Examples of Incentive fund in a sentence
The Company will set up a Company Incentive Fund to be drawn once each year.
The Company Incentive Fund shall be used as incentives for the Company’s directors, supervisors, president, vice president, other senior officers and the Company’s employees, or as a source of the risk fund for duties performed by its directors, supervisors, president, vice president and other senior officers.
The aggregate of all Incentive Awards for a year may not exceed the Adjusted Target Incentive Fund for such year.
If all or any part of an Incentive Fund is not awarded to Participants, the unallocated portion shall be carried forward and made available to be included in Incentive Funds created in subsequent fiscal years.
The Staff Welfare and Incentive Fund is restricted to fund payments of special bonus to employees and for the collective welfare of employees.