Performance Incentive Compensation Sample Clauses

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Performance Incentive Compensation. Executive is awarded at the price of the Company's common stock of the Effective Date an option for 67,000 shares of common stock of the Company under terms and circumstances set forth in Exhibit A. This additional incentive is given in lieu of cash or stock bonus for the term of this contract. The Compensation Committee will review both the Company's performance and Executive's performance as of the first anniversary of this contract and will only authorize additional compensation in the event of extraordinary efforts and success. To the maximum amount allowed by law, these options will be in the form an Incentive Stock Option Grant and the balance in Non-Qualified Options.
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Performance Incentive Compensation. Executive shall be entitled to compensation based on a performance bonus for achieving major milestones of growth, manufacturing, revenue and performance of the company. These goals shall be determined by the board of directors as part of the agreed upon strategic plan and budget goals and could include such items as: 1) raising adequate capital levels on terms acceptable to the board and in the best interest of shareholders; 2) achieving technology milestones that allow completion of ESL technology for 3rd party testing and certification, and manufacturing bulbs for sale; and 3) achieving revenue targets for the company into defined distribution channels in the U.S. and internationally. Executives’ performance incentive compensation shall be decided and awarded no later than December 31 of 2010, or within one month after termination of agreement by either party.
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Performance Incentive Compensation. 8.1. During each Contract Year, Coach will be eligible to receive performance incentive compensation for achieving annual specified performance goals (“Performance Goals”) in the amounts set forth in Appendix E (“Incentive Compensation”), provided Coach meets the Performance Incentive Criteria, as that term is defined herein, during each Contract Year. Any such Incentive Compensation shall be prospective, compensating Coach only for services and events which have not occurred at the time of the signing of this Agreement. Any Incentive Compensation provided will be (a) subject to any conditions, limits or restrictions as set forth in this Agreement; (b) subject to any conditions, limits, or restrictions of University Rules; and (c) subject to the availability of adequate funding. All determinations of whether adequate funding is available shall be determined by the Director of Athletics, in his/her sole discretion. Incentive Compensation shall be payable by June 30 of each Contract Year in which it was earned. 8.2. Coach shall only be eligible for Incentive Compensation if all the following conditions are met (collectively, the “Performance Incentive Criteria”): ▇.▇.▇. ▇▇▇▇▇ completes the baseball season during which the Performance Goal(s) was achieved in the capacity as Head Baseball Coach; and ▇.▇.▇. ▇▇▇▇▇ is compliant with all provisions of this Agreement at the time of the payout of the Incentive Compensation; and 8.2.3. This Agreement has not been terminated by ICAA for Cause during the Contract Year during which the Performance Goal(s) was achieved; and 8.2.4. Both Coach and the Program are in compliance with all Governing Athletics Rules and University Rules during the Contract Year during which the Performance Goal(s) was achieved. For purposes of this section, “in compliance” shall mean that no disciplinary action was taken against Coach or the Program for the violation of the Governing Athletics Rules and/or the University Rules by the NCAA, AAC, ICAA, and/or the University, by the time the Incentive Compensation is due; and 8.2.5. There are no pending or active NCAA, ICAA, and/or University investigations concerning Coach and/or the Program at the time of the payout of the Incentive Compensation. 8.3. Coach shall repay any Incentive Compensation paid for a Performance Goal that is subsequently vacated by the NCAA due to conduct that occurred while Coach was serving as Head Baseball Coach, provided that Coach either knew about, or should have rea...
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Performance Incentive Compensation. Promotion - Promotion is the movement of an employee from one classification to another classification having a higher salary range. At the time an employee is promoted, his or her salary shall be adjusted as follows:
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Performance Incentive Compensation. The Company will pay Executive Performance Incentive compensation in consideration of the Executives successful execution of responsibilities. The Executive agrees incentive compensation for all transactions will be 2% and shall be paid in kind. Should the transaction involve an entity with exceptional EBITDA, a bonus of 1% to be paid in kind shall apply. Should the transaction involve an entity with exceptional cash reserves, a bonus of 1% to be paid in cash shall apply. If the Executive and the Company cannot agree to an appropriate bonus, it will be submitted to binding AAA arbitration in Orange County, California.
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Performance Incentive Compensation. If the Owner intends to pay the Operator performance incentive compensation, the Owner will pay such compensation at the end of the New Operations Period [and in accordance with the Performance Incentive Compensation Appendix].
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Performance Incentive Compensation. 4.2.1 The Board shall annually pay ▇▇. ▇▇▇▇▇ up to forty thousand and eight-hundred dollars ($40,800.00), or up to fifteen percent of her Base Salary, representing an annual discretionary “Performance Incentive Compensation” payment based on quantitative and qualitative indicators established by the Board and mutually agreed to by the parties no later than September 1st of each year of the Initial Term, beginning on September 1, 2020. Such quantitative and qualitative indicators shall be memorialized and incorporated herein as Exhibit B to this Agreement. It is within the sole discretion of the Board based upon the annual assessment of ▇▇. ▇▇▇▇▇ to determine whether the Performance Incentive Compensation payment, or a portion thereof, has been earned. 4.2.2 The Board shall endeavor to determine whether any Performance Incentive Compensation payment has been earned by the October 1st following the applicable University fiscal year relating to any such Performance Incentive Compensation payment, beginning in October 2021. Any Performance Incentive Compensation payment approved by the Board for the applicable fiscal year shall be made on or before December 31st following the determination that the payment has been earned by ▇▇. ▇▇▇▇▇.
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Performance Incentive Compensation. Employees represented by UNION who have remained at the top step of the same salary range for five (5) years may be eligible for an additional step increase of five percent (5%) following receipt of a cumulative rating of three
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Performance Incentive Compensation 
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Related to Performance Incentive Compensation

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Performance Incentives As a bonus, to supplement Associate Head Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Associate Head Coach knew or should have known. Associate Head Coach must also complete the _________ [insert sport] season as Associate Head [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Associate Head Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.