Bonuses; Incentive Payments Sample Clauses

Bonuses; Incentive Payments. Bonuses or incentive payments are a type of compensation an employer gives to an employee that complements their base pay or salary.
Sample 1
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Bonuses; Incentive Payments. In addition to the compensation set --------------------------- forth elsewhere in this Section 4, for the year commencing on December 14, 2001 and ending on December 14, 2002, the Employee shall be entitled to receive a bonus as follows: Employee shall be entitled to receive a bonus equal to 100% of his base salary each year during the term of this Agreement in the event that Actual Per Share FFO (as defined herein) is greater than or equal to the Target Per Share FFO (as set forth herein) for the corresponding fiscal year. The Target Per Share FFO for the fiscal year ending December 31, 2001 is $1.43 (which is the basis for determining the bonus payable to Employee for the period from the Effective Date to the first anniversary of the Effective Date) and the base salary for the fiscal year ending December 31, 2001 is $375,000; and the Target Per Share FFO for the fiscal year ending December 31, 2002 is $1.25 (which is the basis for determining the bonus payable to Employee for the period from December 14, 2001 to December 14, 2002) and the base salary for the fiscal year ending December 31, 2002 is $390,000; provided that if JDN Realty at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) its outstanding shares of common stock into a greater number of shares, the Target Per Share FFO in effect immediately prior to such issuance or subdivision shall be proportionately reduced, and if JDN Realty at any time reduces the number of its outstanding shares of common stock or combines (by reverse stock split or otherwise) its outstanding shares of common stock into a smaller number of shares, the Target Per Share FFO in effect
Sample 1
Bonuses; Incentive Payments. In addition to the compensation set --------------------------- forth elsewhere in this section 4, for each year or portion thereof during the Employment Term and any extensions thereof, the Employee shall be entitled to receive a bonus in an amount to be determined by the Board of Directors in its discretion, based on certain targeted goals set by the Board, based upon its evaluation of the Employee's performance during such year or portion thereof. The Employee shall also be eligible to receive such other bonuses or incentive payments as may be approved by the Board of Directors. Without limiting and in addition to the foregoing, on each of the following dates, the Employee shall be entitled to receive a cash bonus in the amount of $25,000 if the period of actual employment under this Agreement continues to the applicable date: January 1, 2001, April 1, 2001, July 1, 2001 and October 1, 2001; provided, however, that in the event of a "Termination Upon a Change in Control" or a "Termination Other Than for Cause," both as hereinafter defined, the Employee shall be paid all of such remaining unpaid bonus payments.
Sample 1
Bonuses; Incentive Payments. Compensation, as defined in Section 3.01 of the Adoption Agreement, includes the following types of incentive payments other than Commissions: Type Will be treated as Performance Based on Compensation Yes No Bonuses X Sales Incentive Payments* X Not Applicable *The definition of Compensation excludes Sales Incentive Payments for Plan Years after 2017.
Sample 1

Related to Bonuses; Incentive Payments

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • 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%

  • Bonus Payments In addition to Base Salary, Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted) of the Company; provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance).

  • 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.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • 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 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”):

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

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