INCENTIVE SYSTEM Sample Clauses

The Incentive System clause establishes a framework for rewarding certain behaviors or achievements within an agreement. Typically, it outlines specific targets, milestones, or performance metrics that, when met, trigger bonuses, additional compensation, or other benefits for the involved parties. This clause serves to motivate parties to exceed baseline expectations and aligns their interests with the overall goals of the contract, thereby enhancing performance and ensuring mutual benefit.
INCENTIVE SYSTEM. The Parties agree that, should the Company desire to reintroduce the incentive pay system, the language in the previous collective agreement shall be reinstated. The Parties further agree that the Company reserves the right to establish production output requirements. Any changes to the requirements shall be communicated to the affected employees. When requested by the Union, the Company will provide its justification for any increase in the production requirement, which may be increased due to changes made in the methods, materials, tools, equipment, or where such rate has not been adjusted to reflect prior changes, or where a reasonable production requirement has not been previously established.
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INCENTIVE SYSTEM. The Union agrees that the Company may introduce an incentive system in the future if it is on a basis mutually acceptable to the Company and the Union.
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INCENTIVE SYSTEM incentive system, incorporating a curve with a ratio of one for one has been installed. These standards include personal and fatigue allowances of not less than as well as all other allowances provided in the supplement. The effort required to attain FULL incentive is the same although actual production standards may vary. The incentive earnings opportunity level is defined at and the “base” and “add on” rates are no longer applicable.
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INCENTIVE SYSTEM. Behaviours of the Contractor’s Employees and/or persons performing work for the Contractor on basis other than an employment contract, and/or the Subcontractor’s Employees and/or persons performing work for the Subcontractor on basis other than an employment contract using the cards, thus reminders in the form of Yellow or Red Cards aim at eliminating improper behaviours of such persons, against OHS regulations and/or principles.
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INCENTIVE SYSTEM. (a) The Company will establish Incentive Time 28 Spouse, ▇▇▇▇▇▇ Children or former ▇▇▇▇▇▇ Children who resided with the employee for at least ten (10) years. The one day is to be the day of the funeral. 20:04 Leave of absence without pay may be granted for good and sufficient reasons upon adequate prior application to and approval by the Human Resources Manager, provided a suitable replacement is reasonably available. Normally vacation should be used before leave of absence is requested. The granting of leave of absence shall be at the discretion of the Company having consideration for the Company's obligation to its customers and the exigency of the operations.
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INCENTIVE SYSTEM. The Company does not have any equity incentive, stock option, profit sharing or other similar incentive arrangement that involves the Company and any employee or former employee.
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INCENTIVE SYSTEM. (a) The Company and the Union agree to set up a Joint committee composed of members from each of the parties to review the Incentive System; (constitution of the Committee to be determined following ratification of the Agreement); (b) The parties agree that the objective of this Committee is to eliminate partially or wholly, the current Incentive System. (c) This Committee will be constituted within three months of the ratification of the Collective Agreement and its mandate will terminate at the end of the second year of the Collective Agreement, unless there is a mutual agreement in writing to extend the mandate of the Committee. (d) No new jobs will be added to the Incentive System. If a new job is created the Company will establish the hourly rate, and will discuss the reasons for the establishment of such rate with the Union. If the parties cannot reach agreement on the rate set, the Grievance and Arbitration procedure may be used. Any rate change will become effective from the date the grievance was filed. (e) Jobs currently on a fixed rate will be studied first. True incentive jobs will then be studied. (f) The appropriate and required expertise to accomplish the desired result will be provided by both parties.
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INCENTIVE SYSTEM. Unless otherwise agreed by the Parties, Neither the Target Company nor the Ultimate Target Company has (or proposes to have) any equity incentive system, equity option system or profit sharing system for any of their directors, senior executives or other employees. The incentive mechanism that is disclosed and in place has nothing to do with the Transferee, and the Transferee is not required to be bound by it.
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INCENTIVE SYSTEM incentive system, incorporating a
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Related to INCENTIVE SYSTEM

  • 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.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.