Incentive. Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "ROE") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the ROE and Earnings Growth was calculated times the Incentive Award Percentage. Incentive Deferral. On March 1 following each Plan Year, the Company shall declare and pay the Incentive Award in the form of compensation and the Director shall defer such amount to the Deferral Account. Vesting Schedule. Incentive Awards will vest 20% per year commencing with the year the award was declared with the following exceptions: Incentive Awards (and the interest credited to each Incentive Award) will be 100% vested upon (I) a Change of Control, (ii) the Director attaining Normal Retirement Age, and (iii) the Director attaining the Early Retirement Date.
Incentive. For each calendar year of the corporation during the term of employment of the Employee under this Employment Agreement, the Employee shall be entitled to participate in a Management Incentive Program pursuant to the terms of which the Employee may receive compensation in addition to his base salary if the Corporation attains its consolidated financial goals during such calendar year of the Corporation. The "targeted" additional compensation goal for the Employee shall be 40% of his earnings. The Management Incentive Program, including the consolidated financial goals established by the Corporation for the calendar year and the formula to be used to determine the payment of amounts under the Management Incentive Program, will be communicated to the Employee in writing prior to the beginning of each calendar year of the Corporation. If there shall be any disagreement between the Corporation and the Employee as to the calculation of the Management Incentive Bonus in any calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement, the decision of the independent Public Accounting firm of the corporation as to the amount of the Management Incentive Bonus of the Corporation shall be conclusive and binding on the corporation and the Employee. The Employee shall be entitled to inspect any certificate of such independent public accounting firm as to the calculation of the Management Incentive Bonus of the Corporation in any calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement. Incentive payments shall be payable to the Employee on or before March 31 after the end of each calendar year of the Corporation during the term of employment of the Employee under this Employment Agreement. The Employee will not receive any payment under the Management Incentive Program for any calendar year in which the Employee is not actively employed on the last day of that calendar year, but the Employee need not be actively employed at the time the payment is actually made.
Incentive. Renewal Leave for Excellence shall be unpaid but will carry with it the following benefits:
Incentive. The Employee is eligible for an annual cash incentive bonus targeted at fifty percent (50%) of the Salary, with no maximum stipulated, but rather dependent on net income after tax earnings above plan, in accordance with the formula depicted graphically on Schedule 3.(b) attached hereto and to a lessor degree, with the specific objectives set by the Board annually.
Incentive. The Employee is eligible for an annual cash incentive bonus targeted at thirty percent (30%) of the Salary, with no maximum stipulated, but rather dependent on net income after tax earnings above plan, with the specific objectives set by the Board annually. Additionally, the Employee will qualify for VLG and the Company's annual stock option plan after completion of his first year of employment, (participation in which is at the discretion of the Board and the Board of Directors of VLG) for VLG stock.
Incentive. If we agree to pay you an incentive or signing bonus in reliance on information you provide to us on your actual or anticipated annual Transaction volume, average Transaction amount and number and amount of Chargebacks, and in consideration of your entry into this Agreement (the "Incentive") for an Initial Term, we will pay you such Incentive as a one-time, lump sum payment deposited directly to your Account within six (6) months of the deemed effective date of the Agreement. You agree to refund to us for the entire amount of the Incentive if the Agreement is terminated for any reason, including by us, in the first three (3) years of the Initial Term.
Incentive. In accordance with Government Code section 14838(f), and Military and Veterans Code sections 999.5(a) and 999.5(d), the Trustees are granting a bid incentive for bid evaluation purposes only to Proposers that exceed the three percent DVBE participation requirement. The level of DVBE incentive will correlate to the level of participation; that is, the more DVBE participation proposed, the higher the incentive. The bid incentives are identified in the Request for Proposals.