Incentive Earnings definition

Incentive Earnings means the excess of Net Income for any year over the greater of (a) an amount equal to 12% of Average Net Capital or b) an amount equal to $.1875 multiplied by the average number of shares of the Corporation's Common Stock outstanding at the close of business on each day of the year assuming full conversion of the Corporation's Preferred Stock. The amount of Incentive Earnings shall be reported to the Committee by the Corporation's Treasurer as promptly after the close of the year as is practical; provided, however, that such Incentive Earning's and awards based thereon shall be adjusted downward, if necessary, to reflect the net income for the year certified by the Corporation's independent public accountants as adjusted as provided in II (5) above. In the event of stock split, stock dividend or other relevant change in the Corporation's capitalization, the Committee shall, subject to the approval of the Board of Directors, appropriately adjust such $.1875 per share of the Corporation's Common Stock.
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Examples of Incentive Earnings in a sentence

  • Table 1 – 2019 PY Statewide Earnings Rates÷Lifecycle SavingsEarningsBudgetElectric Savings$2,122Peak Demand Savings (MW)Gas Savings$5,296$17,657 2019 PY ESPI Incentive Earnings Caps The 2019 PY ESPI Award Caps are provided in Table 2, as calculated in the template presented in Attachment A.

  • Rehabilitation Incentive Earnings received from an approved rehabilitation plan or program are not used to reduce you monthly LTD benefit unless those earnings, together with your income from this plan and the income used to reduce your LTD benefit under the amount payable section, would exceed 100% of your pre- disability monthly earnings.

  • Each incentive payment should be submitted on a properly completed University Faculty Incentive Earnings form [PITT 2236R – revised May 2003].

  • We calculate these incentive earnings rates by solving for the coefficient (i.e., earnings per unit of resource savings) that correlates incentive earnings with EE lifecycle goals based on the following formula:(Total incentive earnings potential) divided by:(Lifecycle units of resource savings)= Incentive Earnings Per Unit of Savings The per-unit earnings coefficient correlates incentive earnings with corresponding EE lifecycle savings goals and 2013-2014 program budget levels.

  • Table 3 - 2015 PY+2 Ex-Ante Savings Incentive Earnings AdjustmentSource*Values in these rows excerpted directly from Ex-Post Performance Report Table 4 and Table 5; The total award for Resolution E-4807 shown in this table and the Report is correct, though the rounded individual components of the award as shown in the Report table (and included in this table) sums to a value of one dollar less than the actual award.

  • Table 3 - 2014 PY+1Ex-Ante Savings Incentive Earnings Adjustment*Estimate source kWh Earnings kW Earnings Therms Earnings TotalResolution G-3510*All numerical values excerpted directly from Ex Post Performance Report Table 4 and Table 5; formatting changes we performed to adapt the Report table data to this Advice Letter.

  • Box and Whisker Plot: Variation in ProComp Incentive Earnings per Teacher, Across Study Years When we considered whether or not these annual incentive totals were attributable to one- time bonuses or base-building incentives, we found that one-time bonuses showed a similar marked increase in their average between the 2007-08 school year and the 2008-09 school year (Figure 11).

  • Box and Whisker Plot: Variation in ProComp Base-Building Incentive Earnings per Teacher, Across Study Years We also sought to simply characterize the average size of the fluctuation in incentive pay each teacher experienced during the study years.

  • All the appendices, comments, and responses to comments, on the 1st Verification Report are included in this 2nd Verification Report for context and easy reference.1.2. Incentive Earnings CalculationThe RRIM earnings accrue if the utility meets or exceeds the Minimum Performance Standard (MPS), a threshold of 85% of the Commission’s savings goals (80% for SoCalGas).

  • Motion made by Mr. Imdieke, seconded by Mr. Nissen to approve the County Incentive Earnings for House Support Payment Recovery of Benefits Proposal … was on vote unanimously adopted.

Related to Incentive Earnings

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • 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.

  • 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);

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Core Earnings means the net income (loss), computed in accordance with GAAP, excluding (i) non-cash equity compensation expense, (ii) the Incentive Compensation, (iii) acquisition fees, (iv) financing fees, (v) depreciation and amortization, (vi) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, and (vii) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between the Manager and the Independent Directors and approved by a majority of the Independent Directors.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • 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).

  • 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.

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

  • 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).

  • 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).

  • 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.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Annual Compensation means an amount equal to the greater of:

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

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

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

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

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

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

  • 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.