Special Incentive. Special incentive shall be granted for PMBJK opened by the Women entrepreneurs, Divyaang, SC, ST, Ex-Servicemen & any entrepreneurs open ‘Xxxxxxxxxxx Xxxxxx(PMBJK)’ at aspirational districts (backward district) as notified by the NITI Aayog& in Himalayan, Island territories and North- Eastern. An amount of Rs.
Special Incentive. 13.6.1 A current employee who recruits a successful lateral police or custody officer applicant, after ratification of the contract by the City and the Guild, will be paid five hundred dollars ($500) for each lateral police or custody officer hired. The determination as to who receives the money is not grievable.
Special Incentive. (1) An employee who will be 55 years of age and have at least ten (10) years of full- time service (or equivalent) by July 1, 2016 will be eligible to receive a special incentive. Employees who desire to take advantage of the special incentive must give an irrevocable notice to the President of the College by February 14, 2014. The voluntary separation from the College will occur no earlier than the end of the Spring 2014 semester and no later than July 1, 2016.
Special Incentive. Kraeutler shall also receive (i) a grant of 50,000 non-qualified stock options on the date of execution of this Agreement vesting on September 30, 2017 so long as he is employed on such date, and (ii) a grant of 50,000 non-qualified stock options on the date of execution of this Agreement vesting on September 30, 2018 so long as he is employed on such date (the "Special Incentive Plan Options") to be granted under the Stock Incentive Plan. The Special Incentive Plan Options shall have a three (3) year exercise right from the date of Kraeutler's termination of employment arising from Retirement (as defined in the Stock Incentive Plan), Death or Disability (as defined in Section 7.2 below).
Special Incentive. (a) In connection with the Company's employment of a new chief executive officer ("New CEO"), the Company will provide you with a special bonus opportunity in the amount of $150,000, payment of which will be dependent upon your performance through December 31, 1997 of personal objectives relating to the successful transition of such New CEO with the Company, such performance and such objectives to be determined by John X. Xxxxx, Xx., Xxairman of the Personnel Committee of the CT&T Board after consultation with the New CEO. Payment of such special bonus shall be made as promptly as practicable after December 31, 1997, and shall be not less than $75,000.
Special Incentive. Executive will be eligible to receive a one-time incentive for returning the Bank to "satisfactory" status with the Office of the Comptroller of the Currency, currently defined as an overall "2" rating, during the term of Executive's employment hereunder. The amount of this incentive payment will be $10,000 and will be paid to Executive within thirty (30) days after receipt of the final report from the regulators notifying Employer of the requisite change of status.
Special Incentive. Upon start date, Raven will provide $100k of restricted stock units to be fully vested after 3 years (1/3 vested annually on anniversary date).
Special Incentive. (a) Executive shall devote a portion of his time to manage all corporate development activities for the Company that may include discussions with prospective purchasers and/or investors that lead to any of the following events: (i) a sale of all, or part of the Company, (ii) a sale of all, or part of the Company’s assets, or (iii) an investment in the Company by an inside or outside shareholder. In the event that Executive’s involvement in any of the foregoing result in a completed transaction, Executive shall receive the following additional compensation: Transaction Type Transaction Originated by Executive Transaction Originated by Third Party Sale to Third Party of Company or Substantially All of Company’s Assets Executive receives greater of $500,000 or 2.5% of total consideration received in transaction Executive receives $250,000 and 2% of total amounts received in transaction in excess of $50,000,000 Sale to Existing Company Investor Executive receives $250,000 plus 2.5% of the total Company valuation in excess of $40,000,000 Executive receives $250,000 plus 5% of the total amounts received by GEI and Gxxxxxxx Trusts in excess of $22,500,000 Third Party Investment in Company Executive receives 2.5% of the total amount invested in Company Executive receives 2.5% of the total amount invested in Company The incentive payments in this Section 2.2 will apply only with respect to transactions that are completed during the Term or during the 12-month period following the end of the Term pursuant to a fully executed agreement entered during the Term, except that for transactions with third parties (other than with current investors in Company) that are originated by Executive during the Term, the incentive payments in this Section 2.3 will apply if the transaction is entered by Company during the Term or the 12-month period following the end of the Term. Executive shall receive the incentive payment on the closing date for any transaction referenced above.
Special Incentive. If a minimum purchase threshold of $1,500,000 is achieved in the first twelve (12) months of the agreement, an additional 1% rebate will be due and payable for the total purchases in said twelve (12) month period.
Special Incentive. In addition to the Base Salary provided for in Section 4.1 and the bonus opportunity provided for in Section 4.2, and for the period beginning on the Effective Date and ending on March 31, 2007 (the “performance period”), the Executive shall be entitled to receive a special incentive bonus (the “Special Incentive”) based on the achievement of objectives in accordance with Exhibit I to this Agreement. The amount of the Special Incentive payable to the Executive shall be determined and paid no later than ten days after the Company’s audited financial statements for the performance period are available to the Company. If the Term expires prior to March 31, 2007 on account of the Executive’s resignation with Good Reason or the Company’s exercise of the Notice Exception, then the Executive’s interest in the Special Incentive shall be vested with respect to a pro rata amount of the Special Incentive as determined by the Committee. If the Term expires prior to March 31, 2007 on account of the Executive’s resignation with Good Reason within twenty-four months after a Change in Control (as defined in Section 12.2) or on account of the Company’s exercise of the Notice Exception within twenty-four months after a Change in Control, then the Executive’s interest in the Special Incentive shall be vested with respect to a pro rata amount of the Special Incentive as determined by the Committee. The Executive shall be entitled to receive the Special Incentive, to the extent earned, if the Term expires on or after March 31, 2007.
