Performance Incentive Payment. All non-probationary bargaining unit employees shall be paid $300.00 annually provided they received a Meets Expectations/Valued Employee rating on their most recent annual performance evaluation or $450.00 provided they received an Exceeds Expectations on their most recent annual performance evaluation. Performance incentive payments shall be paid on or about the first day of December of each year with a regular paycheck. In case of the employee’s resignation with proper notice, death or retirement, the performance incentive payment shall be pro-rated with the amount based on the most recent annual performance evaluation on file.
Performance Incentive Payment. 9.1.1.1. The Department shall pay the Contractor, after the end of the fiscal year in which the work was performed, a Performance Incentive Payment for each Performance Incentive Standard it meets during the applicable Reporting Period as follows:
Performance Incentive Payment. In addition to his annual salary, the Superintendent shall be entitled to an annual incentive payment as provided herein. More particularly, if the Superintendent meets the annual objective performance standards as described in Section 7 above, the Superintendent shall receive an incentive payment, not to exceed five percent (5%) of his base salary for the prior year. The incentive payment shall be based on the following assessment of his performance of the mutually agreed upon Objective Performance Standards established in accordance with Section 7 of this Agreement: Percentage of Performance Incentive Overall Objective Performance Standards Rating 100% (3.6-4.0) 75% (3.0-3.5) 50% (2.0-2.9) 25% (1.0-1.9) 0% (Below 1.0) By way of example, in the event the Board determines that the Superintendent’s overall rating regarding the mutually agreed upon Objective Performance Standards is within the range of (3.6-4.0) for the 2015-2016 school year, the incentive amount payable to him shall equal Nine Thousand Seven Hundred Fifty Dollars ($9,750.00) = ($195,000.00 X 5% X 100% = $9,750.00). Such performance incentive payments shall be made on or before the first pay in January following the school year in which the performance incentive is earned. The incentive payment shall not be a permanent adjustment to the base salary, but will be credited as retirement-covered compensation towards PSERS for the calendar year in which it was paid. Annual evaluations, which will constitute the basis for determining the incentive amount, shall take place as soon as the data is available to perform the annual evaluation as set forth in Section 7 of this Agreement.
Performance Incentive Payment. (a) Within a reasonable period of time following confirmation by Parent (but in any event no later than December 31, 2000), that: (i) the Surviving Corporation's third quarter 2000 net revenue, calculated in accordance with GAAP (the "Third Quarter Revenue"), subject to Section 1.7(b) hereof, is (1) equal to or greater than $1,352,001 but equal to or less than $1,774,500 and the EBITDA for the third quarter is at least 7.10% of the Third Quarter Revenue, or (2) equal to or greater than $1,774,501 and the EBITDA for the third quarter is at least 7.9% of the Third Quarter Revenue; and (ii) the result of the Surviving Corporation's total liabilities minus its actual current assets as of September 30, 2000 is equal to or less than the result of the Company's total liabilities minus its actual current assets as of April 30, 2000, each of the Selling Stockholders and any other holders of Parent Common Stock who acquired such shares pursuant to the exercise of Company Options outstanding at the Effective Time (the "Incentive Payees") shall receive from Parent a payment (the "Third Quarter Stockholder Payment") to be calculated and distributed in accordance with this Section 1.7. The term
Performance Incentive Payment. 30.4.1 The Company may continue to administer performance incentive payments for seasonal tasks against agreed performance indicators. The terms of performance incentive payments are to be discussed and agreed to between the parties through the ECC at least 2 months prior to the start of seasonal operations.
Performance Incentive Payment. Subject to available funds, HCA will implement a Health Home Lead entity performance payment effective July 1, 2017. Payment is to be used to reward Care Coordination Organizations serving clients that are dually-eligible for Medicare and Medicaid on successful beneficiary engagement. Performance payments may also be provided for improved beneficiary engagement. These performance payments shall be equal to at least a 20 percent increase of the current rates paid to the Care Coordination Organizations.
Performance Incentive Payment. At the end of each month, US Airways will compute the total number [*] by Chautauqua and provide a summary statement summarizing the [*] the preceding month. US Airways will [*] upon the following table: [*]
Performance Incentive Payment. Together the Public Contribution and Access Fee shall hereinafter be referred to as the “Performance Incentive Payment”. The Performance Incentive Payment shall be paid by the EDA directly to the financial institution from which the Company acquired its Gap Financing. The EDA will not pay the Public Contribution to the financial institution unless and until it receives the Access Fee from the Company. The Performance Incentive Payment shall not be provided to the Company directly. The Performance Incentive Payment may only pay principal and interest due upon the Gap Financing and shall not be directed to pay any other fees or charges of any kind. The Performance Incentive Payment will be subject to any restrictions or limitation set forth in the Code Section, but so long as the requirements of the Code Section and the terms of this Agreement are met the Performance Incentive Payments shall continue to be made by the EDA.
Performance Incentive Payment. Employees who receive a Meets Expectations performance rating or higher shall receive the following annual non-cumulative performance incentive payments: After 5 years of continuous full time service $500.00 After 10 years of continuous full time service $800.00 After 15 years of continuous full time service $1,000.00 After 20 years of continuous full time service $1,250.00 After 25 years of continuous full time service $1,750.00 After 30 years of continuous full time service $2000.00 Full performance incentive payments (PIP) will be made on the anniversary date of the employee’s initial date of employment. In the event a written performance evaluation has not been completed by the employee’s anniversary date, the employee will receive the PIP as if he/she had received a Meets Expectations rating. Payment for this article shall come from operating departments affected. Effective July 1, 2016 The parties agree to add a step of five (5%) percent to the base wage for employees who have served 20 years of full time service with the Town of Canton.
Performance Incentive Payment. Consultant will be eligible for a discretionary annual performance incentive payment in such amount and subject to such performance objectives as agreed to between the Company and the Consultant and as approved by the Board of Directors, provided that Consultant will receive a minimum guaranteed incentive payment of $45,000 per year for each full year of Consulting Services provided under this Agreement, payable as soon as practicable following the end of each such year. No prorated annual performance incentive payment can be earned. The performance incentive payment payable pursuant to this Section 3.2 is in addition to the consulting fee provided for in Section 3.1 above.
