Bonus Scheme definition

Bonus Scheme or “Crop Bonus” means an amount in the nature of a contingency policy, as defined by clause 1.9 above, which will be reserved for the client, at the sole discretion of the facilitator, and which will only accrue to the client upon the successful and full repayment of all amounts due in terms of this MFA and any Premium Finance Agreement for a period of three (3) consecutive years. If the client does not fully fulfil his/her/its repayment responsibilities in terms of this MFA or any Premium Finance Agreement the performance incentive will cease and not accrue to the client. Furthermore, in the event that the client does not make use of the services in terms of this MFA or Premium Finance Agreement for a consecutive period of three (3) years the client will only be entitled to fifty percent (50%) of the performance incentive calculated by the facilitator for each year that his/her/its repayment responsibilities were fulfilled.
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Bonus Scheme means any bonus scheme conducted by the Group from time to time in which Executives may participate from time to time, excluding any scheme established in terms of schedule 14 to the JSE Listings Requirements;
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Bonus Scheme means the annual bonus arrangements operated by Sirius; “Court Sanction” means the Court sanctioning the Scheme;
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Examples of Bonus Scheme in a sentence

  • The level of NDR debt has reduced in recent years, reflecting the introduction of the Small Business Bonus Scheme which many businesses in the islands benefit from.

  • Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the Bonus Scheme.

  • The New Homes Bonus Scheme provides for money to be paid to the Council when new homes are built within the district.

  • The New Homes Bonus Scheme is designed to provide incentives and rewards for Local Authorities who wish to build new homes in their areas.

  • It is a payment that may be made to the surviving partner of a deceased member of the Pension Bonus Scheme who did not claim their bonus before death.

  • All Eligible Clients are permitted to hold only one (1) Bonus Scheme Account per one (1) unique IP address.

  • Without limiting the foregoing, participation in the Bonus Scheme is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence ("minors").

  • MOD employees and Service personnel are rewarded through their normal pay and allowances, Special Bonus Scheme (for Civilians) and the Minor Award Scheme.

  • The Company, at its absolute discretion, offers the Bonus Scheme to any Client(s) as it deems appropriate and for as long as the Company deems to provide it.

  • Any profits generated from the utilization of the Bonus Scheme is withdrawable.


More Definitions of Bonus Scheme

Bonus Scheme has the meaning given in Section 7.1;
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Bonus Scheme means the retention bonus offered to certain employees of Group Companies in connection with the transaction contemplated by this Agreement;
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Bonus Scheme means the Xxxxxxxx Insurance Group cash incentive plan as amended from time to time;
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Bonus Scheme means the Company’s discretionary corporate bonus scheme. Contract means this service agreement between the Company and the Employee.
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Bonus Scheme means the intu Properties PLC Bonus Scheme;
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Bonus Scheme means the bonus scheme defined in clause 11 of the Letter of Intent dated 8 January 2002.
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Related to Bonus Scheme

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • AIP means the Nucor Corporation Senior Officers Annual Incentive Plan and any successor plan.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Bonus means the bonus described in the Section 2.3.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • DSU Plan means the Deferred Share Unit Plan of the Corporation.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

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

  • RSU Plan means the restricted share unit plan for senior officers, employees and consultants adopted in November of 2008 by Jaguar, as amended from time to time;

  • EIP means the Company’s 2006 Equity and Incentive Plan, as amended from time to time, or any successor plan.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

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

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders of the Issuer immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Issuer; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement; (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Issuer; (iv) all Subsidiaries of the Issuer immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Issuer) are Subsidiaries of the Issuer (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Issuer (or Newco) holds, directly or indirectly, the same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by the Issuer immediately prior to the Scheme of Arrangement;

  • the Scheme means the Local Government Pension Scheme in

  • 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.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Scheme Year means a period of one year beginning with 1st April and ending with 31st March;

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • 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.

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.