Incentive Alternatives and Method of Incentive Payment Clause Samples

The "Incentive Alternatives and Method of Incentive Payment" clause defines the types of incentives available to a party under the agreement and outlines how these incentives will be paid. It typically specifies whether incentives will be provided as cash bonuses, stock options, commissions, or other forms of compensation, and details the timing and process for disbursing these payments. By clearly establishing both the nature and method of incentive payments, this clause ensures transparency and helps prevent disputes regarding compensation, thereby motivating performance while managing expectations.
Incentive Alternatives and Method of Incentive Payment a) Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of 3 instalments of one-third of annual salary, to be paid on agreed-upon dates acceptable to the employee and shall be based on scale salary* without allowances at the date of retirement (i.e. last day worked) in the following amounts: Full Years to Age 65 Payout 1 20% of annual salary
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Incentive Alternatives and Method of Incentive Payment a) Lump Sum Payments
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Related to Incentive Alternatives and Method of Incentive Payment

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.