Incentive Bonus Payment definition

Incentive Bonus Payment means an amount equal to $5,571,806.
Sample 1
Incentive Bonus Payment means an amount equal to $5,571,806. “Indemnification Cap” has the meaning set forth in Section 8.1(a)(ii)(G). “Indemnification Notice” has the meaning set forth in Section 8.2(a). “Indemnified Party” has the meaning set forth in Section 8.2(a). “Indemnifying Party” has the meaning set forth in Section 8.2(a). “IFRS Closing Balance Sheet” has the meaning set forth in Section 4.15. “Insurance License” has the meaning set forth in Section 3.1(n)(ii).
Sample 1

Examples of Incentive Bonus Payment in a sentence

  • Performance Incentive Bonus Payment: if, at the end of GROUP’s fiscal year, it is determined that GROUP has a Net Pre-Tax Profit for the year, Manager shall be entitled to a performance incentive bonus payment consistent with the fair market value of the services provided by Manager to Group (as determined on an annual basis by the Board of Directors of Manager), but no more than fifty percent (50%) of Net Pre-Tax Income in excess of eight percent (8%) of Net Pre-Tax Profits.

  • The following should be ensured:✓ Tender Booklet incorporates all the relevant clauses as per Rly Board’s extant letters regarding List of documents to accompany the tender, Eligibility criteria, Performance Bank Guarantee, EMD, Security Deposit, Stage Payments on supply of steel in works contract, Variation in Quantity of items PVC clause etc, Incentive Bonus Payment clause, application of Mobilization advance clause and interest rate thereon, Clauses regarding participation of Joint Venture Firms.

  • The Employee shall receive any Base Salary and Incentive Bonus Payment accrued on the date of termination and shall not be entitled to any Base Salary or Incentive Bonus Payments beyond the date of termination under this Subparagraph a of Paragraph 14, and any unvested stock options shall be subject to the terms and conditions of the Company's 1992 Stock Option Plan.

  • In the event that the gross revenues generated from the Company's Beverage Vending Machine Operations at the Campus (the "Revenues") during an Agreement Year exceeds the Targeted Revenue, then the Company shall pay to the University a Commission Incentive Bonus Payment within sixty (60) days of such Agreement Year equal to the Commissions paid for such Agreement Year for the Beverage Vending Machine Operations times the percentage for such Targeted Revenue.

  • The Incentive Bonus Payment for Cash Earnings Available for Common Shareholders per Fully Diluted Share levels falling between the low and the high range shall be computed on a straight-line basis.

  • Make development incentive payments as follows: Fifteen Thousand Five Hundred Eighty Six Dollars ($15,586) on or before January 15, 2014 (“Initial Development Incentive Bonus Payment”); and Fifteen Thousand Five Hundred Eighty Six Dollars ($15,586) in years 2015 through and including 2023, on the anniversary date of the Initial Development Incentive Bonus Payment.

  • The NKE noted that DOH should be at the forefront in promoting food safety matters because the Legislation mandates it (DOH) to undertake Food Control.

  • In the event that the gross revenues generated from the Company's Snack Vending Machine Operations at the Campus (the “Revenues”) during an Agreement Year exceeds the Targeted Revenue, then the Company shall pay to the University a Commission Incentive Bonus Payment within sixty (60) days of such Agreement Year equal to the Commissions paid for such Agreement Year for the Snack Vending Machine Operations times the percentage for such Targeted Revenue.

  • The Incentive Bonus Payment for Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for Common Shareholders per Fully Diluted Share levels falling between the low and the high range shall be computed on a straight-line basis.

  • Executive shall also be eligible to receive an additional payment of $500,000 (the "Incentive Bonus Payment") after the Status Date if, and only if, Syncor's Board of Directors makes a determination, based on the recommendation of the Chief Executive Officer, that Executive has acted in the best interest of Syncor from the effective date of this Agreement until the Status Date, which determination will be made within 15 days after the Status Date.

Related to Incentive Bonus Payment

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Bonus Payments means that portion of the bonus payments received by the

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Bonus means the bonus described in the Section 2.3.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • 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.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.