Performance Incentive Compensation Sample Clauses

Performance Incentive Compensation. 8.1. During each Contract Year, Coach will be eligible to receive performance incentive compensation for achieving annual specified performance goals (“Performance Goals”) in the amounts set forth in Appendix E (“Incentive Compensation”), provided Coach meets the Performance Incentive Criteria, as that term is defined herein, during each Contract Year. Any such Incentive Compensation shall be prospective, compensating Coach only for services and events which have not occurred at the time of the signing of this Agreement. Any Incentive Compensation provided will be (a) subject to any conditions, limits or restrictions as set forth in this Agreement; (b) subject to any conditions, limits, or restrictions of University Rules; and (c) subject to the availability of adequate funding. All determinations of whether adequate funding is available shall be determined by the Director of Athletics, in his/her sole discretion. Incentive Compensation shall be payable by May 1 of each Contract Year in which it was earned.
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Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 100,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.
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Performance Incentive Compensation. Executive shall be entitled to compensation based on a performance bonus for achieving major milestones of growth, manufacturing, revenue and performance of the company. These goals shall be determined by the board of directors as part of the agreed upon strategic plan and budget goals and could include such items as: 1) raising adequate capital levels on terms acceptable to the board and in the best interest of shareholders; 2) achieving technology milestones that allow completion of ESL technology for 3rd party testing and manufacturing bulbs for sale; and 3) achieving revenue targets for the company into defined distribution channels in the U.S. and internationally. Executives’ performance incentive compensation shall be decided and awarded no later than October 4 of 2011, or within one month after termination of agreement by either party.
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Performance Incentive Compensation. Promotion - Promotion is the movement of an employee from one classification to another classification having a higher salary range. At the time an employee is promoted, his or her salary shall be adjusted as follows: If the first step in the salary range for the employee’s new position is at least five percent (5%) greater than the employee’s current salary range, the employee shall be moved to the first step of the new salary range. If the first step in the salary range for the employee’s new position is less than five percent (5%) greater than the employee’s current salary range, the employee shall be moved to the step which would provide, at minimum, a five percent (5%) increase in salary. If no step in the salary range for the new position would provide the employee with at least a five percent (5%) salary adjustment, the employee shall be moved to the top step of the new salary range.
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Performance Incentive Compensation. Employees represented by UNION who have remained at the top step of the same salary range for five (5) years may be eligible for an additional step increase of five percent (5%) following receipt of a cumulative rating of three
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Performance Incentive Compensation. 4.2.1 The Board shall annually pay Xx. Xxxxx up to forty thousand and eight-hundred dollars ($40,800.00), or up to fifteen percent of her Base Salary, representing an annual discretionary “Performance Incentive Compensation” payment based on quantitative and qualitative indicators established by the Board and mutually agreed to by the parties no later than September 1st of each year of the Initial Term, beginning on September 1, 2020. Such quantitative and qualitative indicators shall be memorialized and incorporated herein as Exhibit B to this Agreement. It is within the sole discretion of the Board based upon the annual assessment of Xx. Xxxxx to determine whether the Performance Incentive Compensation payment, or a portion thereof, has been earned.
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Performance Incentive Compensation. If the Owner intends to pay the Operator performance incentive compensation, the Owner will pay such compensation at the end of the New Operations Period [and in accordance with the Performance Incentive Compensation Appendix].
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Performance Incentive Compensation. The Company will pay Executive Performance Incentive compensation in consideration of the Executives successful execution of responsibilities. The Executive agrees incentive compensation for all transactions will be 2% and shall be paid in kind. Should the transaction involve an entity with exceptional EBITDA, a bonus of 1% to be paid in kind shall apply. Should the transaction involve an entity with exceptional cash reserves, a bonus of 1% to be paid in cash shall apply. If the Executive and the Company cannot agree to an appropriate bonus, it will be submitted to binding AAA arbitration in Orange County, California.
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Performance Incentive Compensation 
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Related to Performance Incentive Compensation

  • 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 Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • 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.

  • Performance Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • 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.

  • 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.

  • 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”):

  • 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.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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