FY 2019 Sample Clauses

FY 2019. For the 2018-2019 academic year, it is agreed by and between the parties that those faculty salary funds for faculty included in the Meet and Confer Unit (‘Unit”) shall be divided in the following proportions: Base Salary Total $15,502,341 Sum of Adjustments 341,3862 Merit Increment Total 5,800 Grievance Fund 0 TOTAL $15,849,527 Summer Session 2019 $ 1,233,763 2 Of this amount, $49,000 shall be used to fund promotions, $25,000 shall be used for salary adjustments, and $5,800 shall be distributed in the form of a $200 overall salary increase to each unit member who achieved an overall annual performance appraisal rating of Exceptional from the 2018 review period. In addition, $17,227 shall be distributed in the form of an overall salary increase of 0.5% to certain unit members who received a 2.5% increase in 2017 as designated by the Kansas Legislature. $173,799 will be distributed in the form of an overall salary increase of 1.5% beginning August 2018 to unit members who did not receive the 2017 Kansas Legislature 2.5% increase. In addition, $76,360 shall be distributed to all unit members as a one time, non-base payment of $332 in December 2018. 4a
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FY 2019. Employees will receive a 2% General Wage increase and compression adjustments effective the first pay period in October.
Sample 1
FY 2019. Provided that Shworan is employed as an employee in any capacity, or Shworan or his wholly-owned company is engaged as a consultant in any capacity, by QuoteMedia or the Company or any subsidiary of either of them, on January 1, 2019, for the period beginning on January 1, 2019 and ending on December 31, 2019, the Company shall issue to Shworan, on January 1, 2019, a Preferred Stock Warrant to purchase up to 15,000 shares of the Company’s Series A Preferred Stock at an exercise price equal to $1.00 per share.
Sample 1
FY 2019. Within fifteen (15) days following the Company’s filing of its SEC Reports with the SEC covering each of the four (4) fiscal quarters in the year ending December 31, 2019, if the cash balance of the Company as reported in any such SEC Reports at the end of any such fiscal quarter exceeds $375,000, the Debt Holders may deliver a Repurchase Election to the Company that up to an aggregate of 800 Preferred Shares be repurchased at the Series A Liquidation Value (as such term is defined in the Certificate of Designations) (with any such Debt Holder Stock entitled to its pro rata share of such aggregate amount). Upon the receipt of any such Repurchase Election, the Company shall, to the extent it may lawfully do so, repurchase the number of Preferred Shares specified in such Repurchase Election within thirty (30) days after the Company’s receipt of any such Repurchase Election.
Sample 1

Related to FY 2019

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Annual Cash Incentive Executive shall be eligible to participate in the Company’s management cash incentive plan and any successor annual cash plans. Executive shall have the opportunity to earn an annual target cash incentive, measured against performance criteria to be determined by the Company’s Board (or a committee thereof) having a grant date of not less than 70% of Base Salary.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

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