Base Incentive Payment definition

Base Incentive Payment means the payment made by a participating Payer as a result of the Participant meeting or exceeding the defined benchmark on the Initiative identified Performance Incentive Program measures for which the participant is eligible.
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Examples of Base Incentive Payment in a sentence

  • Base Incentive Payment: Participants will receive a base incentive payment when their performance is at or above the initiative defined benchmarks (see Appendix D) for the measures for which they are eligible.

  • No sooner than 9-months after the First Date of Operations, the Company may invoice the City for the 1st semi-annual Base Incentive Payment for payment year 1 as outlined in Exhibit C, “City Incentive Payment Schedule.” The Company may invoice the City for the 2nd semi-annual Base Incentive Payment for payment year 1 no sooner than 15 months after the First Date of Operations and only after the Company has paid the City the Guaranteed Revenue Gap Payment for payment year 1, if required.

  • The Base Incentive Payment will be adjusted either up or down by adjusting the Base Incentive Payment Percentage in an amount equal to the percentage change in the average closing price of the Company's stock for the last four months of the applicable fiscal year as compared to the same period in the prior fiscal year; provided, however, that in no event shall the Base Incentive Payment Percentage adjusted lower than 3% or higher than 6%.

  • Similarly, Eligible Recipient and Supplier may agree to establish a target for one or more metrics that is more aggressive than Historical Performance without a corresponding increase in the Base Incentive Payment in situations where Eligible Recipient and Supplier mutually agree that Historical Performance is not at a level that reflects acceptable revenue cycle performance.

  • The Base Incentive Payment will be adjusted either up or down by adjusting the Base Incentive Payment Percentage in an amount equal to the percentage change in the average closing price of the Corporations's stock for the last four months of the applicable fiscal year as compared to the same period in the prior fiscal year; provided, however, that in no event shall the Base Incentive Payment Percentage be adjusted lower than 3% or higher than 6%.

  • For the Corporations' fiscal year ending May 31, 1998, the Base Incentive Payment shall be pro-rated to cover the portion of the fiscal year ▇▇.

  • The timing of the payment of the Base Incentive Payment shall be the same as similar payments made to other employees of the Corporations.