Compensation Pool Sample Clauses

Compensation Pool. The annual operating profits of Bowex, xxter operating expenses and before taxes, will be apportioned to Bowex'x xxxpensation pool, dividends and reserves as follows:
Sample 1
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Compensation Pool. As exclusive compensation for the services of ----------------- Medical Group Physician under this Agreement and all other Medical Group Physician employees of Medical Group under their respective Employment Agreements, Medical Group shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be equal to all amounts distributed to Medical Group pursuant to Section 2 of Article A of Appendix B of the Services Agreement. The Compensation Pool shall be allocated among and distributed to Medical Group Physician and other Medical Group Physician employees of Medical Group as provided in this Appendix A. Medical Group Physician shall not be entitled to any compensation for services under this Agreement except as provided in this Appendix A.
Sample 1
Compensation Pool. For the period beginning on the Closing Date and ending on December 31, 2019, Buyer shall establish a compensation pool for the benefit of the employees and partners of Buyer designated by Buyer as supporting the Business (the “Compensation Pool”). The Compensation Pool shall represent the maximum aggregate compensation, including benefits, of all employees and partners of Buyer designated by Buyer as supporting the Business, including the salaries of the Principals. The amount of the Compensation Pool shall be equal to forty percent (40%) of the revenue sourced by the Business during such period (excluding revenues derived from Clients who are introduced to the Business after the Closing Date by Buyer, any of its Affiliates, or any third-party solicitor or other representative of Buyer or any of its Affiliates (other than the Principals and Transferred Employees or the portfolio management group of the Business)). The Compensation Pool shall be paid out in accordance with the Buyer’s compensation policies in effect from time to time. The allocation of the Compensation Pool among the employees and the partners of Buyer designated as supporting the Business shall be determined by the Principals, subject to the prior consent of Buyer (such consent not to be unreasonably withheld, conditioned or delayed). This Section 5.1(c), including the amount of the Compensation Pool, may be amended by the written agreement of all of the parties hereto (or their successors in interest, if applicable). Upon the fifth anniversary of the Closing Date, partners of Buyer designated as supporting the Business shall be eligible to participate in Buyer’s Portfolio Management Compensation Plan as it may be in effect at that time.
Sample 1
Compensation Pool. Beginning in fiscal year 2019 and continuing for any fiscal year in which there is an Earn-Out Period in which the Sellers are eligible to receive a Contingent Payment in accordance with this Agreement, the Buyers shall cause the Group Companies to create an annual compensation pool in accordance with the terms and conditions set forth in Annex M hereto.
Sample 1
Compensation Pool. As exclusive compensation for the ----------------- services of the Physician Members under their respective Employment Agreements, MCP shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be in an amount determined pursuant to this Section 7.1 and Section 7.2 and shall be allocated among and distributed to the Physician Members as provided in Section 7.4. No Physician Member shall be entitled to any compensation for services under an Employment Agreement or these Terms and Conditions except as provided in this Article VII. The amount of the Compensation Pool with respect to each Fiscal Period shall be determined as an allocation of Stage One Gross Margin between the Compensation Pool and MCP, which allocation shall be determined as provided below:
Sample 1
Compensation Pool. In addition to the Fixed Annual Compensation, Employee shall be entitled to participate in the profits of the Company by way of a Compensation Pool Agreement, a copy of which is attached hereto as Exhibit "A" (the "Compensation Pool"). The Company shall account to Employee no less frequently than quarterly with respect to the Compensation Pool beginning with the Effective Date and continuing for a period of five (5) years thereafter. Statements, which shall be accompanied by payments of any amounts shown to be due Employee, shall be delivered to Employee within forty-five (45) days following the close of the applicable accounting period (60 days with respect to annual accountings). Employee shall have the right, exercisable not more frequently than once annually, to audit the Company's books and records, which audits shall be performed by a reputable firm of certified public accountants and which shall not unreasonably interfere with the operation of the Company's business.
Sample 1

Related to Compensation Pool

  • 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.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • 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").

  • 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”):

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • 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”).

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

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