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) Plan Adjusted Enterprise Value < $5,000 Market Adjusted Enterprise Value $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 $6,500 $7,000 $7,500 $8,000 $8,500 $9,000 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 Plan Adjusted Enterprise Value ³ $5,000 Market Adjusted Enterprise Value $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 $6,500 $7,000 $7,500 $8,000 $8,500 $9,000 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 % of Valuation Increase — — — 0.08 % 0.08 % 0.08 % 0.08 % 0.08 % 0.08 % 0.08 % 0.08 % 0.08 % 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 the amount determined as IC in the following formula:IC = R x CMI x Ywhere: R = the Rent in the first year of the Further Term (as agreed or determined in accordance with clause 6);CMI = Current Market Incentive; andY = the number of years in the Further Term.
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Examples of Incentive Component in a sentence

  • These are result indicators linked to disbursement of funds by the World Bank under the Incentive component of the scheme.

  • No rights holder has any right to participate in any other share issue of the Company or of any other entity.The performance rights granted on 18 November 2011, 27 November 2014 and 20 November 2015 relate to the Long Term Incentive component for Dr C.S. Goldschmidt and C.D. Wilks.

  • The performance options granted on 18 November 2011, 27 November 2014 and 20 November 2015 relate to the Long Term Incentive component for Dr C.S. Goldschmidt and C.D. Wilks.

  • The Board considered it inappropriate in the context of a service agreement applying during a succession process.c. Special Short Term IncentiveAs referred to above, under the Succession Service Agreement entered into by the former Managing Director on 6 March 2014, the Special Short Term Incentive replaced the Long Term Incentive component.

  • Procurements by Executing Agency (Line Department/GPs)is limited to the grants under the Incentive component of Atal-Jal on achievement of DLIs. Amount received under the Incentive Component will be transferred to Head of Department of concerned Line Department/ Gram Panchayats.

  • Funds in respect of the Incentive component would be released annually through direct transfers into the dedicated bank accounts and will be replenished in the subsequent years based on the utilization of funds and performance on achievement of each Disbursement Linked Indicators (DLIs) in the preceding year.

  • Funds in respect of the Incentive component would be released annually through direct transfers into the dedicated bank accounts of SPMU and will be replenished in the subsequent years based on the utilization of funds and performance on achievement of each Disbursement Linked Indicators (DLIs) in the preceding year.

  • Incentive component- This component is to incentivize the SEBs / utilities to reduce their financial losses.

  • Procurements by Executing Line Department/GPs is limited to the grants under the Incentive component of Atal-Jal Executing Line Department/GP by the SPMUs towards achievement of DLIs. Amount received under the Incentive Component will be transferred to Head of Department of concerned Line Department/ Gram Panchayats.

  • Disbursements under the Incentive component will be passed on to the SPMUs based on their achievement against each DLI verified by the Third Party Government Verification Agency, submission of utilization certificate / audited account of previous grant and also availability of funds within BE/RE ceiling at that particular point of time .


More Definitions of Incentive Component

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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Related to Incentive Component

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

  • 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.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • 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.

  • 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.

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

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Individualized service plan means a plan prepared by a

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

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

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

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Incentives means those payments made by the Program Administrator to Customers pursuant to the Program and these Terms and Conditions.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • 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 Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Corridor means the acceptable range of results around a Performance Target.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Weighting with respect to an Underlying means the weighting in relation to the relevant Underlying as specified in the table in the definition of such Underlying.

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.