Examples of Incentive Rate in a sentence
Lessee will also pay to Lessor, as Supplemental Rent, on demand, interest at the Incentive Rate on any part of any Basic Rent not paid when due and on any other payment of Supplemental Rent not paid when due or demanded by Lessor in accordance with the terms hereof for the period for which the same shall become due until the same shall be paid.
The VP of Worldwide Sales, with approval from the VP of Finance, shall set the Incentive Rate (IR) for each sales person.
For purposes of computing any severance amount payable under the Severance Agreement or the CIC Agreement, annual base salary shall mean the Executive’s existing base salary as of February 29, 2012 or any increase therein after such date, and target annual cash incentive bonus or Target Incentive Rate shall mean the “target annual incentive participation rate” of the Executive as of February 29, 2012, which is 75% of the Executive’s base salary, or any increase therein after such date.
Regulation Transmission Rate Setting The OEB provides two revenue plan options for transmission rates in Ontario: the Custom Incentive Rate Setting Plan (the “Custom IR Method”) and the Incentive-Based Revenue Index Rate Setting Plan (the “Revenue Cap Index”).
If Lessee fails to perform any of its obligations hereunder, Lessor may discharge such obligation and shall notify Lessee of the same, and the amount of the expenses of Lessor incurred in connection with such discharge together with interest thereon at the Incentive Rate shall be deemed Supplemental Rent, payable by Lessee upon demand.