STIC Clause Samples
STIC. Incentive compensation, payable solely at the discretion of the Board of Directors of the Company, pursuant to the Company’s existing Incentive Compensation Program or any other program as the Company may establish in its sole discretion and Executive’s incentive compensation for the 2006 fiscal year under the existing Incentive Compensation Program shall be calculated based on a full year’s performance rather than a pro rata share of that performance.
STIC. STIC will provide for design implementation, development, quality assurance, and sales support and maintenance sufficient qualified employees on a full-time basis. STIC will dedicate to this development project 46 headcounts. At the end of staffing 2 employees will be dedicated to customer projects and 44 employees will be dedicated to core development and testing, or such other combination as Unisphere may determine from time to time. Headcounts for customer documentation are not included above and will be negotiated in a project-by-project basis. In the event that Unisphere directs reductions in scheduled headcounts, Unisphere will reimburse STIC for actual, reasonable costs resulting from such changes to the extent that STIC cannot reasonably absorb the extra personnel. SIEMENS Telecom Innovation Centre Page 17 of 24 May 9, 2000 37 Unisphere Management Center (UMC) Project - Development Project Agreement DPA (001) ATTACHMENT D CAPITAL EQUIPMENT AND DEVELOPMENT PROJECT EXPENSES
STIC. STIC is the economic promotion agency of the district Märkisch-Oderland in the ▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇▇▇▇ area (Germany). Its main activities are to strengthen the regional economy, to ▇▇▇▇▇▇ entrepreneurship and to improve the services and performances of activities by its incubator. More than 2.800 businesses has been supporting since 2004 thanks to the projects “young companies”, “pilot service for New Entrepreneurs” and “Green Companies”. All projects are funded by the “European Social Fund” (ESF). They provide advice to young people and start-ups in the sustainable and environment sector. Furthermore, STIC is a contact point of the European programme “Erasmus for Young Entrepreneurs” for ▇▇▇▇▇▇ -▇▇▇▇▇▇▇▇▇▇▇, encouraging German start-ups to extend their business activities to the European Single Market.