Employee Incentive Scheme Sample Clauses

The Employee Incentive Scheme clause establishes a framework for rewarding employees based on their performance or achievement of specific targets. Typically, this clause outlines the types of incentives available, such as bonuses, stock options, or profit-sharing, and details the criteria and processes for earning and distributing these rewards. Its core practical function is to motivate employees, align their interests with organizational goals, and enhance retention by providing tangible benefits tied to their contributions.
Employee Incentive Scheme. 11.16.1 During the term of this Agreement, all employees are encouraged to bring forward their views to Management regarding ways in which their work or operations may be carried out more productively or efficiently. 11.16.2 Upon receipt of the proposal in writing, the Manager Works & Technical services shall acknowledge receipt in writing to the employee(s) concerned.
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Employee Incentive Scheme. 12.1 The Company will arrange and issue the employee incentive shares not more than [20] % of total amount of the Company’s shares. Transfer price of the incentive shares shall be the price of original capital contributions of the Company’s Sponsors, namely, RMB [1] per share. 12.2 The Employee Incentive Scheme shall be prepared according to internationally accepted practices, of which the distribution rules are: 12.2.1 to distribute 1.5 million shares under the Employee Incentive Scheme upon establishment of the Company; 12.2.2 to distribute another 1.5 million shares under the Employee Incentive Scheme from the establishment date of the Company to January 1, 2016, if there are some after-tax net profits of the Company in any fiscal year (including break even); 12.2.3 to distribute another 1.5 million shares under the Employee Incentive Scheme from the establishment date of the Company to January 1, 2016, if after-tax net profits of the Company in any fiscal year are not less than RMB18 million; 12.2.4 to distribute another 1.5 million shares under the Employee Incentive Scheme from the establishment date of the Company to January 1, 2016, if after-tax net profits of the Company in any fiscal year are not less than RMB36 million; 12.2.5 with respect to the undistributed incentive shares up to January 1, 2006, the board of directors shall formulate another employee incentive scheme; 12.2.6 the validity period of incentive shares will be 48 months, and the shares may be transferred equally on a monthly basis as of the date of distribution; 12.3 when the distribution of incentive shares is completed or the Company’s value increases due to other major events such as capital increase and financing, the original Employee Incentive Scheme shall be modified by the board of directors. 12.4 Preparation of and modifications to the Company’s Employee Incentive Scheme shall be subject to approval of the board of directors.
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Employee Incentive Scheme. Tenants who are participating in the Employment Incentive Scheme will have their rent gradually increased to reduce the employment disincentive of a sudden increase in rent.
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Employee Incentive Scheme. Creation of an Employee Incentive Scheme Restriction of the rights of Shares held in terms of the Employee Share Scheme
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Employee Incentive Scheme. 27.1 During the term of this Agreement, all employees are encouraged to bring forward their views to Management regarding ways in which their work or operations may be carried out more productively or efficiently. 27.2 Upon receipt of such proposal in writing, the Chief Executive Officer shall acknowledge receipt in writing to the employee(s) concerned. 27.3 The Chief Executive Officer and other relevant Managers shall give due consideration to the proposal and advise the employee(s) of any intention to implement changes arising from the proposal. 27.4 Where the changes lead to a quantifiable savings against the Council’s Budget, the employee(s) responsible for initiating the proposal shall be recognised by the Council in a form to be determined and reflective of the nature and quantity of savings achieved.
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Employee Incentive Scheme. The Company’s 2016 Equity Incentive Plan, as amended and restated from time to time, will be amended on or about the date hereof to increase the number of unallocated incentive awards with 1,000,000, following the Closing, on a post money basis, so the total unallocated portion immediately following the Closing shall represent 5.02% of the Company’s fully diluted capitalization.
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Employee Incentive Scheme. The parties acknowledge and agree that the Company shall create an Employee Incentive Scheme in pursuance of which the Employee Allocation will be permitted to be issued.
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Employee Incentive Scheme. (i) the approval by the Stock Exchange of the Employee Incentive Scheme and the related transactions as will be set out in the Pricing Announcement and the Circular; and (ii) the satisfaction and/or waiver of the conditions precedent to the Employee Incentive Scheme as will be set forth in the Pricing Announcement and the Circular.
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Employee Incentive Scheme. Subject to relevant laws and regulations, the JVCO may adopt an employee option or similar employee incentive scheme by adoption of a resolution at the Shareholders’ Meeting (the “Incentive Scheme”)(the employees shall not have voting rights on those matters to be decided at the Shareholders’ Meeting as a result of such Incentive Scheme), provided that if such Incentive Scheme is converted into the shareholding of the JVCO, the shareholding upon conversion shall not exceed 10% shareholding of the JVCO. The adoption of such Incentive Scheme shall be subject to the mutual consent of the Parties to the JVCO.
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Related to Employee Incentive Scheme

  • Compensation Scheme If you make a complaint and we are unable to meet our liabilities, you may be entitled to compensation from the Financial Services Compensation Scheme. For investment business you will be covered up to a maximum of £85,000. Further information about these amounts and limits for all other product types are available from the FSCS at ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇/what-we-cover/products We are required by the anti-money laundering regulations to verify the identity of our clients, to obtain information as to the purpose and nature of the business which we conduct on their behalf, and to ensure that the information we hold is up-to-date. For this purpose we may use electronic identity verification systems and we may conduct these checks from time to time throughout our relationship, not just at the beginning.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • 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.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.