Examples of Incentive Scheme in a sentence
Other Deliverables As part of the Incentive Scheme, the Incubatee shall deliver to the Incubator, not later than at the Contract End Date or upon termination of this Contract, a proof of the developed product or service.
The Incubatee shall use the Incentive Scheme only for the purposes specified in this Contract, unless a deviation has been specifically and formally agreed with the Incubator.
The Incentive Scheme will operate to a maximum value of 4% of permanent, hourly payroll and against KPI’s that will be driven by business viability, productivity, & profitability.
Timing Amount Applicable to Percentage From 1 July 2023 Normal Annual Salary and Incentive Scheme 11 From 1 July 2024 Normal Annual Salary and Incentive Scheme 11.5 From 1 July 2025 Normal Annual Salary and Incentive Scheme 12 If the statutory employer contribution rate exceeds the rate prescribed above, the statutory contribution rate will apply.
For the purposes of this Article it is hereby understood that the Incentive Scheme funding identified in Article 6.1 shall be spent in Italy unless the product/service is not available in such territory or only available at significantly higher price.