REPAYMENT OF INCENTIVES Sample Clauses

REPAYMENT OF INCENTIVES. If after the project is completed and Borrower draws down Loan proceeds, Borrower receives a state, federal, or local incentive (not including a utility rebate/incentive) for all or a portion of the project costs that have been funded by this Loan, then Borrower must submit principal repayment to the California Energy Commission in the amount of the incentive within 30 calendar days of receipt of the incentive. This repayment will be considered an unscheduled principal repayment.
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REPAYMENT OF INCENTIVES. If after the Project is completed and Xxxxxxxx draws down Loan proceeds, Xxxxxxxx receives a state, federal or local incentive (not including a utility rebate/incentive) for all or a portion of the Project costs that have been funded by this Loan, then Borrower must submit principal repayment to the Energy Commission in the amount of the incentive within 10 working days of receipt of the incentive. This repayment will be considered an unscheduled principal repayment.
Sample 1
REPAYMENT OF INCENTIVES. 38 7.1 Distribution of Property Net Income 38 (a) First 38 (b) Second 38 (c) Third 38 7.2 Survivability of Distribution Obligation 38 ARTICLE VIII. FEES AND EXPENSES 39 8.1 Public Art Fee 39 8.2 Transactions With Affiliates. 39 ARTICLE IX. INSURANCE AND INDEMNITY 39 9.1 Insurance 39 (a) General 39 (b) Special Requirements. 41 (c) Additional Insured 41 (d) Cost 41 9.2 Indemnity and Release 42 (a) Indemnity 42 (b) Claims 42 (c) Notification. 42 (d) Release. 43
Sample 1
REPAYMENT OF INCENTIVES. In the event that your employment with the Company is terminated for any reason, either voluntarily by you or by Compass for Cause, prior to the first (1st) anniversary of your receipt of certain incentive payments made to you in connection with your second year of employment (the "Second Incentive Payments"), you shall immediately repay such Second Incentive Payment, in full, and the Company, at its option, shall have the automatic right to offset any compensation owed to you against the Second Incentive Payment, unless prohibited by law.
Sample 1
REPAYMENT OF INCENTIVES. The City may require the Developer to repay either or both of the Income Tax Incentive paid based on employees of the Developer or its affiliates (and not COhatch members) and the Economic Development Grant if COhatch ceases Headquarters operations at Riverview Village within 10 years of the first payment of the Economic Development Grant.
Sample 1

Related to REPAYMENT OF INCENTIVES

  • Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • 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.

  • Equity Incentive Awards Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board. In the event of a Change of Control (as defined in the Redwood Trust, Inc. Executive Deferred Compensation Plan) in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Special Bonus In addition to the Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company or its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the "Special Bonus") in recognition of the Executive's services during the crucial one-year transition period following the Change of Control in cash equal to the sum of (A) the Executive's Annual Base Salary and (B) the Highest Annual Bonus. The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

  • 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.

  • 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.

  • Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

  • 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 incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

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