Additional Incentive Compensation definition

Additional Incentive Compensation as defined in Section 3.2(b).
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Additional Incentive Compensation. ("Special Bonus") for achieving 110% of special bonus goal is $30,000 per year or $7,500 per quarter. Special Bonus goals will be pre-established quarterly to drive varying areas of focus and critical financial goals. Such Special Bonuses will be paid only when the Company overachieves plan goals. (E.g., such Special Bonuses could be paid upon making 110% or greater of quarterly goals such as for: operating income; professional services revenue; booking margins; or reduction in selling and general administrative costs.) All incentive goals are based on the current fiscal year financial plan, except for the goals for professional services. For fiscal year 2006, the goals for professional services shall be as follows: Quarter Monthly Average Q-1 2,415,000 805,000 Q-2 2,604,000 868,000 Q-3 2,839,017 946,339
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Additional Incentive Compensation. The Company recognizes Executive's area of responsibility as a strategically critical one for its future growth. Therefore, as additional incentive for Executive to remain in the employ of the Company during the Term and to use his best efforts to enhance the value of the Company during the Term, if Executive is in the employ of the Company on any December 31 occurring during the Term, then Executive shall receive as additional compensation a single lump-sum cash payment, as soon as reasonably practicable following any such December 31, equal to $385,616.85 following December 31, 1999, $360,738.34 following December 31, 2000, and $335,859.84 following December 31, 2001. Any amounts paid to Executive under this Section 3(d) shall not be included as "Compensation" for purposes of the Company's Retirement and Savings Plans.
Sample 1

Examples of Additional Incentive Compensation in a sentence

  • If the Executive terminates the Employment Period For Good Reason, the Employer will pay the Executive (i) his Salary for the remainder of the calendar month in which such termination is effective and for six months thereafter, and (ii) that portion of the Executive's Incentive Compensation or Additional Incentive Compensation, if any, for the Fiscal Year during which the termination is effective, prorated through the date of the event which gave rise to the cause of termination.

  • If the Employer terminates the Employment Period For Cause, the Executive will be entitled to receive his Salary only through the date of the event or failure which gave rise to such termination, but he will not be entitled to any Incentive Compensation or Additional Incentive Compensation for the Fiscal Year during which such termination occurs or any subsequent Fiscal Year.

  • If the Initial Employment Period or Renewal Employment Period (if any) is terminated because of the Executive's death, the Executive will be entitled to receive his Salary through the date of his death, and that part of the Incentive Compensation or Additional Incentive Compensation, if any, for the Fiscal Year during which his death occurs, prorated to the date on which his death occurs.

  • Nothing herein shall limit Immunomedics’ obligation to pay, and Xx. Xxxxxxxxxx’x or his estate’s right to receive, the Additional Incentive Compensation, Patent Lifetime Royalty Payments and Disposition Payments under Sections 4.2(a)(ii) and 4.2(b) of this Agreement, for the specified periods or throughout the Life of the Patents, as the case may be.

  • The Additional Incentive Compensation shall be paid at the closing of the acquisition or disposition of any such business operation.

  • The Additional Incentive Compensation will be paid at the closing of any such transaction.

  • The master copy of data must always be “write protected.” However, although control and security are important, they should not hinder legitimate access.Activity 3.5 Create procedures for quality control.

  • An evaluation was conducted after the first edition of the course to assess the satisfaction level of those who took it and the application of knowledge acquired.

  • The Additional Incentive Compensation discussed in Sections 4.2(a)(i) and 4.2(a)(ii) of this Agreement shall be in lieu of all other royalties and percentage payments to which Xx. Xxxxxxxxxx otherwise previously might have been entitled relative to Undeveloped Assets under the Amended Agreements or otherwise, including but not limited to payments pursuant to the License Agreement or on any other prior agreement between the parties.

  • In the event of a termination pursuant to this subsection 8(a)(i), the Executive shall be entitled to payment of his Base Compensation as computed through the Termination Date, and any unpaid Additional Incentive Compensation for periods ended prior to the Termination Date, and the benefits pursuant to Section 4(a) hereof up to the Termination Date.


More Definitions of Additional Incentive Compensation

Additional Incentive Compensation means the amount of any award granted to a Participant by the Plan Committee.
Sample 1
Additional Incentive Compensation. The Company recognizes Executive's area of responsibility as a strategically critical one for its future growth. Therefore, as additional incentive for Executive to remain in the employ of the Company during the Term and to use his best efforts to enhance the value of the Company during the Term, if Executive is in the employ of the Company on any December 31 occurring during the Term, then Executive shall receive as additional compensation a single lump_sum cash payment, as soon as reasonably practicable following any such December 31, if performance of the Executive's business unit (with such business unit to be defined by mutual agreement between the parties) during the entire calendar year ending on any such December 31 ("Measurement Period") satisfies one of the following:
Sample 1

Related to Additional Incentive Compensation

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Bonus means the bonus described in the Section 2.3.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Basic Compensation means Salary and Benefits.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Bonuses means current cash compensation over and above Base Salary whether awarded under the Company’s Incentive Compensation Plan or otherwise awarded.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Additional Compensation has the meaning given to it in Section 10.2;

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.