Contingent Compensation definition

Contingent Compensation means compensation that is contingent upon and payable only (a) to the extent of the receipt of revenues from the exploitation of a particular motion picture, video, television or interactive program or (b) upon the passage of time or the occurrence of an identified event. Examples of such contingent compensation include, but are not limited to, deferred cash payments for rights or services, or gross or net profit or proceed participations.

Contingent Compensation means sixty five percent (65%) of the Underwriting Profit or Underwriting Loss for each Accident Year.

Contingent Compensation means Compensation that is to be paid to the Executive at some later date and is contingent upon the Executive’s fulfillment of the specific obligations or satisfaction of specific objectives set forth in this Agreement, if any; for avoidance of doubt, Executive does not have any Contingent Compensation currently;

Examples of Contingent Compensation in a sentence

• For Contingent Compensation Payments with the same Contingent Compensation Payment Ratio and the same time of payment, such Contingent Compensation Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Contingent Compensation Payment with a lower Contingent Compensation Payment Ratio.

• For Contingent Compensation Payments with the same Contingent Compensation Payment Ratio, such Contingent Compensation Payment shall be reduced based on the time of payment of such Contingent Compensation Payments with amounts having later payment dates being reduced first.

• The Contingent Compensation Payments to be treated as Eliminated Payments shall be determined by the Company by determining the “Contingent Compensation Payment Ratio” (as defined below) for each Contingent Compensation Payment and then reducing the Contingent Compensation Payments in order beginning with the Contingent Compensation Payment with the highest Contingent Compensation Payment Ratio.

• The override of such reduction in Contingent Compensation Payments pursuant to this Section 9(b) shall be referred to as a “Section 9(b) Override.” For purpose of this paragraph, if any federal or state income taxes would be attributable to the receipt of any Eliminated Payment, the amount of such taxes shall be computed by multiplying the amount of the Eliminated Payment by the maximum combined federal and state income tax rate provided by law.

• The provisions of this Section 9 are intended to apply to any and all payments or benefits available to the Executive under this Agreement or any other agreement or plan under which the Executive may receive Contingent Compensation Payments.

More Definitions of Contingent Compensation

Contingent Compensation means any commission or

Contingent Compensation means any compensation or other valuable consideration of any kind paid by an insurance carrier that is contingent upon HRH’s: a) placing a particular number of policies or dollar value of premium with the insurer, excepting standard commissions, b) achieving a particular level of growth in the number of policies or dollar value of premium placed with an insurer, c) meeting a particular rate of retention or renewal of policies in force with an insurer, d) placing or keeping sufficient insurance business with the insurer to achieve a particular loss ratio or any other measure of profitability, e) providing preferential treatment in the placement process, including but not limited to the giving of last looks, first looks, rights of first refusal, or limiting the number of quotes sought from insurers for insurance placements, or f) obtaining anything else of material value for an insurer.

Contingent Compensation is amended by deleting the first sentence in its entirety and substituting the following sentence in lieu thereof: "On January 15, 1997 and on each January 15 during the term of the Agreement thereafter, the Company, in addition to the Base Salary, any Special Bonus and any other benefits due to Employee pursuant to the Agreement, agrees to pay Employee a bonus (the "Bonus") for the Company's respective calendar years ending 1996, 1997, 1998 and 1999 to the extent the Company, in such respective calendar year, has achieved at least 80% to 120% (the "Performance Percentage") of each of the mutually agreed financial targets."

Contingent Compensation means "Post-1997 Contingent Compensation" and "1997 Contingent Compensation" (as defined in the Plan), (b) "Equity Bonus" shall mean and include the terms

Contingent Compensation means, for each year (or portion thereof) that Xxxxx owns any of the Patent Rights, with respect to each Patent Right, 1% of all net annual revenues recognized by Xxxxx in connection with the commercial exploitation of each such Patent Right; PROVIDED, HOWEVER, that such compensation shall not accrue and be payable with respect to any of the Patent Rights unless Xxxxx has recognized net income from that Patent Right during such year, as determined in accordance with generally accepted accounting principles, as applied in the United States; PROVIDED, FURTHER, HOWEVER, that at such time as a majority of the shares of Common Stock of Xxxxx held by the stockholders of Xxxxx just prior to the Closing (excluding Xx. Xxxx Xxxxxx) (such stockholders, excluding Xx. Xxxxxx, shall be referred to herein collectively as the "FOUNDING STOCKHOLDERS"), as listed on SCHEDULE 2 hereto, are transferred to persons other than Founding Stockholders, Xx. Xxxxx shall be free to renegotiate with Xxxxx the Contingent Compensation payable to him with respect to each Patent Right.

Contingent Compensation means: Compensation paid by a Zurich Insurer to a Broker or Agent that is contingent upon the Broker or Agent: a) placing a particular number of policies or dollar value of premium with the Zurich Insurers;b) achieving a particular level of growth in the number of policies placed or dollar value of premium with the Zurich Insurers; c) meeting a particular rate of retention or renewal of policies in force with the Zurich Insurers; d) placing or keeping sufficient insurance business with the Zurich Insurers to achieve a particular loss ratio or any other measure of profitability; or e) obtaining anything else of material value for a Zurich Insurer.

Contingent Compensation shall have the meaning set forth in Section 2.5(a).