RENT INCENTIVE Sample Clauses

RENT INCENTIVE. Subject to the Lessee not being in breach of its obligations under this lease:
Sample 1
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RENT INCENTIVE. The Lessee agrees and accepts to pay to the Lessor the Goods and Services Tax (GST), the Quebec Sales Tax (QST) and all other similar taxes that the Lessor could be asked to collect from the Lessee with regard to any incentive to rent granted to the Lessee including without limitation Free Rent, Moving Allowance, Access before Commencement of the Term, or other.
Sample 1
RENT INCENTIVE. Lessee shall receive a rent incentive in the amount of One Hundred Thirty Seven Thousand, Eight Hundred Twelve Dollars and 50/100 ($137,812.50), (Calculation: 75,000 square feet of warehouse space @ $3.15 per square foot times 7 months.) The rent incentive will be applied to Lessee's Base Rent April 1, 2004 through October 31, 2004 in equal monthly Installments of Nineteen Thousand, Six Hundred Eighty Seven Dollars and 50/100 ($19,687.50)
Sample 1
RENT INCENTIVE. In addition to Rent Incentive described in the Addendum to the Lease. Lessee shall receive a rent incentive on the additional 13,250 square feet in the amount of Nineteen Thousand, One Hundred Twenty Nine Dollars ($19,129.00). The rent incentive shall be applied as follows: April 1, 2004 through June 30, 2004, Lessee shall receive three monthly rent credits of Three Thousand Four Hundred Seventy Eight Dollars ($3,478.00) July 1, 2004 through November 30, 2004, Lessee shall receive five monthly rent credits of One Thousand Seven Hundred Thirty-Nine Dollars ($1,739.00).
Sample 1

Related to RENT INCENTIVE

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • 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.

  • Base Salary and Incentive Compensation Executive’s initial annual base salary shall be three hundred nine thousand dollars ($309,000). Executive’s base salary shall be redetermined annually by the Board or a Committee thereof. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable in substantially equal installments on a bi-weekly or more frequent basis. In addition to Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board or a Committee thereof from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board or a Committee thereof shall determine from time to time for employees of the same status within the hierarchy of the Company.

  • 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.

  • 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.

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • 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, 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”).

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

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