Incentive Component definition

Incentive Component shall have the meaning assigned thereto in Section ------------------- 5.3 of the Management Agreement.
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Incentive Component. Based on achievement of Market Adjusted Enterprise Value (“Market AEV”)(1) and Plan Adjusted Enterprise Value (“Plan AEV”) metrics (2) To be earned beginning at Initial Market AEV hurdle of $5.0 billion provided that Plan AEV is greater than $5.0 billion. Increase by $80,000 for each $100 million increase in Market AEV over $4.5 billion(3) Minimum Emergence Bonus $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 Total Incentive Bonus $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 Minimum Emergence Bonus $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 1.50 Valuation Component — — — 0.40 0.80 1.20 1.60 2.00 2.40 2.80 3.20 3.60 Total Incentive Bonus $ 1.50 $ 1.50 $ 1.50 $ 1.90 $ 2.30 $ 2.70 $ 3.10 $ 3.50 $ 3.90 $ 4.30 $ 4.70 $ 5.10
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Incentive Component means that payments are not only made to compensate for income foregone but that a top-up is awarded for the delivery of particular environmental public goods such as conservation measures and sustainability.
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Examples of Incentive Component in a sentence

  • The incentive component of the ------------------- Management Fee (the "Incentive Component") payable by the Company to the Manager shall be (i) $5 per Unit per month during the period from the date hereof through December 31, 1999, and (ii) the Current Incentive Amount (as hereinafter defined) per Unit per month from and after January 1, 2000.

  • Notwithstanding anything in this Amendment or the Original Agreement to the contrary, the determination of whether a Cessation of Operations has occurred at the Steam Host Facility or the Nitrocellulose Facility and the duration of such Cessation of Operation or Cessation of Operations for purposes of calculating the Steam Host Incentive Component and the Steam Host Incentive Period shall be made by NJEA after consultation with JCP&L.

  • NJEA shall use commercially reasonable efforts to obtain information and certifications required to be provided by the Steam Host under the terms of the Termination Agreement relating to a "Cessation of Operations" (as defined therein) that may affect the Steam Host Employment Incentive Component payable hereunder and shall provide any such information to JCP&L within ten (10) business days of receipt thereof.

  • For the avoidance of doubt, the “metrics” and weightings, and computations in respect thereof, set forth in the Prior Compensation Letter apply solely to the First Cash Incentive Component and not to the Second Cash Incentive Component.

  • As compensation to the --------------------------- Manager for the performance of its services hereunder, the Company shall pay to the Manager a management fee (the "Management Fee") consisting of a Base Component, an Incentive Component and a charge for Reimbursable Services.

  • The "Incentive Factor," for purposes hereof, shall mean a fraction the numerator which is the total amount of Incentive Component payable for the period from the date hereof through December 31, 1999 (the "Measuring Period") pursuant to clause (i) above, and the denominator of which is the total gross Sublease revenues of the Company for the Measuring Period.

  • The Total Target Value of the Award consists of two components: the Target Value of the Financial Incentive Component as specified above, representing % of the Total Target Value (the "Financial Target Value") and the Target Value of the Stock Incentive Component as specified above, representing % of the Total Target Value (the "Stock Target Value").

  • As compensation to the Manager --------------------------- for the performance of its services hereunder, the Company shall pay to the Manager a management fee (the "Management Fee") consisting of a Base Component, an Incentive Component and a charge for Reimbursable Services.

  • Committees shall be formed to establish criteria for the District Master Teacher Component, Staff Development Training Incentive Component and any other proposed component to be a part of the Performance Based Teacher Compensation Plan.