Performance Incentive. 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.
Performance Incentive. The baseline used to calculate the Performance Incentive each RMR Generator that is being compensated under an APR is eligible to recover is set forth in the table below. The incentive shall be calculated in accordance with Rate Schedule 8 to the Services Tariff. The ISO shall use each RMR Generator’s actual performance and the baseline specified in the table below to determine the incentive (if any) it shall pay for performance each month. [ADD TABLE SPECIFYING THE PERFORMANCE BASELINE FOR EACH RMR GENERATOR.]
Performance Incentive. (a) So long as the General Partner continues to serve in that capacity, and for each Limited Partner for which the Partnership Return earned by the Limited Partner for the applicable Incentive Period exceeds the greater of the Hurdle Rate for that Incentive Period or (2) the Loss Carryforward Amount, if any, the Performance Incentive will be debited against the Capital Account of that Limited Partner as of the last day of the Incentive Period, and the amount so debited will be credited simultaneously to the Capital Account of the General Partner, or, subject to compliance with the 1940 Act and the Advisers Act, to the Capital Accounts of the Partners as have been designated in any written notice delivered by the General Partner to the Partnership within 90 days after the close of the Incentive Period.
Performance Incentive. Employee will be eligible annually, subject to annual approval by the compensation committee of the board of directors of Employer, for a performance incentive of cash and equity awards, generally targeting a range around 100% of Employee’s Salary during the year for which the Performance Incentive is paid (with a general range of 50% to 150%). The Performance Incentive is subject to certain criteria (as further described below) and will be prorated for any partial year of employment with this benefit. The Performance Incentive consists of a cash bonus opportunity and an equity incentive opportunity, generally split between cash and equity compensation at a ratio of one-third cash and two-thirds equity. Payment of this Performance Incentive is dependent (a) first upon Employer performance (success, profitability, and other metrics) within the ranges approved by Employer’s board of directors; (b) second, performance of the departments and personnel you are responsible for supervising, in accordance with the budget, metrics and strategic objectives that may be established by Employer and/or the board of directors from time to time; and (c) third, upon your individual performance. As with all executive compensation, Performance Incentives are subject to modification by the compensation committee of the board of directors as determined appropriate each year in connection with their duties to review executive compensation. For the sake of clarity, Performance Incentives might not be paid in years where Employer does not achieve its performance goals within the parameters established by the board of directors.
Performance Incentive. If a Transaction is consummated, Executive shall be entitled to a bonus (the "Performance Incentive Bonus") of $150,000 payable 30 days after the consummation of such Transaction (the "Final Transaction Date"); provided, however, that (i) the Performance Incentive Bonus shall not be payable if, prior to the Final Transaction Date, Executive's employment with the Company is voluntarily terminated without Good Reason or is involuntarily terminated for Cause and (ii) the Performance Incentive Bonus shall be payable if Executive's employment is voluntarily terminated with Good Reason or involuntarily terminated not for Cause prior to the Final Transaction Date. Notwithstanding the foregoing and paragraph 1(b) below, both the Performance Incentive Bonus and the Premium Incentive Bonus (as defined in such paragraph 1(b)) shall be payable if Executive voluntarily terminates his employment prior to the Final Transaction Date in order to accept an offer of employment from FMC.
Performance Incentive. 4.12.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ for a Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”) for the excess Coal supplied: Percentage of actual deliveries Percentage of Incentive at the rate of weighted average Notified Price of Grades of Coal supplied Above 90% but up to 95% of ACQ 0 - 10 Above 95% but up to 100% of ACQ 10 - 20 Actual Deliveries = Actual Quantity [in tonnes] of Coal delivered by the Seller for the relevant Year.
Performance Incentive. 4.14.1 If the Seller delivers Coal to the Purchaser in excess of ninety (90%) of the ACQ in a particular Year, The Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = Weighted average Contract Prices corresponding to the GCV of Coal supplied from
Performance Incentive. Section 59.1 A volunteer performance incentive program has been established for members covered by this agreement. The goals and criteria for achievement for this program will be posted in the Fire Department in March of each year of this agreement and shall be as follows:
Performance Incentive. If the Seller delivers Coal to the Purchaser in excess of 90 (ninety) percent of the ACQ for a Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”) for the excess Coal supplied: Percentage of actual deliveries* Percentage of Incentive at the rate of weighted average Notified Price of Grades of Coal supplied Above 90% but up to 95% of ACQ 0-10 Above 95% but up to 100% of ACQ 10-20 Above 100% of ACQ 40 Actual Deliveries = Actual Quantity [in tonnes] of Coal delivered by the Seller for the relevant Year. *Supply shall be as per extant policy guidelines. The incentive payable shall be calculated in the same manner as done slab-wise for computation of income-tax. However, unlike income tax, the percentage of incentive shall grow on linear basis within each slab. With respect to part of Year in which Term of this Agreement begins or ends, the relevant quantities in Clause 4.11.1, shall apply pro-rata. In case of supply of coal beyond the ACQ, the Purchaser would be required to furnish a certificate from CEA regarding use of such coal within its Power Station.
Performance Incentive. 6.5.2.1 Parking Operator may be eligible to receive a bi-annual Performance Incentive based on Parking Operator's performance under this Agreement, commencing on the State Date, and the Director's level of satisfaction of that performance. Parking Operator has no vested right to receive the Performance Incentive described herein.
