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 in an amount equal to a specified percentage of his base salary if the Corporation attains its consolidated financial goals during such calendar year of the Corporation. 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. The first calendar year of the Corporation for purposes of the Management Incentive Program will commence on January 1, 1996 and end on December 31, 1996. If the term of employment of the Employee under this Employment Agreement shall include a portion of a calendar year of the Corporation commencing after January 1, 1996, the Corporation shall not pay the Employee, and the Employee shall not be entitled to receive, any amount under the Management Incentive Program. 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 have no right to inspect any of the books, papers or records of the Corporation, except that 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.
Incentive. If AMERX net sales for fiscal 2022 quarter increase at least 15% but less than 25% over the prior fiscal years’ net sales for the corresponding quarter, incentive pay will consist of a cash payment equal to 4.25% of net sales growth for that quarter over the prior fiscal years’ net sales for that quarter.
Incentive. Full-time employees who have a minimum of two hundred forty (240) hours accumulated sick leave in a calendar year, and who do not exceed the maximum hours annually as outlined below, may qualify for additional transfer of sick time hours to personal time hours. From January 1 through June 30 – 0.0 hours used will earn 8 hours of personal time From July 1 through December 31 – 0.0 hours used will earn 8 hours of personal time Part-time employees who are at least 0.5 FTE or greater are also eligible for the incentive program on a pro- rated basis. Qualifications for the incentive are based on union FTE status as of December 31.
Incentive. BONUS: Employee's incentive bonus for each fiscal year shall ----- provide for a maximum bonus of up to 200% of his base salary for such year and shall be subject to such terms and conditions as shall be determined in good faith by the Board of Directors, with the recommendation of and in consultation with the Compensation Committee of the Board of Directors. The incentive bonus may be based on financially oriented components or upon Employee's individual accomplishments or both. At the request of Employee, within ten (10) business days after the commencement of each fiscal quarter, DPRC shall advance to Employee up to one-eighteenth (1/18th) of the maximum bonus payable by DPRC to Employee hereunder. The incentive bonus earned for a fiscal year of DPRC (less the aggregate amount of all advances made by DPRC to Employee with respect to such fiscal year) shall be paid not later than thirty (30) calendar days following the review and approval by the Board of Directors of DPRC of the final financial statement results of the audit for said fiscal year by DPRC's independent auditors. In the event that the aggregate amount of advances made by DPRC to Employee hereunder during any fiscal year exceeds the amount of the incentive bonus earned by Employee for such fiscal year, Employee, within thirty (30) calendar days of the determination of such amount, shall pay such excess to DPRC. The current incentive bonus plan is based on DPRC reaching its internal target levels of budgeted operating income for the fiscal year, as it may be amended as a result of acquisitions for the year included (the "Target OI"). A total of 50% of Employee's base salary shall be paid if the Target OI is achieved by DPRC. For each 5% above Target OI achieved by DPRC, Employee shall receive an additional 10% of base salary up to the maximum 200% of base salary.
Incentive. Incentives are defined under FAR Subpart 16.4, Incentive Contracts, and other applicable agency-unique regulatory supplements. The OCO will determine fair and reasonable pricing for all Incentive Task Orders and develop a plan to implement and monitor an Award-Fee, Incentive-Fee, or Award-Term result in accordance with FAR 15.4, Pricing.