Monthly Incentive Bonus definition
Examples of Monthly Incentive Bonus in a sentence
For the avoidance of doubt, payment to ABX of a Monthly Incentive Bonus or Monthly Disincentive Credit shall not cure an ABX Event of Default under Section 16.1(a).
Subject to the Disputes provision of Section 7.8 below, DHL shall pay to ABX the Monthly Incentive Bonus earned for the prior month within ten (10) Business Days of receipt of ABX’s invoice, in accordance with Section 7.6 below.
ABX shall provide to DHL on or about the sixth (6th) Business Day of each month, a calculation of the Arrival Performance for the previous month, along with an invoice for the Monthly Incentive Bonus earned or a credit memo for the Monthly Disincentive Credit to which ABX is subject, along with reasonable supporting documentation.
The Monthly Incentive Bonus and the Monthly Disincentive Credit to which ABX may be entitled or subject to each month, are set forth in the table below, and such amounts will be subject to escalation in the amount of [*] ([*]) on April 1st of each year, beginning April 1, 2016.
For clarity, payment to Hawaiian of a Monthly Incentive Bonus or Monthly Disincentive Credit will not cure a Hawaiian or Carrier Event of Default.
Landlord and Tenant shall each have the right to terminate this Lease if any Material damage to the Building occurs during the last twelve (12) months of the Term (as extended) where the repair, reconstruction or restoration of such damage cannot be completed within sixty (60) days after the date of such casualty.
Any Monthly Incentive Bonus and any FA2000 Renewal Bonus shall be payable at the end of each month in which the underlying target insurance premium has been collected and recorded as revenue by FLAC.
The Monthly Incentive Bonus and the Monthly Disincentive Credit to which Hawaiian may be entitled or subject to each month will be paid or credited on a per Aircraft basis, as set forth in the table below.
Only with respect to new life insurance business directly generated by the FA2000, traditional term and universal products of First Life America Corporation ("FLAC") from and after November 1, 2000, Executive shall be eligible to receive a monthly incentive bonus equal to one percent (1%) of first-year target insurance premium collected and recorded as revenue by FLAC (not including any overfunding payments by a policyholder) ("Monthly Incentive Bonus").
The Monthly Incentive Bonus and the Monthly Disincentive Credit to which Sun Country may be entitled or subject to each month are set forth in the applicable Arrival Performance Incentive Disincentive Table listed below and will be reflected by Sun Country on the Monthly Invoice provided in accordance with Exhibit D for the calendar month in which the incentive or credit has been calculated.