ABP Sample Clauses

The ABP (Actual, Best, or Projected) clause defines how certain values, such as costs, revenues, or performance metrics, are determined within a contract—specifically, whether they are based on actual results, the best available data, or projected estimates. In practice, this clause might specify that payments or obligations are calculated using the most accurate and current information, such as actual sales figures, the best market rates, or reasonable forecasts. Its core function is to provide flexibility and fairness in contractual calculations, ensuring that parties use the most appropriate and reliable data available, thereby reducing disputes over which figures should be used.
ABP. You will not be eligible to receive a 2011 Annual Bonus Plan award under ServiceMaster’s Annual Bonus Plan (“ABP”) as you will no longer be an active participant and will not be employed on the ABP eligibility or payout dates.
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ABP. You will not be eligible for a payout from ServiceMaster’s Annual Bonus Plan (“ABP”) for the current year of 2012 as you will not be employed by the Company on the relevant date under the ABP. You will not be eligible to participate in the ABP for 2013 or any subsequent ABP.
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Related to ABP

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.