Incentive Payout. The final Charter Sales Bonus will be calculated in USD and be converted to GBP at the spot currency exchange rate commensurate on the Compensation Committee approval date.
Incentive Payout. 25.01 The Company will pay the following Incentive Payout amount in February of 2022, 2023, and 2024. Any full-time employee will be entitled to the incentive bonus for the previous fiscal year provided they have at least one year’s permanent seniority as of December 31st (fiscal year end). These amounts are based upon the Cost of Goods (COGS) vs. Budget in Guelph. COGS vs. Budget, $/hl 2022 Incentive (Feb 2023 Payout) 2023 Incentive (Feb 2024 Payout) 2024 Incentive (Feb 2025 Payout) > $0.50 Under budget $1350 $1350 $1350 $0.41 - $0.50 Under budget $1000 $1000 $1000 $0.31 - $0.40 Under budget $850 $850 $850 $0.21 - $0.30 Under budget $650 $650 $650 $0.11 - $0.20 Under budget $500 $500 $500 $0.01 - $0.10 Under Budget $350 $350 $350 At or Over budget $0 $0 $0 Permanent Full-time employees with less than one (1) year of Permanent seniority as at December 31st shall have their Incentive Payout entitlement pro-rated as per Appendix E so long as they are not on probationary status at the time of payout.
Incentive Payout. Employee will also receive, dependent on the Company’s fourth quarter 2014 business results, an incentive payout, if any, calculated at the same payout factor and metrics used in 2014 for Executive Incentive Plan (“EIP”) payouts based on the Company’s fourth quarter 2014 business results. Employee will receive an incentive payout based on “actual” results on the annual MBO portion of the incentive plan. The incentive payouts, if any, will be distributed to Employee at the same time payouts are made to employees at the Company. Employee will not be eligible for any incentive payouts for periods beginning after December 31, 2014.
Incentive Payout. Xx. Xxxxx will also receive, dependent on the Company’s fourth quarter 2015 business results, an incentive payout, if any, calculated at the same payout factor and metrics used in 2015 for Executive Incentive Plan (“EIP”) payouts based on the Company’s fourth quarter 2015 business results. Xx. Xxxxx will also receive an incentive payout based on “actual” results on the annual MBO portion of the incentive plan. The incentive payouts, if any, will be distributed to Xx. Xxxxx at the same time payouts are made to executives at the Company. Xx. Xxxxx will not be eligible for any incentive payouts for periods beginning after December 31, 2015.
Incentive Payout. 25.01 The Company will pay the following Incentive Payout amount in February of 2018, 2019, 2020 and 2021. . Any full-time employee will be entitled to the incentive bonus for the previous fiscal year provided they have at least one year’s permanent seniority as of December 31st (fiscal year end). These amounts are based upon the Cost of Goods (COGS) vs. Budget in Guelph. COGS vs. Budget, $/hl 2018 Incentive (Feb 2019 Payout) 2019 Incentive (Feb 2020 Payout) 2020 Incentive (Feb 2021 Payout) 2021 Incentive (Feb 2022 Payout) > $0.50 Under budget $1200 $1200 $1200 $1200 $0.41 - $0.50 Under budget $1000 $1000 $1000 $1000 $0.31 - $0..40 Under budget $850 $850 $850 $850 $0.21 - $0.30 Under budget $650 $650 $650 $650 $0.11 - $0.20 Under budget $500 $500 $500 $500 $0.01 - $0.10 Under Budget $350 $350 $350 $350 At or Over budget $0 $0 $0 $0 Permanent Full-time employees with less than one (1) year of Permanent seniority as at December 31st shall have their Incentive Payout entitlement pro-rated as per Appendix E so long as they are not on probationary status at the time of payout. Full–time Supplementary employees with less than one (1) year of Permanent seniority as at December 31st shall have their Incentive Payout entitlement pro-rated as per Appendix E so long as they are not on probationary status at the time of payout.
Incentive Payout
