Incentive Tier definition

Incentive Tier means the tier in which the Compensation Committee of the Board of Directors places an Employee for purposes of this Plan, as described in Schedule A.

Examples of Incentive Tier in a sentence

  • Incentive Tier = per watts saved TOTAL INCENTIVE:$0.00 Total incentive may be subject to a maximum incentive cap of 50% better than the required MA Code LPD requirements.

  • The detailed information on performance variances and responses to Member questions was provided in the e-Members Room in support of this activity.

  • Id. ¶ 34.In total, Defendants calculated an appraiser’s incentive pay using the “total incentive” formula:Total Incentive = Eligible Billings x Incentive Tier x OnTime Modifier.

  • Plaintiffs allege that the ET will decrease in proportion to an increase in overtime hours reported because overtime is included in the denominator of the ET formula while the numerator (billings) does not necessarily increase, and that when the ET decreases, the Incentive Tier (percentage from the chart above) also decreases, effectively decreasing the Total Incentive Payment.

  • Id. Next, Defendants determine an appraiser’s Efficiency Tier (“ET”) to find the relative Incentive Tier, which is another factor used to determine the incentive pay; as shown in the Total Incentive formula above.

  • Plaintiffs allege that number (ET) is then used to find the Incentive Tier Percentage from the chart pictured below.

  • While Plaintiffs do not explain fully the modifier, based on the example provided, the modifier is the “wrapper” percentage determined from the table below, and then added to 100%, and used as a factor in the total incentive formula (Eligible Billings x Incentive Tier x OnTime Modifier).

  • Proxy Table to Assess Effect of Creating an Incentive Tier for the Urbanized Area Formula Program as Proposed in Bush Administration SAFETEA Bill, Total and Percentage Change in Annual Passenger Miles, 1997–2001 76 H.1b.

  • Figure 3.6-1: New Homes Construction - Per-Home and Total Energy Savings by Incentive Tier and % Improvement over IECC 2009 Figure 3.6-1 shows the energy savings obtained from homes according to the extent to which they exceeded IECC 2009, and the total savings the programs derived from homes for each group.

  • In the event the Withdrawing County achieved a more advantageous Incentive Tier Ranking through its affiliation with the non-withdrawing County, it shall lose the more advantageous Incentive Tier Ranking as applied to Sites located within its boundaries.

Related to Incentive Tier

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

  • 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.

  • 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.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • 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.

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • 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 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 Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • 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);

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • 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.

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

  • Incentive agreement means the contract between the business

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • 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.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;