Effective 2020 Sample Clauses
The 'Effective 2020' clause establishes the date from which the terms and obligations of the agreement become legally binding, specifically indicating that the contract takes effect in the year 2020. This means that any rights, duties, or responsibilities outlined in the agreement are enforceable starting from that year, regardless of when the contract was signed or negotiated. By clearly specifying the effective date, this clause ensures clarity for all parties regarding when their commitments begin, thereby preventing disputes about the timing of contractual obligations.
Effective 2020. The parties agree to re-open on the subject of wages only.
Effective 2020 acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. *Fiscal 2018 (January 1, 2018 to December 31, 2019 Paid out in 2019) *Fiscal 2019 (January 1, 2019 to December 31, 2020 Paid out in 2021)
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. The Short Term Incentive Program will pay out as per the following schedule. *Fiscal 2018 (January 1, 2018 to December 31, 2019 Paid out in 2019) *Fiscal 2019 (January 1, 2019 to December 31, 2019 Paid out in 2020) *Fiscal 2020 (January 1, 2020 to December 31, 2020 Paid out in 2021) The incentive will be paid out to the non-temporary employees on payroll as at December 31st, in the following year, based on the achievement of Company and department targets established by the Company at the beginning of the fiscal year. The payout will be department targets established at the beginning of the fiscal year. The payout will be based on the employee’s rate as of December 31st. Employees hired during January 1 to December 31 will have their payout pro-rated for partial and total month’s work.
Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year.
Effective 2020. DocuSign Envelope ID: F802450E-B653-4C94-99DD-FF9AEBEC50FB acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.