Incentive Structure Clause Samples

Incentive Structure. The Management Company will implement an incentive compensation program, as described in the Administrative Services Agreement, to encourage the Transferred Employees to develop new business opportunities, develop Purchaser’s existing assets, and contribute to the financial performance of Purchaser.
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Incentive Structure. The parties agree to continue with the incentive program that was established during the 2010-2012 contract period during this 2012-2014 contract period for the Supervisory Services Bargaining Unit. This incentive program will continue to be developed and monitored by the elected incentive committee during this contract period. The committee shall be comprised of no more than (4) management members and no more than (4) Supervisory Services Bargaining Unit members. Management shall have the sole discretion of appointing management members to the committee. The president of MSEA shall have the sole discretion of appointing Supervisory Services Bargaining Unit members to serve on the committee. This committee shall meet monthly to review and discuss the progress of this program. The Supervisory Services Bargaining Unit members of the committee shall be charged with defining the criteria established by the Supervisory Services Bargaining unit members and also with determining the weight that shall be given to the rating criteria established. Management will provide an additional criteria based on Annual Evaluations to be used by the committee. The weight given to this criteria shall be reasonable as determined by the joint committee. The overall purpose of the criteria is to enable the committee to distinguish between members in the bargaining unit for the disparate distribution of incentive pay from the funds allotted by Management. It is intended that this program will provide financial incentives for the Supervisory Services Bargaining Unit Members and will provide members with greater control over the distribution of the incentive funds. It is the goal that this Committee will establish a outline for a more formal incentive program for future years. This incentive program does not exclude the potential for negotiating across the board base wage increases in future years.
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Incentive Structure. The incentive structure proposed for the Operator Agreement is provided in the table below. The First Party shall check Compliance to KPIs on a monthly and quarterly basis depending on the KPI and the compliance calculations will be released every six months to be used for award of incentives to the Second Party. ▇.▇▇. Levels of Incentive Amount (or Number) Criteria of Award Frequency of Measurement 1 Certificate of Appreciation for each category Every Six Months − Driver 1 Highest Overall Compliance Level to KPIs in the category − Vehicle 1 Highest Overall Compliance Level to KPIs in the category − Operations 1 Highest Overall Compliance Level to KPIs in the category 2 Cash Prize for each below category Every Year − Vehicle 150,000 AED * Winner of both Certificates of Appreciation for the category in the year − Driver 200,000 AED * Winner of both Certificates of Appreciation for the category in the year − Operations 250,000 AED * Winner of both Certificates of Appreciation for the category in the year 3 Best Operator Award 1 Winner of Cash Prize award in any 2 out of 3 categories Every Year 4 Most Preferred Operator 1 Winner of 2 consecutive Best Operator Awards Every Two Years * The amounts are to be confirmed by the senior management of First Party
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Incentive Structure a. Discount Availability: OpenEDG offers discounts on exams, practice tests, and learning products to the Partner, provided the Partner has an active, paid subscription with the OpenEDG Education Partner Program.
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Incentive Structure. The Board shall establish as soon as reasonably practicable after the Initial Effective Date a long-term market maker incentive structure, which may be implemented, among other potential methods, by having the Company, on an annual basis, provide a rebate to market makers (whether or not such market makers are equity owners) based on profitability and other metrics.
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Related to Incentive Structure

  • Alternative Structure (a) The Company shall use reasonable best efforts to cause any agreement, instrument or indenture with respect to indebtedness for borrowed money to which the Company or any of its Subsidiaries is a party to be amended prior to the date that is not later than the fifth business day prior to the date the Form S-4 Registration Statement is declared effective, if Parent reasonably determines that such amendment is necessary so that the Subsequent Merger will not have any of the effects described in Section 5.1(d)(ii) (mutatis mutandi) (without giving effect to (i) the Company Material Adverse Effect exception at the end of Section 5.1(d)(ii) and (ii) any cure period or notice requirement) with respect to such agreement, instrument or indenture (an “Indenture Impact”); provided that without Parent’s prior written consent the Company shall not make any non-de minimis consent payments to any third party in connection with the foregoing or agree to amend any of the terms of such agreement, instrument or indenture except to amend the provision giving rise to the Indenture Impact. (b) In the event that either (i) the Mergers would reasonably be likely to fail to qualify for the Intended Tax Treatment or (ii) the Subsequent Merger would have an Indenture Impact, the parties agree (x) to cooperate in good faith to explore alternative structures that would permit the transactions contemplated hereby to qualify as a reorganization within the meaning of Section 368(a) of the Code and (y) if each party to this Agreement in the exercise of its reasonable business discretion agrees to pursue such an alternative structure, the parties shall enter into an appropriate amendment to this Agreement to reflect such alternative structure and provide for such other changes necessitated thereby; provided, however, that failure of the parties to agree to an alternative structure shall not cause any condition to Closing set forth herein not to be satisfied or otherwise cause any breach of this Agreement; and provided, further, that any actions taken pursuant to this Section 6.20(b) (A) shall not (I) without the consent of the Company and Parent, alter or change the amount, nature or mix of the Merger Consideration or (II) impose any economic or other costs on Parent or the Company that are more than immaterial and (B) shall be capable of consummation without delay in relation to the structure contemplated herein. Notwithstanding anything in this Agreement to the contrary, in no event shall Parent be required to cause the Subsequent Merger to occur or to effect any alternative structure if the foregoing would result in an Indenture Impact. (c) In the event the Mergers would reasonably be likely to fail to qualify for the Intended Tax Treatment, the parties may agree (in each party’s reasonable business discretion) not to consummate the Subsequent Merger. For the avoidance of doubt, neither the identification nor the implementation of an alternative structure under Section 6.20(b) above shall be a condition to Closing.

  • Governance Structure The Academy shall be organized and administered under the direction of the Academy Board and pursuant to the governance structure as set forth in its Bylaws. The Academy’s Board of Directors shall meet at least six times per fiscal year, unless another schedule is mutually agreed upon by the University President or Designee and the Academy.

  • Management Structure Describe the overall management approach toward planning and implementing the contract. Include an organization chart for the management of the contract, if awarded.

  • Change in Structure Except as expressly permitted under Section 6.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend any of its Organization Documents in any respect materially adverse to Agent or Lenders.

  • Master Feeder Structure If permitted by the 1940 Act, the Board of Trustees, by vote of a majority of the Trustees, and without a Shareholder vote, may cause the Trust or any one or more Series to convert to a master feeder structure (a structure in which a feeder fund invests all of its assets in a master fund, rather than making investments in securities directly) and thereby cause existing Series of the Trust to either become feeders in a master fund, or to become master funds in which other funds are feeders.