Performance Incentive Compensation. 8.1. During each Contract Year, Coach will be eligible to receive performance incentive compensation for achieving annual specified performance goals (“Performance Goals”) in the amounts set forth in Appendix E (“Incentive Compensation”), provided Coach meets the Performance Incentive Criteria, as that term is defined herein, during each Contract Year. Any such Incentive Compensation shall be prospective, compensating Coach only for services and events which have not occurred at the time of the signing of this Agreement. Any Incentive Compensation provided will be (a) subject to any conditions, limits or restrictions as set forth in this Agreement; (b) subject to any conditions, limits, or restrictions of University Rules; and (c) subject to the availability of adequate funding. All determinations of whether adequate funding is available shall be determined by the Director of Athletics, in his/her sole discretion. Incentive Compensation shall be payable by May 1 of each Contract Year in which it was earned.
Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 45,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.
Performance Incentive Compensation. Executive shall be entitled to compensation based on a performance bonus for achieving major milestones of growth, manufacturing, revenue and performance of the company. These goals shall be determined by the board of directors as part of the agreed upon strategic plan and budget goals and could include such items as: 1) raising adequate capital levels on terms acceptable to the board and in the best interest of shareholders; 2) achieving technology milestones that allow completion of ESL technology for 3rd party testing and manufacturing bulbs for sale; and 3) achieving revenue targets for the company into defined distribution channels in the U.S. and internationally. Executives’ performance incentive compensation shall be decided and awarded no later than October 4 of 2011, or within one month after termination of agreement by either party.
Performance Incentive Compensation. If the Owner intends to pay the Operator performance incentive compensation, the Owner will pay such compensation at the end of the New Operations Period [and in accordance with the Performance Incentive Compensation Appendix].
Performance Incentive Compensation. Promotion - Promotion is the movement of an employee from one classification to another classification having a higher salary range. At the time an employee is promoted, his or her salary shall be adjusted as follows: If the first step in the salary range for the employee’s new position is at least five percent (5%) greater than the employee’s current salary range, the employee shall be moved to the first step of the new salary range. If the first step in the salary range for the employee’s new position is less than five percent (5%) greater than the employee’s current salary range, the employee shall be moved to the step which would provide, at minimum, a five percent (5%) increase in salary. If no step in the salary range for the new position would provide the employee with at least a five percent (5%) salary adjustment, the employee shall be moved to the top step of the new salary range.
Performance Incentive Compensation. Employees represented by UNION who have remained at the top step of the same salary range for five (5) years may be eligible for an additional step increase of five percent (5%) following receipt of a cumulative rating of three
Performance Incentive Compensation. The Company will pay Executive Performance Incentive compensation in consideration of the Executives successful execution of responsibilities. The Executive agrees incentive compensation for all transactions will be 2% and shall be paid in kind. Should the transaction involve an entity with exceptional EBITDA, a bonus of 1% to be paid in kind shall apply. Should the transaction involve an entity with exceptional cash reserves, a bonus of 1% to be paid in cash shall apply. If the Executive and the Company cannot agree to an appropriate bonus, it will be submitted to binding AAA arbitration in Orange County, California.
Performance Incentive Compensation. 4.2.1 The Board shall annually pay Xx. Xxxxx up to forty thousand and eight-hundred dollars ($40,800.00), or up to fifteen percent of her Base Salary, representing an annual discretionary “Performance Incentive Compensation” payment based on quantitative and qualitative indicators established by the Board and mutually agreed to by the parties no later than September 1st of each year of the Initial Term, beginning on September 1, 2020. Such quantitative and qualitative indicators shall be memorialized and incorporated herein as Exhibit B to this Agreement. It is within the sole discretion of the Board based upon the annual assessment of Xx. Xxxxx to determine whether the Performance Incentive Compensation payment, or a portion thereof, has been earned.
Performance Incentive Compensation
