Payment of Incentive Compensation Sample Clauses

Payment of Incentive Compensation. (a) You have been granted a Performance Unit that provides for the payment of cash incentive compensation in accordance with the terms and conditions of this Section 2.

Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to subsections 3.1.1; 3.1.2; 3.1.3; 3.1.6; or 3.1.7 of Section 3.1 of this Agreement, Company shall, within 14 calendar days following the Separation Date, also pay to Employee, Employee’s spouse or Employee’s estate, as the case may be, any amounts due to Employee for unpaid and pro rata amounts to which Employee is entitled as of the Separation Date pursuant to Section 2.2 of this Agreement.

Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to subsections 3.1.1; 3.1.2; 3.1.3; 3.15 (with proper notice); 3.1.6; or 3.1.7 of Section 3.1 of this Agreement, Company shall, within 14 calendar days following the Separation Date or following the expiration of any revocation and/or rescission period in any applicable release of claims, whichever is later, also pay to Employee, Employee’s spouse or Employee’s estate, as the case may be, an amount equivalent to a pro rata portion of any payment under the Company’s Incentive Compensation Plan to which Employee would have been entitled pursuant to Section 2.2 of this Agreement and the Company’s policies had Employee remained employed through the end of the year in question, to be determined at the sole discretion of the Compensation Committee of the Board.

Payment of Incentive Compensation. Each of the incentive compensation amounts described in Section 5(a) which shall be payable for any calendar year during the Term shall be paid on July 1 of the immediately succeeding year, provided, that, except in the case of the termination of the Executive’s employment (i) as a result of the Company’s election not to renew this Agreement at the end of the Initial Term or any Renewal Term; or (ii) without cause pursuant to Section 11 hereof, the Executive shall be actively employed by the Company on the date of such payment.

Payment of Incentive Compensation. Manager’s right to receive Incentive Compensation shall be earned on a quarterly basis for each Performance Improvement Initiative; provided, however, that no Incentive Compensation shall be earned by, or due to, Manager during the initial ninety (90) days following the Effective Date of this Agreement (the “Initial 90-Days”). During the Initial 90-Days, Manager and HOSPITAL shall evaluate the Performance Benchmarks and validate the Incentive Compensation Pool as described above in this Schedule 1.3 with the mutual understanding that Incentive Compensation may be earned only during any quarter following the Initial 90-Days. SCHEDULE 1.4 LIST OF MEDICAL DIRECTOR POSITIONS, DUTIES AND HOURS Position Name of Medical Director Duties Maximum Hours per Month* Program Director [TO BE COMPLETED]  Schedule management  Credentialing  General overview of Service Line operations  Review daily care plans/strategies with nursing leadership and staff  Coordination of Performance Improvement Initiatives 19 Procedural Suite Leader [TO BE COMPLETED]  Procedural area physician schedules and associated staff support 15 Quality Leader [TO BE COMPLETED]  Review cases/reports/complications and/or unexpected deaths in the lab 9 * In addition to the hours above, any medical director or a combination of all medical directors shall provide an additional 6 to 12 hours per month meeting with community physicians regarding the Service Line capabilities and Performance Improvement Initiatives and/or developing educational and marketing materials describing the Service Line capabilities and Performance Improvement Initiatives, all of which shall be subject to HOSPITAL’s review and final approval. SCHEDULE 4.1

Payment of Incentive Compensation. Incentive Compensation shall be due and payable in cash after forty (40) days but not later than seventy-five (75) days after the end of the Plan Year.

Payment of Incentive Compensation. (a) Except as otherwise provided in (b) below, the Company will pay the Incentive Compensation to the Participant in a single lump payment within five (5) business days following the close of the Qualifying Transaction.

Payment of Incentive Compensation. In the event that Employee’s employment is terminated prior to the expiration of the Term pursuant to Sections 3.1.1; 3.1.2; 3.1.3; 3.1.6; or 3.1.7 of this Agreement, the Company shall, within 14 calendar days following the Separation Date, also pay to Employee or Employee’s serving spouse (or, if none, Employee’s estate) as the case may be, amounts to which Employee is entitled as of the Separation Date, as a pro rata portion of any unpaid cash incentive compensation determined under Section 2.2 for the calendar year in which the Separation Date occurs. That pro rated cash incentive compensation shall be based on the achievement of Employee’s objectives (also pro rated, to the extent possible) during the portion of the year before the Separation Date; and the pro rated amount shall be based on the number of days in that portion, as compared with the entire year.

Payment of Incentive Compensation. All Incentive Compensation earned for any year in excess of any applicable Bonus Draw shall be paid partly in cash and partly in restricted stock of FR, on the basis of 60% cash and 40% restricted stock. The restricted stock will vest over a three (3) year period following the date of issuance, on a level pro rata basis of 33-1/3% at the end of each of years one (1), two (2) and three (3) following issuance. Subject to the approval of the Compensation Committee, the restricted stock shall be denominated based on a discounted issuance price equal to approximately 75-85% of its trading price as of the date of issuance. Under all circumstances, the discount afforded by the Compensation Committee to you will be the same as the discount afforded to the CEO, CIO, CFO and Executive Vice President — Development of FR. Any payment of Incentive Compensation pursuant to this Section 3 will require your continued employment through the payment date, which will normally be no later than 2 1/2 months following the close of the annual performance period. Termination of employment, for any reason other than under Paragraphs 5(a) (termination by FR without cause), 5(c) (change in control), 5(d) (death or disability) and 5(e) (change in responsibility), prior to the payment date will result in the forfeiture of any right to payment of the Incentive Compensation amount.