Incentive Base definition

Incentive Base means the Participant's base salary received during the Performance Period.
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Incentive Base shall equal $26,000,000 less $762,000 less all closing costs incurred by Buyer or Seller.
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Examples of Incentive Base in a sentence

  • The Incentive Base shall be determined by NEI, which determination shall be final and binding for all purposes.

  • Each Participant will be assigned an Incentive Level with associated Target Awards expressed as percentages of the Participant's Annual Incentive Base Salary.

  • Extraordinary items, including but not limited to prior awards, relocation expenses, car allowances, international assignment allowances and tax adjustments, sales incentives, amounts recognized as income from stock or stock options, disability benefits (whether paid by the Company or a third party) and other similar kinds of extra or additional remuneration are excluded from the computation of Annual Incentive Base Salary.

  • Percentage of Annual Incentive Base Salary assigned to a Participant as a Target Award.

  • The Award, expressed as a percentage of Annual Incentive Base Salary at the assigned Incentive Level, that may be earned by a Participant for achievement of the Target level of performance.

  • Soft Drinks, Cigarettes and Related Food Items— Gross Incentive Base ....-----------------------------------— Less Controllable Manpower Cost: (Salesmen Plus Station Manager & Assistant Station Manager Overtime H ours)----- $ $ x 6 .

  • The Board is expected to delegate authority to Officers and staff as described below.

  • Employee shall be entitled to an incentive bonus in the amount of 5% of Division EBIT, calculated in the manner described in SCHEDULE 2.2 to the Purchase Agreement (the "Incentive Base") each fiscal year during the Employment Period.

  • Notwithstanding the foregoing, no incentive compensation shall be paid for any fiscal year in which this Agreement is terminated by the Company pursuant to Section 4.b. For purposes of the Incentive Base, the pre-tax net income contribution of the Division: (i) shall include the pre-tax net income contributed by the entity formerly known as Eagle Electrical Systems, Inc.; and (ii) shall not include any home office corporate charge or home office overhead.

  • Awards will reflect the Participant's Annual Incentive Base Salary in effect at the end of the fiscal year.

Related to Incentive Base

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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Performance-Based Cash Award means a right granted to a Participant under Article 9 to a cash award to be paid upon achievement of such performance goals as the Committee establishes with regard to such Award.

  • Performance-Based Compensation means compensation qualifying as “performance-based compensation” under Section 162(m) of the Code.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.