Incentive Component Sample Clauses

Incentive Component. The incentive component of the ------------------- Management Fee (the "Incentive Component") payable by the Company to the Manager shall be (i) $5 per Unit per month during the period from the date hereof through December 31, 1999, and (ii) the Current Incentive Amount (as hereinafter defined) per Unit per month from and after January 1, 2000. The "Current Incentive Amount" for purposes hereof, shall be an amount determined for each calendar month, commencing January 1, 2000, which is equal to the product of (x) the Incentive Factor (as hereinafter defined), and (y) the gross Sublease revenues of the Company for the preceding calendar month divided by (z) the number of Units managed under this Agreement. The "Incentive Factor," for purposes hereof, shall mean a fraction the numerator which is the total amount of Incentive Component payable for the period from the date hereof through December 31, 1999 (the "Measuring Period") pursuant to clause (i) above, and the denominator of which is the total gross Sublease revenues of the Company for the Measuring Period. Gross revenues shall be determined from the Company's books and records in accordance with generally accepted accounting principles.
Sample 1
AutoNDA by SimpleDocs
Incentive Component. The incentive component of the ------------------- Management Fee (the "Incentive Component") payable by the Company to the Manager shall be (i) $5 per Unit per month during the period from the date hereof through December 31, 1999, and (ii) the Current Incentive Amount (as hereinafter defined) per Unit per month from and after January 1, 2000. The "Current Incentive Amount" for purposes hereof, shall be an amount per Unit determined for each calendar month, commencing January 1, 2000, which is equal to the product of (x) .000238%, and (y) the gross Sublease revenues of the Company for the preceding calendar month divided by (z) the number of Units managed under this Agreement. Gross Sublease revenues shall be net of any write-offs and shall be determined from the Company's books and records in accordance with generally accepted accounting principles.
Sample 1

Related to Incentive Component

  • Incentive Compensation The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be forty five percent (45%) of their Base Salary, although any the actual incentive compensation amount shall be discretionary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • 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.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • 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.

  • 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.

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Incentive Pay (1) For any calendar year in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then:

  • 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”).

  • Performance Measurement Satisfactory performance of this Contract will be measured by:

Time is Money Join Law Insider Premium to draft better contracts faster.