonus Scheme means any bonus scheme conducted by the Group from time to time in which Executives may participate from time to time, excluding any scheme established in terms of schedule 14 to the JSE Listings Requirements;
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Bonus Scheme means the retention bonus offered to certain employees of Group Companies in connection with the transaction contemplated by this Agreement;
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Examples of Bonus Scheme in a sentence

  • The New Homes Bonus Scheme is designed to provide incentives and rewards for Local Authorities who wish to build new homes in their areas.

  • In 2022, just as over recent three-year periods, the Company intends to implement a Deferred Annual Bonus Scheme linked to the Strategic Plan 2022-2024.

  • Included in the share based incentive schemes are two additional schemes (2017 Deferred Bonus Scheme and 2018 LTIP Scheme) awarded during the reporting period.

  • The Parties agree to maintain the Saturday Attendance Bonus Scheme (SABS).

  • The Company has implemented a Performance Bonus Scheme (PBS) (effective from 1 May 2010) with the conditions for payment being related to the Company’s financial performance.

  • Improving Spatial Coordination Rates under the Agglomeration Bonus Scheme: A Laboratory Experiment with a Pecuniary and a Non-Pecuniary Mechanism.

  • The bonus scheme is subject to the easyJet Bonus Scheme Rules published for each financial year.

  • More information on the Bonus Scheme is located [insert details].

  • These matters are an integral part of individual objectives.What are the key elements of remuneration for executive directors?The key elements of remuneration are:– salary and benefits;– Annual Bonus Scheme with compulsory deferred shares; and– Performance Share Plan (PSP).The Committee considers these components in total to ensure there is the correct balance between reward for short-term success and long-term growth.

  • The Company has established an Incentive Bonus Scheme, which is designed to encourage and reward superior performance.


More Definitions of Bonus Scheme

Bonus Scheme means the intu Properties PLC Bonus Scheme;
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Bonus Scheme has the meaning given in Section 7.1;
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Bonus Scheme means the Company’s discretionary corporate bonus scheme. Contract means this service agreement between the Company and the Employee.
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Bonus Scheme means the annual bonus arrangements operated by Sirius; “Court Sanction” means the Court sanctioning the Scheme;
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Bonus Scheme means the bonus scheme defined in clause 11 of the Letter of Intent dated 8 January 2002.
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Bonus Scheme means the Xxxxxxxx Insurance Group cash incentive plan as amended from time to time;
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Related to Bonus Scheme

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • AIP means the Nucor Corporation Senior Officers Annual Incentive Plan and any successor plan.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Bonus means the bonus described in the Section 2.3.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • DSU Plan means the Deferred Share Unit Plan of the Corporation.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • RSU Plan means the restricted share unit plan of the Company;

  • EIP means the Company’s 2006 Equity and Incentive Plan, as amended from time to time, or any successor plan.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • the Scheme means the Local Government Pension Scheme in

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Scheme Year means a period of one year beginning with 1st April and ending with 31st March;

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Management Incentive Plan means 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.