Incentive Payout definition

Incentive Payout means the amounts payable, if any, to a participant in accordance with this Plan.
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Incentive Payout means the cash compensation set forth in Section 2.1.
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Examples of Incentive Payout in a sentence

  • In the event of termination upon established Disability the Company shall make payments as provided in Section 4.5 in place of (i) the Annual Bonus payment provided in Section 3.2 and (ii) the Long-Term Incentive Payout pursuant to Section 3.3.

  • With respect to the Long-Term Incentive Payout provided in Section 3.3 the Company shall make a separate determination of the Long-Term Incentive Payout based on the factors provided in Section 3.3 for the fiscal year in which death or Disability occurs.

  • To receive the Educational Incentive Payout as provided in Appendix “D” of this contract, the member must make the following available to Fire/City administration to show proof of their respective degree: Copy of diploma from accredited university or college Copy of transcripts from accredited university or college Copy of course descriptions for acquired degree from accredited university or college.

  • On the effective Date of Termination the Company shall make payments to and issue to Employee with respect to, and in place of (i) the Annual Bonus payment provided in Section 3.2 an amount in cash equal to 0.9 multiplied by Base Salary for the year in which employment is terminated and (ii) the Long Term Incentive Payout provided in Section 3.3 for the fiscal year in which employment is terminated under this Section.

  • This Agreement shall terminate upon the death of Employee; provided, however, the Company shall (i) continue Employee's Base Salary through the month in which death occurs and for the following three months and (ii) shall make payments as provided in Section 4.5 in place of (x) Annual Bonus payments provided in Section 3.2 and (y) the Long-Term Incentive Payout pursuant to Section 3.3.

  • Grants of Stock Options provided under this Section 3.3 are referred to herein as "Long-Term Incentive Payout".

  • If a member had been receiving the Educational Incentive Payout from the 2004-2007 contracts, his/her payout time of year will be the same under the 2007-2010 contract and its successors.

  • This Agreement shall terminate upon the death of Employee; provided, however, the Company shall (i) continue Employee’s Base Salary through the month in which death occurs and for the following three months and (ii) shall make payments as provided in Section 4.5 in place of (x) Annual Bonus payments provided in Section 3.2 and (y) the Long-Term Incentive Payout pursuant to Section 3.3.

  • This amount will be paid in February of each year (at the same time as Incentive Payout), commencing in 2015.

  • Full–time Supplementary employees with less than one (1) year of Permanent seniority as at December 31st shall have their Incentive Payout entitlement pro-rated as per Appendix E so long as they are not on probationary status at the time of payout.

Related to Incentive Payout

  • 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.

  • Incentive Payment means the payments made pursuant to Section VII.E.

  • 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).

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

  • 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.