EFIP Sample Clauses

The EFIP (Early Final Investment Payment) clause establishes the terms under which a party must make a significant payment at an earlier stage of a project or contract, typically before the final completion or delivery. This clause usually specifies the timing, amount, and conditions that trigger the early payment, such as reaching a certain project milestone or upon approval of key deliverables. By requiring payment in advance of final completion, the EFIP clause helps ensure that the party performing the work has sufficient funds to continue operations and reduces the risk of non-payment, thereby facilitating smoother project execution and financial planning.
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EFIP. During the Term the Executive will be enrolled in the Enhanced Fairchild Incentive Plan (EFIP), at a targeted participation level of 40%. While bonuses under this program are never guaranteed, typically, if the company meets its EBITDA goals, participants receive 100% of the targeted payout. If the company exceeds those goals, participants can receive up to 200% of the targeted payout.
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EFIP. During the Term the Executive will be enrolled in the Enhanced ▇▇▇▇▇▇▇▇▇ Incentive Plan ("EFIP"), at a participation level of at least 80%. By way of example only, if an EFIP bonus is paid at the 100% target level, the Executive would receive a bonus equal to 80% of his earnings during the measurement period. For the 2004 measurement period, if an EFIP bonus is paid at the 100% target level, the Executive will receive a bonus payment reflecting 80% of actual 2004 earnings. For the 2005 measurement period only, the Company shall pay the Executive an EFIP bonus at a minimum 100% target level, based on the Executive's 2005 earnings and EFIP participation level in effect for that year, whether or not such a bonus is paid at that or any other level to any other EFIP participants for 2005. If EFIP bonuses are paid above the 100% target level, the Executive will be eligible for additional payments in accordance with the plan.
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Related to EFIP

  • 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.

  • 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 Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Management Plan The Management Plan is the description and definition of the phasing, sequencing and timing of the major Individual Project activities for design, construction procurement, construction and occupancy as described in the IPPA.