Incentive Payment Amount definition

Incentive Payment Amount means (i) if the Equity Value at the time of the Valuation Event is less than or equal to the Target Value at the time of the Valuation Event, then the Incentive Payment Amount shall be zero, and (ii) if the Equity Value at the time of the Valuation Event is greater than the Target Value at the time of the Valuation Event, then the Incentive Payment Amount shall be an amount equal to the lesser of (x) 2.5% of the amount by which the Equity Value exceeds the Invested Amount and (y) one-half of the amount by which the Equity Value exceeds the Target Value.

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Incentive Payment Amount means the dollar amount the agency receives pursuant to s. 49.24, Stats.

Incentive Payment Amount means the aggregate "Incentive Payment", as such term is defined the Company's 2004 Key Employee Incentive Plan, amount as determined on the Closing Date.

Examples of Incentive Payment Amount in a sentence

The establishment of such criteria and the necessary standards of performance for partial or full earning of the Target Incentive Payment Amount shall be at the sole discretion of the Compensation Committee.
Criteria for earning the Target Incentive Payment Amount will be established by the Compensation Committee based on the Company’s financial performance, the Executive’s contributions to the Company and other appropriate factors.
Contractor's perfected security interest in such non-current assets, if granted, shall be released by Contractor if Customer performs its obligations with respect to payment of all earned Incentive Amounts, including interest thereon, in accordance with the terms of this Contract, for a period of twenty-four (24) months commencing upon the date that the first Quarterly Incentive Payment Amount is due with respect to the first Launched Satellite.
Any payment required to be made by Customer to Contractor in respect of a Satellite for a Quarterly Incentive Payment Amount shall be invoiced on a quarterly-in-arrears basis and paid in accordance with Article 5.2 (Payment).
The actual Quarterly Incentive Payment Amount earned by Contractor, and the interest thereon, will be calculated in accordance with this Article 12 (In-Orbit Performance Incentive Payments).
Each calendar quarter, the Executive will be eligible to earn an amount up to the Quarterly Target Incentive Payment Amount, and for the calendar year the Executive will be eligible to earn a Target Incentive Payment up to his Target Incentive Payment Amount less the aggregate Quarterly Target Incentive Payments that have been paid with regard to such calendar year.
If Company creates less than 100% of the specified Qualified Jobs, but at least 85% for a given Incentive Payment Year, the City Incentive Payment Amount will be proportionally reduced or prorated by taking the fraction of actual Qualified Jobs created over required Qualified Jobs (rounded-up to the nearest 100th).
The Incentive Amounts rolled-over to the Ground Spare Satellite pursuant to paragraphs (a) and/or (b) of Article 12.5 (Roll-Over of Incentive Amounts) shall bear interest as calculated in accordance with this Article 12 (In-Orbit Performance Incentive Payments) from the date of declaration of Constructive Total Loss or Total Loss and ending on the last day of the quarter when the Quarterly Incentive Payment Amount is invoiced, as more fully provided in paragraph (b) of Article 12.6 (Payment and Interest).
Contractor’s perfected security interest in such non-current assets, if granted, shall be released by Contractor if Customer performs its obligations with respect to payment of all earned Incentive Amounts, including interest thereon, in accordance with the terms of this Contract, for a period of twenty-four (24) months commencing upon the date that the first Quarterly Incentive Payment Amount is due with respect to the first Launched Satellite.
In the event [***], Contractor shall earn the daily pro rata portion of the Quarterly Incentive Payment Amount calculated in accordance with paragraph (b)(1) of Article 12.3 (Calculation and Earning of Incentive Amounts) above.

More Definitions of Incentive Payment Amount

Incentive Payment Amount means the sum of US$1,126,864.

Incentive Payment Amount means, with respect to a particular Incentive Option Trigger Event, an amount equal to (x) the Incentive Factor with respect to such Incentive Option Trigger Event times (y) a fraction, the numerator of which is the Equity Value with respect to such Incentive Option Trigger Event and the denominator of which is the Notional Fully Diluted Unit Amount on the date of such Incentive Option Trigger Event or issued Units.