PERFORMANCE PREMIUM definition
Examples of PERFORMANCE PREMIUM in a sentence
Schedule 3 REVENUE PERFORMANCE PREMIUM....................................................
PERFORMANCE PREMIUM Completion of 3 Yrs 5 Yrs 10 Yrs 15 Yrs 20 Yrs 25 Yrs Performance 0.5% 1.5% 3.5% 4.5% 5.5% 6.0% AA/AS Degree 1.5% 2.5% 4.0% 5.0% 6.0% 6.5% BA/BS Degree 3.5% 4.5% 6.0% 6.5% 7.0% 7.5% Example: A 10-year corrections officer with an AA Degree receives 4.0% performance premium; without an AA Degree, the deputy receives 3.5%; with a BA Degree, the deputy receives 6.0%.
MACDERMID covenants and agrees that until all obligations (including payment dividend and redemption) of MACDERMID and MACDERMID DELAWARE under or relating to the PERFORMANCE PREMIUM and the MACDERMID PREFERRED STOCK have been fully satisfied and extinguished the above named PERSONS shall own in the aggregate at least Twenty-Five Percent (25%) of the voting securities of MACDERMID.
The NIAT limitation-portion carryover payment process shall continue year after year until the entire $15 million PERFORMANCE PREMIUM has been paid in full.