Incentive Term definition

Incentive Term means (a) with respect to the Commercialization of -------------- the Products in the 7E Market Segment and the 7F Market Segment, the period commencing on the Effective Date and ending on December 31, 2003, subject to modification as provided in Sections 7.3, 7.4, 7.5 and 6.2.2 below, and (b) with respect to the Commercialization of the Products in the Syntroleum Market Segment, the period commencing on the Effective Date and ending on December 31, 2001.
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Incentive Term means the period commencing on the Incentive Start Date and ending on the fifth (5*^) year anniversary of such Incentive Start Date, unless terminated
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Incentive Term means: ---------------- (1) with respect to the Small Gas Turbine Market Segment, the term beginning on the Effective Date (November 19, 1998) and ending on the earlier of (a) three (3) years after the date that the first Small Gas Turbine is shipped with a Xonon Combustion System, or (b) three years after the date that the first Small Gas Turbine is retrofit with a Xonon Combustion System; (2) with respect to the Large Gas Turbine Market Segment, the term beginning on the Effective Date (November 19, 1998) and ending on December 31, 2003; or, if a Market Segment Agreement is mutually agreed upon, the term beginning on the Effective Date and ending on the earlier of (a) three (3) years after the date that the first Large Gas Turbine is shipped with a Xonon Combustion System, or (b) three years after the date that the first Large Gas Turbine is retrofit with a Xonon Combustion System; (3) with respect to the Syntroleum Market Segment, the period commencing on the Effective Date (November 19, 1998) and ending December 31, 2001; (4) with respect to all other Market Segments, the term beginning on the date of execution of a Market Segment Agreement and ending on the earlier of (a) three years after the date that the first Gas Turbine in that Market Segment is shipped with a Xonon Combustion System, or (b) three years after the date that the first Gas Turbine in that Market Segment is retrofit with a Xonon Combustion System. The Incentive Term for any Market Segment is subject to extension and reduction as provided in Sections 6.2.2, 7.3, and 7.5.
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Examples of Incentive Term in a sentence

  • Participant further acknowledges that the Agency does not guarantee that Participant will receive a minimum dollar amount during the Incentive Term.

  • Participant agrees that it will not cooperate with any person, group, or municipality in any effort to remove, deannex, disconnect, or disincorporate the Site or any portion thereof from the City during the Incentive Term.

  • For each year prior to the end of the Incentive Term of the Job Creation Incentive Agreement, the Company shall submit to the City an annual report, in a form attached hereto as Exhibit D, which shall specify the Company’s progress towards achieving and maintaining the Brecksville Metric Commitments (the “Annual Report”).

  • Your attention is also drawn to the letter from your Chairman set out in Part 1 of this document and the Additional Information on the Sativa Group and the Stillcanna Group set out in Part 7 of this document.

  • For each calendar year during the Incentive Term, the Grantee shall only receive a Job Incentive Payment (defined below) if the Grantee’s total employee payroll located at the Project Site and subject to City employee withholding taxes for that calendar year is at least $40,000,000 (the “Minimum Payroll”).

  • Participant further acknowledges that the Incentive paid by the Agency to Participant under this Agreement is limited by the Incentive Term and the amount of Sales Tax Rebate actually received by the Agency.

  • In 2009, this amounts to€2.87m (2007 and 2008 business-specific energy efficiency costs).2.5 Incentive Term The formula also includes an Incentive term.

  • On or before March 15 of each year following a year of the Incentive Term (anticipated to be 2026-2040), the Grantee shall submit to the City the aggregate actual City payroll withholding taxes withheld during the preceding calendar year by the Grantee and its Affiliates from all Employees (the “Actual Withholdings”) for that preceding calendar year.

  • The first comprises years when the project receives the Successor Program incentive (Incentive Term, typically 15 years).

  • The Scheme shall terminate on the earlier of (i) the date on which the Incentive Term ends, but for the purpose of continuing to subsist any Incentive Shares granted under the Scheme before the expiry of the Scheme which are granted but not vested therein, the Scheme shall continue to be extended until the vesting of those Incentive Shares takes effect; and (ii) an early termination date as determined by the Board or its authorised persons.


More Definitions of Incentive Term

Incentive Term means the time period from January 1, 2022 to December 31, 2026.
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Related to Incentive Term

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Employment Period has the meaning set forth in Section 2.01.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Term of Employment means the period specified in Section 2 below.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • 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);

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

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

  • Year of Employment means a period of service of 12 months.

  • 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.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Employment Term has the meaning specified in Section 2.

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • 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.