Incentive Compensation Layer (ICL) definition
Incentive Compensation Layer (ICL) means the amount of profit that is increased or decreased based on the outcome of the Project. The total increase or decrease is
Examples of Incentive Compensation Layer (ICL) in a sentence
After Validation, Base Target Cost and Incentive Compensation Layer (ICL) are set.
The Architect’s and Contractor’s compensation for the Project includes Allowable Costs specifically set forth in Exhibits H and I, and subject to the quantitative and qualitative success of the Project and achievement of the Project Objective, their respective percentage of the adjusted and available Incentive Compensation Layer (ICL).