Incentive Payment Pool and PAU Savings Clause Samples

Incentive Payment Pool and PAU Savings. The Hospital may make Incentive Payments for each Performance Period to one or more Care Partners for a CRP Track only if – The HSCRC has determined an Incentive Payment Pool for the CRP Track; and The Incentive Payment is made pursuant to a Care Partner Arrangement that complies with section 6.3 of this Agreement. The HSCRC shall calculate PAU Savings using a methodology that has been approved by CMS in accordance with section 9.d of the State Agreement, which is set forth in the CRP Hospital’s Approved Track Implementation Protocol. In a form and manner determined by the HSCRC and by the deadline specified in the CRP Calendar, the HSCRC shall notify the Hospital of its PAU Savings and Incentive Payment Pool for the relevant CRP Track and Performance Period. The Hospital shall not distribute an Incentive Payment to a Care Partner participating in a CRP Track until the HSCRC has notified the Hospital of the relevant Incentive Payment Pool. If the Hospital contests the Incentive Payment Pool in accordance with paragraph (f) of this section 3.8, below, the Hospital shall not distribute any Incentive Payments to any Care Partner participating in the relevant CRP Track until the Incentive Payment Pool is deemed final in accordance with paragraph (f)(iii) of this section 3.8. The Hospital shall not distribute an Incentive Payment to a Care Partner until the Care Partner has reported the number of Allowable CRP Interventions it performed during the Performance Period, or portion thereof, for which the Incentive Payment is calculated. For any CRP Track, the aggregate amount of Incentive Payments distributed by the Hospital in the Performance Period must not exceed the Incentive Payment Pool for that CRP Track.

Related to Incentive Payment Pool and PAU Savings

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • 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.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • 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.