Incentive Term definition

Incentive Term means (a) with respect to the Commercialization of -------------- the Products in the 7E Market Segment and the 7F Market Segment, the period commencing on the Effective Date and ending on December 31, 2003, subject to modification as provided in Sections 7.3, 7.4, 7.5 and 6.2.2 below, and (b) with respect to the Commercialization of the Products in the Syntroleum Market Segment, the period commencing on the Effective Date and ending on December 31, 2001.
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Incentive Term means: ----------------
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Incentive Term means the time period from January 1, 2022 to December 31, 2026.
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Examples of Incentive Term in a sentence

  • Participant further acknowledges that the Agency does not guarantee that Participant will receive a minimum dollar amount during the Incentive Term.

  • In 2009, this amounts to€2.87m (2007 and 2008 business-specific energy efficiency costs).2.5 Incentive Term The formula also includes an Incentive term.

  • Grantee shall provide written notice to the City following the issuance of the certificate of occupancy for the Project of the beginning of the Incentive Term, which must be effective on a January 1st.

  • Grantee or one of its Affiliates will own or lease the Project Site and will provide the City written confirmation of its ownership, or lease of at least fifteen (15) years (including any lease extensions or options), of the Project Site prior to the beginning of the Incentive Term.

  • Comparison of Minimum Incentives Over Time 5.1.3 Comparing Incentive TermsSimulations performed in SAM assumed a 15-year Incentive Term, in kind with the TREC incentive.

  • For each calendar year during the Incentive Term, the Grantee shall only receive a Job Incentive Payment (defined below) if the Grantee’s total employee payroll located at the Project Site and subject to City employee withholding taxes for that calendar year is at least $40,000,000 (the “Minimum Payroll”).

  • At NJBPU’s request, Cadmus modeled a 10-year Incentive Term for a sample of SAM Cases.

  • On or before March 15 of each year following a year of the Incentive Term (anticipated to be 2026-2040), the Grantee shall submit to the City the aggregate actual City payroll withholding taxes withheld during the preceding calendar year by the Grantee and its Affiliates from all Employees (the “Actual Withholdings”) for that preceding calendar year.

  • The first comprises years when the project receives the Successor Program incentive (Incentive Term, typically 15 years).

  • For each year prior to the end of the Incentive Term of the Job Creation Incentive Agreement, the Company shall submit to the City an annual report, in a form attached hereto as Exhibit D, which shall specify the Company’s progress towards achieving and maintaining the Brecksville Metric Commitments (the “Annual Report”).


More Definitions of Incentive Term

Incentive Term means the period commencing on the Incentive Start Date and ending on the fifth (5*^) year anniversary of such Incentive Start Date, unless terminated
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Related to Incentive Term

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

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

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • 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).

  • Employment Period has the meaning set forth in Section 2.01.

  • 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.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Term of Employment means the period specified in Section 2 below.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • 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);

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

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

  • Year of Employment means a period of service of 12 months.

  • 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.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Employment Term has the meaning specified in Section 2.

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Stated Termination Date means December 31, 2000.

  • 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.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.