Annual Incentive Payment(s) definition

Annual Incentive Payment(s) means the quarterly Sales Tax Rebate and Real Property Tax Rebate for the four calendar quarters in each of the three (3) full Calendar Years that follow the first Sales Tax Rebate Payment.
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Annual Incentive Payment(s) means the five (5) annual payments to be made by the County to the Company by March 1st of each year beginning in year 2014 through 2018. Such payments are calculated pursuant to Article IV below.
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Examples of Annual Incentive Payment(s) in a sentence

  • In the event of any termination of Executive’s employment, for any reason, Executive shall be entitled to payment of any fully or partially vested Annual Incentive Payments, which shall be paid to Executive no later than March 15th of the year following the year to which Executive’s termination of employment occurs.

  • Except as otherwise provided in this Agreement, the Annual Incentive Payments shall consist of one (1) annual payment dispersed from the MSGSA to the Participant on or before the November 1 immediately following each Year during the Term for the Repurposed portion of the Property during the preceding Year.

  • The Company agrees and acknowledges that the Annual Incentive Payments provided for in subsection 2(c) are being made by the City to the Company in consideration for the Company’s agreement to lease a facility to relocate and expand an office and its associated operations and workforce, and to create jobs and employment opportunities, all within the City.

  • The Company agrees and acknowledges that the Annual Incentive Payments and the Bonus Annual Incentive Payments provided for in subsection 2(c) are being made by the City to the Company in consideration for the Company’s agreement to lease or purchase the Facility and retain and expand its non-clinical associated operations and workforce, and to retain existing and create new jobs and employment opportunities, all within the City.

  • The Company agrees and acknowledges that the Annual Incentive Payments and the Bonus Annual Incentive Payments provided for in subsection 2(b) are being made by the City to the Company in consideration for the Company’s agreement to execute the Lease Agreement and lease a facility to locate an office and its associated operations and workforce, and to create jobs and employment opportunities, all within the City.

  • The Company further agrees that if the Target Withholdings requirement is not met for any given calendar year as set forth in subsection 2(c)(vi), the City shall not be obligated to make an Annual Incentive Payment or Bonus Annual Incentive Payments (as the case may be) to the Company for the calendar year in respect of which the Target Withholdings requirement was not satisfied.

  • Any Annual Incentive Payments payable hereunder may be paid in the form of cash, equity-based awards or a combination thereof, as determined by the Compensation Committee in its sole discretion.

  • Failure to satisfy the Target Withholdings requirement in respect of any one calendar year does not prohibit the Company from receiving an Annual Incentive Payment or Bonus Annual Incentive Payments (as the case may be) for any subsequent calendar year in respect of which the Target Withholdings requirement is satisfied.

  • The Company agrees and acknowledges that the Annual Incentive Payments provided for in subsection 2(c) are being made by the City to the Company in consideration for the Company’s agreement to lease the Facility to retain and expand an office and its associated operations and workforce, and to retain existing and create new jobs and employment opportunities, all within the City.

  • If Executive remains employed by the Bank on December 31, 2018, Executive shall be entitled to an Incentive Payment as described above in section 5(c) which shall be paid in 2019 at such time as the Annual Incentive Payments are made to all Bank employees.