COMPENSATION-INCENTIVE Sample Clauses

COMPENSATION-INCENTIVE. A portion of the compensation payable to members of the BPT by the employer of such members shall be linked to the achievement of lower costs and greater efficiencies in the product supply chain under this Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
COMPENSATION-INCENTIVE. The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of NEWCO divided by actual common shares of EMPLOYEEs public company parent issued and outstanding at December 3 of each year, and not fully diluted) as follows: 2 Profits Per Increase as a Common Share Percent of Base Compensatin $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $,50 40% $.51 - S.60 50% $.61 - S.70 70% $.71 - $.80 90% S.81 - $.90 110% S.91 - $1.00 130% over S.1.00 150% This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation will be made based upon the annual audit of EMPLOYERS financial statements and shall be paid in equal amounts for the balance of the then current- year on the regular paydays, commencing with the first payday following release of the audit. Any retroactive increase "I not affect the base compensation for subsequent calculations It is a separate adjustment from any other adjustment under any other plan.
Sample 1
COMPENSATION-INCENTIVE. Delete Section Section 30. Recruitment (New Section) The City and the POA recognize a shared interest in improving recruitment of police officers. In support of that shared interest, the parties will work together during the term of the contract to develop strategies to recruit both new and lateral officers.
Sample 1
COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to an additional increase, based upon performance as determined by the Board of Directors. This additional increase, if any should occur, is not a bonus but a merit adjustment to the base compensation.
Sample 1
COMPENSATION-INCENTIVE. (a) After the end of each calendar year, the Board of Directors of EMPLOYER shall determine the net income before federal and state income taxes of EMPLOYEE's SBU for such prior year. The calculation of such net income shall consolidate all revenue components of the SBU. The calculation of the costs and expenses of the SBU shall be (i) those costs and expenses over which EMPLOYEE has control, (ii) budgeted costs directly attributable to the SBU, and (iii) costs and expenses not under the control of EMPLOYER but which are components of gross margin. The SBU will not be charged overhead factors not directly related executive salaries and benefits, SEC/NASD than allocated accounting and professional SBU related items.
Sample 1
COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of EMPLOYER divided by actual common shares of EMPLOYER issued and outstanding at September 30 of each year, and not fully diluted), commencing with the fiscal year ended December 31, 2009, as follows: Profits* Per Increase as a Common Share Percent of Base Compensation $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $.50 40% $.51 - $.60 50% $.61 - $.70 70% $.71 - $.80 90% $.81 - $.90 110% $.91 - $1.00 130% over $1.00 150% * “Profits” means ordinary income and/or capital gains resulting from on-going business operations, including extraordinary gains or proceeds resulting from a sale (spin-off) of a subsidiary. This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation shall be made based upon the annual audit of EMPLOYER's financial statements for the fiscal year ended December 31 and shall be paid in equal monthly amounts on the first day of the next succeeding twelve (12) months commencing with the first day of the month following release of the audited financial statements. Any retroactive increase shall not affect the base compensation for subsequent calculations. It is a separate adjustment from any other adjustment under any other plan.
Sample 1

Related to COMPENSATION-INCENTIVE

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

Time is Money Join Law Insider Premium to draft better contracts faster.