Base Incentive Sample Clauses

Base Incentive. (1) The Executive Group shall receive from Atlas Pipeline Partners, L.P. (“APL”) that number of Common Units of Limited Partnership in APL (“Units”) equal to $1 million dollars divided by the closing price on the day before the date hereof rounded to the nearest whole number (the “Base Incentive”), on the day following the earlier of the filing of Atlas Pipeline Partners, L.P. September 30, 2007 quarterly financial report, or a Change of Control of the Company, if and only if each of the following conditions is met: • Distributable Cash Flow generated by the assets acquired by the Company from Spectrum Field Services, Inc., as may have been expanded from time to time, averages no less than 10.7%, on an annualized basis, of Average Gross Long Term Assets over the 13 quarters ending September 30, 2007, including the partial quarter ended September 30, 2004. • No more than two (2) quarters with Distributable Cash Flow of less than 7%, on an annualized basis, of Gross Long Term Assets for that quarter, including the partial quarter ended September 30, 2004. If the above conditions are met, Units shall be issued (subject to compliance with securities laws) promptly following the filing of the Atlas Pipeline Partners, L.P. September 30, 2007 quarterly financial report, but in no event later than December 31, 2007.
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Base Incentive. The percentage of the Performance Incentive, expressed as a dollar amount, determined by reference to actual Fiscal ___ Adjusted EBITDA performance in accordance with the table set forth in Paragraph C(1)(i) below.
Sample 1
Base Incentive. The percentage of the Performance Incentive that equals the Base Incentive shall be determined based upon the Company’s Adjusted EBITDA performance measured for the Company’s fiscal ____, as determined in accordance with the table below: Adjusted EBITDA Performance Incentive Percentage Less than $____ _% $___ _% $___ _% $___ _% $___ or more _% Performance Cash Award 1 The amount of the Base Incentive shall be determined by multiplying the “Performance Incentive Percentage,” based upon the corresponding “___ Adjusted EBITDA” results, by the amount of the Performance Incentive specified in Paragraph B(1). For results above $___ that are between the benchmarks indicated, the amount of the Performance Incentive becoming part of the Base Incentive shall be determined by straight line interpolation.
Sample 1

Related to Base Incentive

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Base Salary and Incentive Compensation The Company shall pay to Executive (i) his Base Salary (as in effect as of the date of his termination) and (ii) Incentive Compensation (in an aggregate amount equal to the applicable portion of the cash Incentive Compensation received by the Executive for the most recent fiscal year prior to his termination) as follows: Years of Base Payout Service Salary Incentive Compensation Period Less than one 3 months 25% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 3 months One but less than two 6 months 50% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 6 months Two but less than three 9 months 75% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 9 months Three or More 12 months 100% of the Short Term Incentive Plan award for the most recent full fiscal year prior to termination 12 months To the extent permitted under Code Section 409A, the sum of applicable Base Salary and Incentive Compensation shall be divided into equal monthly payments and paid to the Executive over the applicable Payout Period shown in the table above, depending on the Executive’s years of service at the time of Termination.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

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