Compensation Pool Clause Samples

A Compensation Pool clause establishes a designated fund or pool of resources set aside to provide compensation, typically for employees, executives, or other stakeholders. This pool may consist of cash, equity, or other benefits, and its allocation is often governed by specific eligibility criteria, performance metrics, or vesting schedules. The core function of this clause is to ensure that there is a clear and structured mechanism for distributing compensation, thereby incentivizing performance and aligning the interests of recipients with those of the organization.
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Compensation Pool. The annual operating profits of Bowe▇, ▇▇ter operating expenses and before taxes, will be apportioned to Bowe▇'▇ ▇▇▇pensation pool, dividends and reserves as follows: (a) Except as provided in this subsection, Bowe▇ ▇▇▇ll not make any distributions, nor pay any dividends, to any shareholders of Bowe▇ ▇▇▇ the first three years following the Closing Date. Instead, during such period all of the operating income of Bowe▇ ▇▇▇ll be applied towards compensation and the accumulation of reserves in Bowe▇, ▇▇ to a maximum of an aggregate of $2.5 million in each such year. Any operating income of Bowe▇ ▇▇ excess of $2.5 million in any such year shall be distributed to shareholders of Bowe▇ ▇▇ dividends. (b) At such time as the annual operating income of Bowe▇ ▇▇▇ches $10 million, Bowe▇ ▇▇▇ll cause its level of compensation (as a percent of operating profit before compensation and taxes) ("Compensation Level") for employees of Bowe▇ ▇▇ equal the Compensation Level for employees of WPS Ltd.
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Compensation Pool. As exclusive compensation for the ----------------- services of the Physician Members under their respective Employment Agreements, MCP shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be in an amount determined pursuant to this Section 7.1 and Section 7.2 and shall be allocated among and distributed to the Physician Members as provided in Section 7.4. No Physician Member shall be entitled to any compensation for services under an Employment Agreement or these Terms and Conditions except as provided in this Article VII. The amount of the Compensation Pool with respect to each Fiscal Period shall be determined as an allocation of Stage One Gross Margin between the Compensation Pool and MCP, which allocation shall be determined as provided below: (a) First, an amount equal to ninety-five percent (95%) of any Stage One Gross Margin with respect to any Fiscal Period shall be allocated to the Compensation Pool until the total allocation to the Compensation Pool for such Fiscal Period equals the ninety-five percent (95%) of the Base Compensation Pool Amount (or a proportionally lesser amount for any Fiscal Period that is less than twelve (12) calendar months) and five percent (5%) of Stage One Gross Margin shall be allocated to MCP Allocation Account until the total allocation to the MCP Allocation Account equals five percent (5%) of the Base Compensation Pool Amount (or a proportionally lesser amount for any Fiscal Period that is less than twelve (12) calendar months); (b) Second, any Stage One Gross Margin with respect to any Fiscal Period that remain after allocation of the Stage One Gross Margin pursuant to Clause (a) ("Stage Two Gross Margin"), shall be allocated to the Practice Fund Account up to an amount sufficient to cause the balance in such account to be equal to zero; (c) Third, any Stage Two Gross Margin with respect to any Fiscal Period that remain after allocation of the amounts pursuant to Clauses (a) and (b) shall be allocated twenty percent (20%) to the Compensation Pool and eighty percent (80%) to MCP Allocation Account until the amount of Stage One or Stage Two Gross Margin allocated to the MCP Allocation Account pursuant to Clause (a) or this Clause (c) equals fifteen percent (15%) of Stage One Gross Margin with respect to any Fiscal Period; and (d) Fourth, any Stage Two Gross Margin that remains after allocation of the amounts pursuant to (a), (b) and (c) ("Stage Three Gross Margin") shall be al...
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Compensation Pool. For the period beginning on the Closing Date and ending on December 31, 2019, Buyer shall establish a compensation pool for the benefit of the employees and partners of Buyer designated by Buyer as supporting the Business (the “Compensation Pool”). The Compensation Pool shall represent the maximum aggregate compensation, including benefits, of all employees and partners of Buyer designated by Buyer as supporting the Business, including the salaries of the Principals. The amount of the Compensation Pool shall be equal to forty percent (40%) of the revenue sourced by the Business during such period (excluding revenues derived from Clients who are introduced to the Business after the Closing Date by Buyer, any of its Affiliates, or any third-party solicitor or other representative of Buyer or any of its Affiliates (other than the Principals and Transferred Employees or the portfolio management group of the Business)). The Compensation Pool shall be paid out in accordance with the Buyer’s compensation policies in effect from time to time. The allocation of the Compensation Pool among the employees and the partners of Buyer designated as supporting the Business shall be determined by the Principals, subject to the prior consent of Buyer (such consent not to be unreasonably withheld, conditioned or delayed). This Section 5.1(c), including the amount of the Compensation Pool, may be amended by the written agreement of all of the parties hereto (or their successors in interest, if applicable). Upon the fifth anniversary of the Closing Date, partners of Buyer designated as supporting the Business shall be eligible to participate in Buyer’s Portfolio Management Compensation Plan as it may be in effect at that time.
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Compensation Pool. Beginning in fiscal year 2019 and continuing for any fiscal year in which there is an Earn-Out Period in which the Sellers are eligible to receive a Contingent Payment in accordance with this Agreement, the Buyers shall cause the Group Companies to create an annual compensation pool in accordance with the terms and conditions set forth in Annex M hereto.
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Compensation Pool. In addition to the Fixed Annual Compensation, Employee shall be entitled to participate in the profits of the Company by way of a Compensation Pool Agreement, a copy of which is attached hereto as Exhibit "A" (the "Compensation Pool"). The Company shall account to Employee no less frequently than quarterly with respect to the Compensation Pool beginning with the Effective Date and continuing for a period of five (5) years thereafter. Statements, which shall be accompanied by payments of any amounts shown to be due Employee, shall be delivered to Employee within forty-five (45) days following the close of the applicable accounting period (60 days with respect to annual accountings). Employee shall have the right, exercisable not more frequently than once annually, to audit the Company's books and records, which audits shall be performed by a reputable firm of certified public accountants and which shall not unreasonably interfere with the operation of the Company's business.
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Compensation Pool. As exclusive compensation for the services of ----------------- Medical Group Physician under this Agreement and all other Medical Group Physician employees of Medical Group under their respective Employment Agreements, Medical Group shall establish a compensation pool (the "Compensation Pool") which, on an annual basis, shall be equal to all amounts distributed to Medical Group pursuant to Section 2 of Article A of Appendix B of the Services Agreement. The Compensation Pool shall be allocated among and distributed to Medical Group Physician and other Medical Group Physician employees of Medical Group as provided in this Appendix A. Medical Group Physician shall not be entitled to any compensation for services under this Agreement except as provided in this Appendix A.
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Related to Compensation Pool

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

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.