Incentive Based Compensation Sample Clauses
The Incentive Based Compensation clause establishes a system where an employee or contractor's pay is tied to the achievement of specific performance targets or goals. Typically, this clause outlines the criteria for earning bonuses, commissions, or other financial rewards, such as meeting sales quotas, project milestones, or productivity benchmarks. Its core function is to motivate individuals to perform at higher levels by directly linking compensation to measurable results, thereby aligning personal incentives with organizational objectives.
Incentive Based Compensation. You are eligible for an annual target cash bonus (“Target Bonus”) equal to 35% of your Base Salary. Your target bonus as a percentage of Base Salary may, at the discretion of the Board, be periodically reviewed for increase. After any such increase, the term “Target Bonus” as used herein shall thereafter refer to the increased amount. The Target Bonus shall not be reduced at any time without your express prior written consent.
Incentive Based Compensation. Incentive-based compensation is any compensation that is granted, earned or vested based wholly or in part upon the attainment of a financial reporting measure.
Incentive Based Compensation. Provided Executive is employed as of December 31 in a year for which incentive based compensation is to be paid, Executive shall be eligible to receive incentive based compensation (the “Incentive Based Compensation”) pursuant to the terms of an incentive plan to be established and approved by the Compensation Committee for each year of the Term (the “Annual Incentive Plan”). For calendar year 2024 of the Term, the Annual Incentive Plan shall be established and approved on or before May 31, 2024. For all other years of the Term, the Annual Incentive Plan shall be established on or before March 31 of the year to which the Annual Incentive Plan applies. Each Annual Incentive Plan shall be provided to Executive promptly following its approval. Incentive Based Compensation earned pursuant to an Annual Incentive Plan shall be paid to Executive on or before February 28 of the year following the year in which the Incentive Based Compensation was earned.
Incentive Based Compensation. The parties agree as set forth in Schedule 11.3(i) with respect to Incentive-Based Compensation.”
Incentive Based Compensation. On an annual basis, Penney shall be eligible to receive additional compensation contingent upon the Company’s financial performance and Penney’s performance in providing services to the Company (“Incentive Based Compensation”). The decision whether to pay any Incentive Based Compensation to Penney, and the dollar value of such Incentive Based Compensation, shall be determined in the sole discretion of the Board on an annual basis, with input from the Company’s Compensation Committee, if any, or its Executive Committee.
Incentive Based Compensation. Without limiting any other right of Capital One set forth in the Agreement, to the extent that any payments under the Agreement are earned by Service Provider on the basis of an incentive-based compensation structure (e.g., compensation that increases as a result of meeting certain goals or standards related to increased or enhanced performance of the Services), Capital One may elect to reduce or eliminate such increases and incentives if Service Provider fails to comply with any Applicable Law and such failure to comply has a negative impact on a Capital One customer or group of customers, as determined by Capital One in its sole discretion.
Incentive Based Compensation. The University shall pay Coach ▇▇▇▇▇▇▇▇▇▇▇ the following incentive based compensation if the following events occur during the Term of this Agreement:
(1) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to no more than one of the following bonuses per year for bowl participation:
(a) $400,000 if the University’s Men’s Varsity Football Team (“Team”) participates in the New Years 6 or playoff bowl games.
(b) $275,000 if the Team participates in any other bowl game.
(2) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to no more than one of the following bonuses per year for Pac-12 conference achievement:
(a) $100,000 if the Team is a Pac-12 Conference Division Champion and plays in the Pac-12 championship game (b) $50,000 if the Team is a Pac-12 Conference Division Champion but does not play in the Pac-12 championship game.
(3) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to a bonus of $100,000 if the Team wins a New Year’s 6 bowl game.
(4) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to no more than one of the following bonuses per year for NCAA Academic Progress Rate (“APR”) achievement:
(a) $75,000 if the Team’s APR is at least 980.
(b) $50,000 if the Team’s APR is at least 970.
(c) $25,000 if the Team’s APR is at least 960.
(d) $10,000 if the Team’s APR is at least 950.
(5) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to no more than one of the following bonuses per year for NCAA Graduation Success Rate (“GSR”) achievement:
(a) $75,000 if the Team’s GSR is at least 80%.
(b) 50,000 if the Team’s GSR is at least 70%.
(c) $25,000 if the Team’s GSR is at least 60%.
(d) $10,000 if the Team’s GSR is at least 50%.
(6) Coach ▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to the following bonuses per year for top 25 Team status:
(a) $150,000 if the Team is listed in the top 25 in the final year-end AP Top 25 or the College Football Playoff Rankings polls.
(b) $25,000 if the Team is listed in the top 25 of the College Football Playoff Rankings, or $15,000 if the Team is listed in the Top 25 of the AP Poll or the Coaches Poll (but only in years when Coach ▇▇▇▇▇▇▇▇▇▇▇ does not vote in the Coaches Poll), at any time prior to the conclusion of the regular season.
(7) $150,000 if Coach ▇▇▇▇▇▇▇▇▇▇▇ is named National Coach of the Year.
(8) $100,000 if Coach ▇▇▇▇▇▇▇▇▇▇▇ is named Pac-12 Coach of the Year or Co-coach of the year.
Incentive Based Compensation. In addition to the Base Salary, during the Extended Term, the Executive shall be eligible to earn the following:
(i) a cash bonus in an amount up to $300,000 (“Annual Bonus”); and
(ii) a grant of restricted stock units (RSUs) in an amount up to $125,000 (“Equity Incentive”), both to be earned based on the degree to which the pay-for-performance goals established by the Board for the 2024 fiscal year have been satisfied. Any Annual Bonus earned shall be paid and Equity Incentive earned shall be granted no later than March 31, 2025, notwithstanding the termination of the Extended Term and Executive’s employment with the Company.
Incentive Based Compensation. The Publisher and the Artist recognize the extreme importance of timely delivery of the Artwork. As a result, the Publisher wishes to offer incentives to encourage timely delivery of Artwork. Commencing April 1, 1998, provided that:
1. The Company's Consolidated Operating Margin exceeds a 23% Consolidated Operating Margin (as determined in accordance with GAAP), AND 2. Artist delivers all Artwork at least twelve (12) weeks ahead of each of the Company's scheduled release date during that fiscal year, then Artist shall receive 25% of any additional Consolidated Operating Margin in excess of the 23% Consolidated Operating Margin. For example, should the Company achieve a 27% Consolidated Operating Margin, and should Artist deliver all Artwork on time, Artist shall receive 1% of the Consolidated Operating Margin, calculated and payable 20 days from the last day of each quarter in which such additional Consolidated Operating Margin is earned, as determined in accordance with GAAP.
Incentive Based Compensation. ▇▇▇▇▇▇▇▇▇▇▇ shall participate with other senior executive officers of the Corporation in the Corporation's incentive-based bonus plan.