Incentive PI Sample Clauses
The 'Incentive PI' clause establishes a framework for providing additional compensation or rewards to the Principal Investigator (PI) based on the achievement of specific project milestones or performance targets. Typically, this clause outlines the criteria for earning incentives, such as meeting enrollment goals in a clinical trial or delivering results ahead of schedule, and details the calculation and timing of such payments. Its core practical function is to motivate the PI to achieve or exceed project objectives, thereby aligning the PI’s interests with those of the sponsor and promoting successful project outcomes.
Incentive PI. During the term of the Employee's employment hereunder, the Employee shall be a participant in the SBU Incentive Plan, as modified from time to time (the "Annual Incentive Plan"). The Employee's "target bonus percentage" for purposes of the Annual Incentive Plan shall be fifty percent (50%) for calendar year 2000 (as if paid for a full year). Such bonus shall be paid strictly in accordance with the Annual Incentive Plan. For calendar year 2001 and thereafter, Employee's bonus shall be determined and paid strictly in accordance with the Annual Incentive Plan as modified or reduced by Employer at its discretion, and for any partial fiscal year the bonus shall be computed and paid only for the portion of the fiscal year Employee is employed hereunder.