Operator Incentive definition

Operator Incentive means (*), as adjusted annually using the Escalation Factor.
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Examples of Operator Incentive in a sentence

  • The Operator Incentive component of the Default Budget shall be the same as the Operator Incentive component of the Operating Plan & Budget for the immediately preceding year.

  • Similarly, to qualify to receive Certified Arborist Incentive Pay, Heavy Equipment Operator Incentive Pay, Class A Driver Incentive Pay, or Bilingual Incentive Pay, an Employee must be utilizing the applicable certification.

  • As long as there is any Owner Additional Development Cost (as defined within Exhibit B of this Agreement) outstanding, then the Operator Incentive Fee will be reduced from 25% to 20%; the 5% reduction in the Operator Incentive Fee will be applied to repay the then outstanding Owner Additional Development Cost without interest.

  • Employees are required to successfully complete all require- ments of the Operator Incentive Program.

  • The Parties recognize that an employee, for a variety of rea- sons, may not be able to fulfill all the requirements outlined in the Operator Incentive Program within the prescribed time limits.

  • Once the entire then outstanding Owner Additional Development Cost is repaid, the Operator Incentive Fee will be increased to 25% of Net Operating Income.

  • This shall not however, supersede the preferential seniority of the Union Officials as outlined in Article Pressroom Press Operator Automatics Autos/Set-up Operator Secondary Operator, Incentive Welder, Welder Repair The existence of present or additional future classifications within the departments will not be construed to mean those classification are limited to any individual department.

  • In any promotions, other than to Supervisory positions, the Operator Incentive Program will govern the selection of employees for vacancies.

  • Tiller Operator Incentive: The City will pay as incentive compensation one dollar ($1.00) per hour for any qualified Firefighter assigned to the tiller operator position only.

  • The Operator Incentive Programme for Plant will be separate from Plant and will read as attached.

Related to Operator Incentive

  • Tax Incentive has the meaning set forth in Section 3.13(g).

  • 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.

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

  • 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 Management Fee shall have the meaning set forth in Section 9.2(e) hereof.