Longevity Incentives Clause Samples

The Longevity Incentives clause establishes rewards or bonuses for parties who maintain a relationship or fulfill obligations over an extended period. Typically, this clause outlines specific milestones or timeframes that trigger incentive payments, such as annual bonuses for continued service or increased compensation after reaching certain anniversaries. Its core function is to encourage long-term commitment and stability by providing tangible benefits for sustained participation or performance.
Longevity Incentives. Administrators who serve beyond identified benchmark years will have the following award(s) added to their salary: After 3 years $500 After 7 years $500 After 11 years $500 After 15 years $500 After 20 years $500 After 25 years $500 After 30 years $1,000
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Longevity Incentives. A. Teachers shall have the choice of selecting either the Transitional Retirement Option or the Longevity Pay Plan. The parties agree that this may be a mutual item for extension purposes; however, if either party wants to make changes, including deletions, then it shall be a proposal brought by that party.
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Longevity Incentives. (applies only to continuous service with GCCS). Each increase is given at the end of the year noted (E.g., end of five (5) years) Years of Service 10 & 12 Months (20-30 ½ hrs.) 10 Months (31-40 hrs.) 11-12 Months (35-40 hrs.)
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Longevity Incentives. During Calendar years 2005, 2006 and 2008, the following longevity schedule shall be enforced:
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Longevity Incentives 
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Related to Longevity Incentives

  • Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

  • 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.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.