Performance Allowance definition

Performance Allowance means an allowance granted to an employee who outperforms on the basis of Key Performance Indicators.
Sample 1

Examples of Performance Allowance in a sentence

  • EXHIBIT B -- SYSCO Performance Allowance All Terms used in this agreement shall have the meanings assigned to them in the Master Distribution Agreement between Sysco Corporation and ARAMARK Corporation, as amended to date, of which this Exhibit B is a part.

  • Salary: Rs. 20,000/- (Rupees Twenty Thousand Only) per month Performance Allowance: Maximum of Rs. 8,00,000/- (Rupees Eight Lacs Only) per month based on the quarterly performance evaluated by the remuneration committee.

  • Table 2: Trade-exposed, tax-free threshold relief Performance Allowance (Z-factor): Section 11 This section deals with allocation of a tax-free allowance to entities that have proactively implemented GHG mitigation measures.

  • Fixed amount will be 80% of the total CTC fixed to candidate and variable amount (Performance Allowance) will be upto 20% of the total CTC fixed to the candidate depending upon the performance of the candidate.

  • For staff within professional services, consideration must be given as to whether the employee can accommodate the duties within the normal range of hours and whether the circumstances are exceptional to warrant consideration of an Exceptional Performance Allowance, as detailed below, and not as an acting up allowance.

  • Similarly if he gets a score of 5 out of 5 his Performance Allowance will be 25% of Base.

  • Calculation and Payment: * Performance Allowance: Sysco will pay * to ARAMARK based on total purchases of SYSCO® brand Products (“Total Brand Purchases”) in an amount equal to * of Total Brand Purchases (the “* Performance Allowance”) for all such purchases occurring after the beginning of ARAMARK’s 2014 fiscal year.

  • If a case is considered to exist for the granting of a Performance Allowance to an Assistant Caretaker or Site Supervisor, then an application is to be submitted as described above.

  • Based on explanation above, it is necessary to have “Study on the Policy Formulation of Performance Allowance Management in Cianjur Regency” according to most recent law and regulations.

  • Update on the Trade Exposure and Performance Allowance Regulations The Carbon Tax Act came into effect on 1 June 2019.

Related to Performance Allowance

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

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

  • 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);

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • 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.

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

  • 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).

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Bonus means the bonus described in the Section 2.3.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • 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.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Final compensation of a member means:

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • 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.

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;