ALTERNATE COMPENSATION PROGRAM Sample Clauses

The Alternate Compensation Program clause establishes a mechanism for providing compensation to parties through means other than the standard payment structure outlined in the agreement. This may involve offering alternative forms of payment, such as credits, services, or other benefits, in situations where traditional monetary compensation is not feasible or appropriate. By including this clause, the contract allows flexibility in addressing unique circumstances, ensuring that parties are fairly compensated even when standard payment methods cannot be used.
ALTERNATE COMPENSATION PROGRAM. 1901 Section 1 - Participation 1902 Participation is open to full-time and part-time employees who are eligible for the Employer-paid health plan and other benefits under the labor agreement. Enrollment will be for a minimum of one (1) calendar year beginning with the first (1st) pay period of the year. Employees choosing to participate in the ACP will be required to enroll during the annual open enrollment period.
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ALTERNATE COMPENSATION PROGRAM. 236 A Benefit-eligible Employee scheduled to work twenty (20) or more hours per week who can verify that he/she has medical coverage from a source other than his/her benefited status with ▇▇▇▇▇▇ Permanente shall have the option of voluntarily participating in the Alternate Compensation Program which includes a 20% differential in lieu of benefits (Statewide Appendix C).
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ALTERNATE COMPENSATION PROGRAM. 2301 ACP Eligibility 2302 A Registered Nurse who is regularly scheduled to work twenty (20) hours or more per week has the option to participate in the Alternate Compensation Program (ACP). 2303 ACP Coverage 2304 ACP is an optional benefit program, which provides an eligible Registered Nurse with a twenty percent (20%) wage rate differential in exchange for his or her choice to waive participation in certain benefit plans. However, compensated hours while in the ACP will count as pension Service and Credited Service for a Registered Nurse participating in the KPSCEPP. Final Average Monthly Compensation for pension calculations excludes differentials and will, therefore, be calculated solely on the base wage rate.
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Related to ALTERNATE COMPENSATION PROGRAM

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • 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.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • 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.