Executive Percentage Sample Clauses
The Executive Percentage clause defines the proportion of profits, revenues, or other financial metrics that an executive is entitled to receive as part of their compensation. Typically, this clause specifies the exact percentage, the calculation method, and the timing of payments, such as quarterly or annually, and may apply to net profits, gross revenues, or other defined financial benchmarks. Its core practical function is to clearly establish the executive's share in the company's financial success, thereby aligning incentives and reducing ambiguity or disputes over compensation.
Executive Percentage. The “Executive Percentage” for the period commencing January 1, 2020 through December 31, 2020 is set forth in Schedule 2.5 and thereafter the Executive Percentage and the Executive Allocated Expenses will be determined annually by the Provider, in consultation with [____] and the Executive, prior to each December 15th of the Term, pursuant to paragraph (e) below.
Executive Percentage. The “Executive Percentage” and the Executive Allocated Expenses will be determined annually by the Provider, in consultation with SplitCo and the Executive, prior to each December 15th of the Term, pursuant to Section 2.4(e) below.