Incentive definition

Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

Incentive means a payment due to the Supplier, in accordance with the provisions of this Agreement, for any delivery, performance or outcome, as the case may be, which is better than the standards specified in respect thereof;

Incentive means any consideration provided by the Company, including buy downs, markdowns,rebates, bill credits, payments to third parties, direct installation, giveaways, and education, which encourages the adoption of program measures.

Examples of Incentive in a sentence

• The Contractor’s staff that are subject to the Training Performance Incentive Standard requirement is described in section 4.4.1.1.

• This allocation will reflect the maximum the Contractor can earn for each Performance Incentive Standard per Reporting Period.

• Prior to each calendar year beginning with 2004, the Compensation Committee of the Board of Directors (“BOD”) will establish a performance incentive formula (the “Annual Incentive Formula”) that will provide a “Threshold” or minimum incentive payment, a “Target” or average incentive payment and a “Maximum” incentive payment for senior management, other management, pilots and other employees.

• Upon the signing of this Agreement, the Commission enjoins to give a CNA Incentive amounting to but not less than One Hundred Thousand Pesos (P100, 000) in recognition of the joint effort of both the management and the rank and file to attain effective and efficient accomplishments of performance targets at a lesser cost through cost-cutting measures and systems of improvement.

• In special recognition of longevity and extraordinary services provided to the Matanuska Susitna Borough School District by selected employees, there is hereby established a Retirement Incentive Program.

More Definitions of Incentive

Incentive means a court-ordered reduction in the terms or

Incentive means a court-ordered reduction in the terms or conditions of a community sentence which is given for exceptional performance or progress by the offender;

Incentive means a financial or other advantage;

Incentive means an Award under the Plan as defined by Section 2.2 of Article 2.

Incentive means any reimbursable or non-reimbursable credit enhancement or other grants of funds by or through the city to a PACE lender in connection with a PACE loan.

Incentive means one of the following given to a student or to the student's parent or guardian by an LEA or by a third party provider as a condition of the student's enrollment in an LEA or specific program for any length of time, during any school year:

Incentive means anything of value offered as an inducement directly or indirectly towards the purchase of a vehicle, including but not limited to, discounts, savings claims, and other dealer programs, but not including factory rebates.