Performance Incentive Pay Sample Clauses

Performance Incentive Pay. A. The performance incentive pay determined in accordance with Section 1 above shall be equal to one point-two five percent (1.25%) of the employee's base pay.
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Performance Incentive Pay. In addition to the base salary established by the “salary schedule”, each principal shall be eligible for performance incentive compensation at the end of each contract year, implemented as follows:
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Performance Incentive Pay. The Superintendent of Schools shall qualify to receive Performance Incentive Pay if he receives an overall evaluation rating of Effective or Highly Effective for each of the two evaluation periods. The Performance Incentive Pay will be based on the following weighted factors: (A) Evaluation (Indiana School Boards Association Tool or some other mutually agreeable evaluation tool) – 45%; (B)
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Performance Incentive Pay. The Superintendent of Schools shall qualify to receive Performance Incentive Pay if he receives an overall evaluation rating of Highly Effective for each of the two evaluation periods. The Performance Incentive Pay will be based on the following weighted factors: (A) Evaluation (Indiana School Boards Association Tool)—45%; (B) Board Goals and Metrics mutually agreed upon by the Board and the Superintendent of Schools—45%; (C) School Corporation Grade of Highly Effective or Effective (Indiana Department of Education Metric)—A=Highly Effective, B=Effective, C=Improvement Necessary, D=Improvement Necessary, F=Ineffective—10%. The Superintendent shall qualify to receive ten thousand dollars ($10,000.00) of Performance Incentive Pay if he receives an overall ranking of Highly Effective in the evaluation segment; Highly Effective or Effective in the IDOE School Corporation Grade segment; and Highly Effective in the Board Goals and Metrics segment.
Sample 1
Performance Incentive Pay. In addition to the compensation described in section 3.1 above, the Superintendent shall be eligible for up to a Seven Thousand Five Hundred and No/100 ($7,500.00) performance bonus for the 2018–2019 school year. The amount of the $7,500.00 performance bonus awarded will be determined by the Board, pursuant to a written performance plan that is agreed to and based upon the Superintendent’s performance against his 2018-2019 performance goals. Upon satisfaction of these conditions, the performance incentive pay will be made in full no later than the next regular pay cycle after the official confirmation of the ratings by the Texas Education Agency.
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Performance Incentive Pay. The Chief Executive Officer may grant any person employed in any class in the CRAMA Management Unit a lump sum bonus of up to 5% of the annual amount of the appropriate step rate of the salary range prescribed for that class subject to the following conditions:
Sample 1
Performance Incentive Pay. The Superintendent shall qualify to receive Performance Incentive Pay during the term of this Contract as follows:
Sample 1
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Performance Incentive Pay. The Chief Executive Officer may grant any person employed in any class in the Basic, Professional and Supervisory Units (BPS) a lump sum bonus of up to 5% of the annual amount of the appropriate step rate of the salary range prescribed for that class subject to the following conditions:
Sample 1
Performance Incentive Pay. The quarterly performance incentive pay will be determined and paid as follows:
Sample 1

Related to Performance Incentive Pay

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • 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 Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • 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.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • 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”):

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