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.

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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

• Executive shall be entitled to participate in any Company Equity Incentive Plan (the “Stock Plan”) that provides for the issuance of stock options to employees of the Company, to the extent determined by the Board of the Company.

• During the Term of Employment, the Executive shall be eligible to receive an annual bonus paid under the Company’s existing incentive bonus plan under which the Executive is eligible (which is currently the Incentive Compensation Plan) or any replacement plan that may subsequently be established and in effect during the Term of Employment.

• The Initial Equity Award will be subject to the terms of the Company’s Amended and Restated 2023 Equity Incentive Plan (as amended from time to time, the “Plan”) and one or more grant agreements to be entered between Executive and the Company.

• The Executive hereby understands and agrees that (i) if the Executive is an “Affected Officer”, as defined in the Company’s Policy for Recovery of Erroneously Awarded Incentive Compensation, adopted November 15, 2023 (“Recovery Policy”), the Executive shall be subject to the Recovery Policy in addition to the Company’s recoupment policy (“Recoupment Policy”) and (ii) if the Executive is not an Affected Officer, the Executive shall be subject to the Company’s Recoupment Policy.

• To the extent that the bonus payment provisions (i.e., post-termination bonus payments) provided in this Agreement differ from the provisions of the Company’s incentive bonus plans (currently the Incentive Compensation Plan) or any replacement plans, such bonus payments shall be paid pursuant to the provisions of this Agreement except to the extent expressly prohibited by law.

More Definitions of Incentive

Incentive means a court-ordered reduction in the terms or

Incentive means a financial or other advantage;

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 cash contribution to the Incubatee paid by the Incubator out which 50% is nominally provided by the European Space Agency (“ESA”) and 50% by a local co-funding partner. There shall be no requirement for the Incubatee to pay back the received incentive to the Incubator as long as corresponding expenses are eligible. The Agency’s part of the incentive is considered as payment for procurement according to the conditions set out in this Contract.

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

Incentive. : The term Incentive means any incentive under the Plan described in Section 6.