Growth Incentive Period definition

Growth Incentive Period means the Financial Year during the Term.
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Growth Incentive Period means each Financial Year during the Term, except if the Expiry Date of this Agreement is:
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Examples of Growth Incentive Period in a sentence

  • If you would have been paid more money from us under the Growth Incentive, you will receive a top up payment as soon as reasonably practicable after the end of the Growth Incentive Period, being the difference between what you would have been paid under the Growth Incentive less what you have been paid under the New Milk Incentive.

  • To determine whether you will receive a Growth Incentive, at the end of the Growth Incentive Period, you will be assessed against both the criteria for the New Milk Incentive and the criteria for the Growth Incentive.

  • You will be paid for a month on or before the 15th day of the following month and any payments for the Growth Incentive will be paid after the end of the Growth Incentive Period in accordance with section 2.6. If the 15th is not a Business Day, we will pay you on the Business Day beforehand.

  • If you commence supplying Bega part way through a Financial Year, then the Growth Incentive will be calculated based on: • your Prior Deemed Milk Supply as set out in Item 12 of the Details; and • Milk Solids in Milk accepted by us during the applicable Growth Incentive Period, (Total Annual Milk).

  • You will then be paid a pro-rata proportion of the Growth Incentive calculated on the proportion of the Total Annual Milk that was accepted by us during the applicable Growth Incentive Period.

  • The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by us in the Growth Incentive Period over and above the average of the relevant Milk Solids in such Milk supplied during the previous two Financial Years (Growth Incentive Baseline).

  • The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by us in each Growth Incentive Period over and above the average of the relevant Milk Solids in such Milk supplied during the previous two Financial Years (Growth Incentive Baseline).

  • If, in respect of a Growth Incentive Period, you would have received more money from us under the New Milk Incentives, you will not also be paid a Growth Incentive.

Related to Growth Incentive Period

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Grant Period means the period between Effective Date and Expiration Date of the Grant Award Agreement during which time expenditure of all grant funds and all contributions to match must be made.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Effective Period has the meaning assigned thereto in Section 2(a).

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.