REWARD Sample Clauses
A Reward clause establishes the conditions under which one party will provide a benefit or incentive to another, typically as recognition for achieving specific goals or milestones. In practice, this clause may outline the type of reward—such as a bonus payment, additional vacation days, or other perks—and detail the criteria that must be met to earn it, such as exceeding sales targets or completing a project ahead of schedule. The core function of this clause is to motivate performance and clearly define the circumstances under which rewards are granted, thereby aligning incentives and reducing ambiguity.
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REWARD. This Additional Agreement provides a payment of a reward, including costs to advertise a reward payment, to any person or persons other than the Insured and officers and partners thereof, for information leading to the arrest and conviction of any person or persons for the crimes or arson, vandalism, theft, burglary or robbery or attempt thereat, when such crime results in the payment of a claim under this Policy in respect of the insured property. The Insurer will be the sole judge as to the person or persons to whom a reward is paid and as to the size of the reward paid after costs for advertising the reward are deducted.
REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance;
11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarter and as informed by the quarterly performance assessments;
11.3 A performance bonus of between 5% to 14% of the all- inclusive annual remuneration package may be paid to the Employee in recognition of outstanding performance to be constituted as follows: Between 130% to 149% Performance bonus range from 5% to 9% From 150% and above Performance bonus range from 10% to 14%
11.4 In the event of the Employee terminating his services during the validity period of this Agreement, the Employee’s performance will be evaluated for the portion during which he was employed and he will be entitled to a pro-rata performance bonus based on his evaluated performance for the period of actual service; and
11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.
REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for acknowledging outstanding performance or correcting unacceptable performance;
11.2 The payment of the performance bonus is determined by the performance score obtained during the 4th quarter;
11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following scheme: Performance Rating Bonus Calculation 0% - 64% Poor Performance 0% of total package 65% - 69% Average Performance 5% of total package 70% - 74% Fair Performance 9% of total package 75% - 79% Good Performance 11% of total package 80% - 100% Excellent Performance 14% of total package
11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement’s inception date, the Employee’s performance will be evaluated for the period during which he/she was employed and he/she will be entitled to a pro-rata performance bonus based on his/her evaluated performance for the period of actual service; and
11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.
REWARD. 2.1 The audit committee members shall be entitled to a reward amounting to CZK 10,000 per month for the performance of their function; the deputy chairman of the audit committee shall be entitled to CZK 15,000 per month, and the chairman of the audit committee – to CZK 20,000 per month.
2.2 Rewards are to be paid to the audit committee members upon the expiry of a calendar month, on the date designated for payment of wages to the Company’s employees. The basis for payment of the rewards shall be a written document signed by the chairman and deputy chairman of the audit committee (in the event of absence of either of them, by another audit committee member), and by the chairman or deputy chairman of the board of directors, submitted to the relevant department of the Company.
2.3 Should the Contract for Performance of the Function of an Audit Committee Member stipulate rewards for a certain period of time (months, accounting year), and the Audit Committee Member has performed his/her function only during a part of this period, he/she shall be entitled to a proportionate part of the reward. Should his/her function be terminated by recalling during a given period of time, the body, which has recalled him/her may decide otherwise.
2.4 In the event of a temporary inability to perform the function due to illness or long-term absence, the Audit Committee Member shall be entitled to a reward for a given period of time, if he/she submits his/her written opinion on the discussed items to the chairman of the audit committee until the instant of discussion thereof, at the latest, unless the audit committee decides otherwise. In the event of a temporary inability to perform the function, the audit committee shall decide on recognition of the reward. Long-term absence means non-participation and non-submission of a written opinion during two sequential months, at the minimum.
REWARD. 1The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance;
REWARD. The Reward will vary by campaign. The active campaign for a Referrer is shown on their personal refer a friend dashboard page.
REWARD. Each of the following conditions shall apply in respect of the Reward:
3.8.1. Reward shall be handed over only to you. Rewards are non-assignable/ non-transferable under any circumstances whatsoever.
3.8.2. BYJU’S will have no liability whatsoever in the event the registered e-mail and contact number details are: (i) non-functional, or (ii) functional, but inaccurate, in which case the communication/ intimation of winners (under paragraph 3.7) may be received by a person other than you. Additionally, in the event BYJU’S is unable to reach you on the contact number provided after three attempts, then you will forfeit the Reward.
3.8.3. Reward cannot be exchanged for cash.
3.8.4. The specifications of the Rewards shall be determined by BYJU’S in its sole discretion.
3.8.5. Rewards shall be awarded “AS IS” and “WITHOUT WARRANTY OF ANY KIND”, express or implied, including, without limitation, any implied warranty of quality, merchantability or fitness for a particular purpose from BYJU’S. It being further clarified that ▇▇▇▇’S shall not be responsible in any manner whatsoever for any untoward event (including death or bodily injury) caused by the Reward.
3.8.6. If Reward cannot be made available to the winners of the Challenge due to restriction imposed by applicable law or for any other reasons, then in such an event BYJU’S may, at its sole discretion, not award any of the Rewards.
REWARD. An employee who does not use any sick leave for any period of six (6) months shall be entitled to convert one (1) sick leave day to vacation leave. This benefit can not be taken in cash. This day of annual leave is to be taken no later than the fiscal year following the conversion.
REWARD. 1. The Mandator commits to pay the reward in the amount of 17,460.48 euros (in words: seventeen thousand four hundred and sixty euros and forty- eight cents) to the Mandatary for proper and timely fulfilment of the Mandate according to Article 1
(1) of this Contract.
2. If the Contract is terminated in any one of the ways according to Article 5(2) of this Contract, the Mandatary is entitled to an aliquot part of the reward, the amount of which is determined by the Mandator.
3. If the Mandatary fails to fulfil any of the activities of the Mandate according to Article 1
(1) of this Contract properly and within the schedule according to Article 1
(2) of this Contract, the Mandator is authorised to reduce the reward of the Mandatary. The amount of the aliquot part of the reward according to this paragraph of the Contract is determined by the Mandator.
4. The Contracting Parties agree that the reward is due by 31 January 2023.
5. The payment of the reward will be made by the Mandator via a transfer to the bank account of the Mandatary stated in the header of this Contract.
6. The Contracting Parties agree that the Mandatary shall bear any costs incurred by them while performing the Mandate under this Contract.
REWARD. 11.1 The evaluation of the Employee’s performance will form the basis for rewarding outstanding performance or correcting unacceptable performance;
11.2 The payment of the performance bonus is determined by the performance score obtained during the year-end performance assessment
11.3 The performance bonus will be awarded pro-rata according to the period of this agreement based on the following: Performance Rating Bonus 0%-64% 0% of Total Package 65%-66% 5% of Total Package 67%-68% 6% of Total Package 69%-70% 7% of Total Package 71%-72% 8% of Total Package 73%-74% 9% of Total Package 75%-76% 10% of Total Package 77%-78% 11% of Total Package 79%-80% 12% of Total Package 81%-82% 13% of Total Package 83%-100% 14% of Total Package
11.4 In the event of the Employee terminating his services during the validity period of this Agreement, but only after three months after the start of this agreement inception date, the Employee’s performance will be evaluated for the period during which he was employed and he will be entitled to a pro-rata performance bonus based on his evaluated performance for the period of actual service; and
11.5 The Employer will submit the total score of the annual assessment and of the Employee, to full Council for purposes of recommending the bonus allocation.