Incentive Compensation Calculation Sample Clauses

Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing ratio expressed as a percentage ("IGSR") for the fiscal year, the result multiplied by the Entitled Percent. The ISGR is determined with reference to the following table: INCOME GROWTH SHARING RATIO Income Before Tax and Incentive Compensation Less as a % of Revenues than 5%* 5%-9.99%* 10%-14.99%* 15%-24.99%* Over 25%* ----------------------- -------- --------- ----------- ----------- --------- 0 - 8.99% 0 0 0 .2% .3% 9.00% - 14.99% .3% .4% .5% .6% .7% 15.00% - 19.25% .5% .6% .8% 1.0% 1.2% Over 19.25% .8% 1.0% 1.3% 1.6% 1.8% *IBTIC Growth Rate ISGR is determined by first determining the IBTIC as a percent of revenue for the current fiscal year and then entering the table along that line until the appropriate IBTIC Growth Rate is reached; the ISGR is shown at that intersection in the table. For purposes of this table, IBTIC Growth Rate for each applicable fiscal year is derived from the following formula: IBTIC [Current Fiscal Year] --------------------------- minus 1 x 100 IBTIC [Prior Fiscal Year] In the event that either the IBTIC Growth Rate or the IBTIC, as computed above, is zero or negative for a particular fiscal year, it shall be treated as zero for purposes of the foregoing computation for such year.
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Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing ratio expressed as a percentage ("IGSR") for the fiscal year, the result multiplied by the Entitled Percent. The ISGR is determined with reference to the following table:
Sample 1
Incentive Compensation Calculation. In consideration of the Employee's execution, delivery and performance of this Agreement, on the Incentive Compensation Payment Date (a) if the Incentive Compensation Calculation Date occurs on a date referred to in clause (i), (iv) (v), (vi) or (vii) of Section 3.1(e), the Company shall pay to the Employee an amount in cash equal to (i) the Annualized Fee Revenues multiplied by 2.75, less (ii) the Asset Acquisition Consideration (as defined in the Asset Acquisition Agreement) valued as of the Measurement Date (as defined in the Asset Acquisition Agreement; such amount being hereinafter referred to as the "Full Term Incentive Compensation"); and (b) if the Incentive Compensation Calculation Date occurs on a date referred to in clause (ii) or (iii) of Section 3.1(e), the Company shall pay to the Employee or the Employee's estate, as
Sample 1
Incentive Compensation Calculation. Executive's Incentive Compensation shall be calculated as the sum of the following three (3) calculations within this paragraph 3(c)(iii):
Sample 1
Incentive Compensation Calculation. The formula for determining incentive compensation is as follows: Incentive Compensation equals the product of Thomxx Xxxup revenues for the applicable fiscal year multiplied by the income growth sharing INCOME GROWTH SHARING RATIO Income Before Tax and Incentive Compensation Less as a % of Revenues than 5%* 5%-9.99%* 10%-14.99%* 15%-24.99%* Over 25%* ------------------ -------- --------- ----------- ----------- --------- 0 - 8.99% 0 0 0 .2% .3% 9.00% - 14.99% .3% .4% .5% .6% .7% 15.00% - 19.25% .5% .6% .8% 1.0% 1.2% Over 19.25% .8% 1.0% 1.3% 1.6% 1.8% *IBTIC Growth Rate ISGR is determined by first determining the IBTIC as a percent of revenue for the current fiscal year and then entering the table along that line until the appropriate IBTIC Growth Rate is reached; the ISGR is shown at that intersection in the table. For purposes of this table, IBTIC Growth Rate for each applicable fiscal year is derived from the following formula: IBTIC [Current Fiscal Year] --------------------------- minus 1 x 100 IBTIC [Prior Fiscal year] In the event that either the IBTIC Growth Rate or the IBTIC, as computed above, is zero or negative for a particular fiscal year, it shall be treated as zero for purposes of the foregoing computation for such year.
Sample 1

Related to Incentive Compensation Calculation

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

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