Incentive Account definition

Incentive Account means the account credited with the number of Incentive Units equal to the number of ’shares of restricted stock or performance stock awarded to a Participant under an Incentive Plan and deferred by such Participant hereunder.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Incentive Account means the bookkeeping account described in Section 6.1(f).

Incentive Account means the notional account maintained for each Participant to whom Awards have been granted and credited as provided in Section 2.3 of this Plan.

Examples of Incentive Account in a sentence

• If you are an eligible account as determined by Blue Cross and Blue Shield, at an additional cost, you may choose to have Blue Cross and Blue Shield provide certain services in connection with a health reimbursement arrangement (HRA), medical flexible spending account (HC-FSA), dependent care flexible spending account (DC-FSA), Health Incentive Account (HIA), and/or health savings account (HSA), collectively referred to as Account-Based Offerings.

• The Units and any Shares issued upon conversion of the Units (or any Incentive Units credited to the Participant’s Incentive Account under the Deferred Compensation Plan in respect of the Units) shall be subject to any compensation recoupment policy of the Company that is applicable by its terms to the Participant and to awards of this type.

• The Incentive Account will be payable to the individual employee upon leaving employment with the school district.

• On July 1 of each fiscal year, there shall be seven (7) days placed in an Incentive Account for each exempt employee.

• Notwithstanding anything to the contrary herein, in no event shall any funds in the Incentive Account constitute Available Cash or, to the extent permitted by applicable Law, be otherwise available to satisfy Company obligations unless otherwise agreed to by the Intel Member.

• The Incentive Account shall be funded with any Economic Incentives (which shall be treated in accordance with Section 14.4) received by the Company in cash.

• In the event the Employee's employment is terminated for Cause pursuant to Section 4.b, the Employee shall forfeit all amounts remaining in his Incentive Account as of the date of termination.

• Each amount allocated to Project Manager's Incentive Account pursuant to Section 5.2 shall constitute a credit to that account and each amount distributed on account of Project Manager's Incentive Account pursuant to Section 5.2 shall constitute a debit to that account.

• The provisions of Sections 6 and 7, and any rights of the Employee with respect to compensation or benefits, including the Employee's Incentive Account, as herein provided, shall survive the termination of this Agreement.

• The Incentive Account shall be funded with any Economic Incentives received by the Company in cash.

More Definitions of Incentive Account

Incentive Account means an account established and maintained by the President pursuant to Plan Section 4.2 to record a portion of the revenue attributable to a particular group of Incentive Interests under the Plan.

Incentive Account means the account credited with (1) the number of Incentive Units equal to the number of shares of restricted stock or performance stock awarded to a Participant under an Incentive Plan and deferred by such Participant hereunder and (2) the Dividend Equivalent Units on such Incentive Units as determined under Section 4.3.

Incentive Account means the same as that term is defined in Section 11-58-208.

Incentive Account is defined in Section 2.1(b).

Incentive Account. When an employee reaches a maximum of 70 sick leave days in their account, any sick days that are earned and not used above the maximum of 70 days, the district will recognize those unused days in this manner: Fifty percent (50%) of any days not used in a given school year will be put into an incentive account which will be payable to the individual upon leaving employment from the school district at their current hourly rate at that time of employment. The days accrued will be converted to hours each year so when the employee leaves district employment, that number of hours will be paid at their currently hourly rate directly into the employee’s MSRS Post- Retirement Health Care Savings Plan account. The School District’s contribution(s) into the employee’s MSRS account will be made within 60 calendar days after the employee’s effective date of termination of employment.

Incentive Account is defined in Section 4.1(d).