Builder Incentive Program Sample Clauses

The Builder Incentive Program clause establishes a system of rewards or bonuses for builders who meet or exceed certain performance criteria during a construction project. Typically, this clause outlines the specific milestones, quality standards, or timelines that trigger incentive payments, such as completing work ahead of schedule or achieving superior workmanship. Its core function is to motivate builders to deliver high-quality results efficiently, thereby aligning their interests with the project's success and potentially reducing delays or subpar performance.
Builder Incentive Program. Buyer(s) is aware that from time to time Contractor may offer “Builder Incentives”. Buyer(s) is aware that to receive Builder Incentive all conditions of said incentive must be met. These conditions may vary per neighborhood and may change from time to time without notice. Builder Incentives on already completed homes may vary from Builder Incentives offered on “to-be-built” homes. Buyer(s) acknowledges that they have received said current Builder Incentive and have carefully read and reviewed the terms.
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Related to Builder Incentive Program

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • 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.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • 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.

  • Bonus Program You will be eligible for an annual target bonus of forty percent (40%) of your annual base salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.