RENT INCENTIVE Sample Clauses

A Rent Incentive clause provides a benefit or concession to the tenant, typically in the form of reduced or free rent for a specified period at the start of the lease. This incentive may apply as a rent-free period, a rental discount, or a landlord-funded fit-out contribution, and is often used to attract tenants or encourage them to sign a lease. The core function of this clause is to make the lease more appealing to tenants, thereby facilitating the successful commencement of the tenancy and helping landlords secure occupancy.
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RENT INCENTIVE. Subject to the Lessee not being in breach of its obligations under this lease: 1.1 the Lessee is provided an incentive by reducing the Rent otherwise payable under this lease to $1.00 plus GST per annum (if demanded) for the twelve (12) month period from the Commencement Date; and 1.2 the reduction specified in this special condition 1 applies to the Rent only and no other payments due under this lease.
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RENT INCENTIVE. In addition to Rent Incentive described in the Addendum to the Lease. Lessee shall receive a rent incentive on the additional 13,250 square feet in the amount of Nineteen Thousand, One Hundred Twenty Nine Dollars ($19,129.00). The rent incentive shall be applied as follows: April 1, 2004 through June 30, 2004, Lessee shall receive three monthly rent credits of Three Thousand Four Hundred Seventy Eight Dollars ($3,478.00) July 1, 2004 through November 30, 2004, Lessee shall receive five monthly rent credits of One Thousand Seven Hundred Thirty-Nine Dollars ($1,739.00).
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RENT INCENTIVE. Lessee shall receive a rent incentive in the amount of One Hundred Thirty Seven Thousand, Eight Hundred Twelve Dollars and 50/100 ($137,812.50), (Calculation: 75,000 square feet of warehouse space @ $3.15 per square foot times 7 months.) The rent incentive will be applied to Lessee's Base Rent April 1, 2004 through October 31, 2004 in equal monthly Installments of Nineteen Thousand, Six Hundred Eighty Seven Dollars and 50/100 ($19,687.50)
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RENT INCENTIVE. The Lessee agrees and accepts to pay to the Lessor the Goods and Services Tax (GST), the Quebec Sales Tax (QST) and all other similar taxes that the Lessor could be asked to collect from the Lessee with regard to any incentive to rent granted to the Lessee including without limitation Free Rent, Moving Allowance, Access before Commencement of the Term, or other.
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Related to RENT INCENTIVE

  • Retirement Incentive To recognize the contribution of those employees who have provided long and dedicated service to the district, the Board shall provide a retirement incentive to teachers who meet the following eligibility requirements: a. the teacher must have completed 15 years of service to District #34 by the date of his or her retirement; b. the teacher must submit a written, irrevocable, notice of intent to retire to the Superintendent by no later than August 1 of the start of the retirement incentive period; and c. the teacher must not have received an increase of greater than 6% in creditable earnings (excluding any grandfathered or exempt earnings) in the three (3) school years immediately preceding the proposed start of the retirement incentive. In up to each of the final four years of his/her employment, the teacher shall receive an incentive of 5% over his/her prior year’s base salary (which in the second, third and fourth year of the incentive includes the prior year’s retirement incentive). In the event that the State of Illinois should raise the maximum allowable percent increase, the Board will honor an increase up to 6% so long as the district does not incur any penalty. Once the teacher begins to receive the retirement incentive, he/she shall not be eligible for earnings from extra duties or summer school, stipends, and/or any other type of compensation that could result in the Board’s obligation to pay any additional contribution or “penalty” to TRS. However, the teacher may submit a request to the Superintendent’s office to continue performing paid extra duties or to earn additional compensation, so long as any such additional compensation would not result in the teacher receiving a greater than 6% increase over his/her prior year’s creditable earnings. The Superintendent’s grant or denial of such request shall be non-precedential and non-grievable. Any payment necessary to ensure the retiring employee receives an incentive of 5% shall be made in a lump sum each year by no later than June 30th. In the event a certified employee who tenders his or her irrevocable letter of resignation experiences a drastic and unanticipated change in personal circumstances, the Board may, at its option, permit the certified employee to revoke his or her irrevocable letter of resignation. In the event the Illinois General Assembly enacts any legislation during the term of this Agreement, which legislation would require the District to pay any additional moneys (or lose any additional revenues) to the State of Illinois and/or the Illinois Teachers’ Retirement System on account of its payment of this retirement incentive, then this retirement incentive shall cease to exist at the end of the current school term. However, prior to the cessation of the benefit, either party may demand to bargain concerning whether some or all of the retirement incentive can be continued without adding any additional costs to the District. Eligibility to submit a request to receive this incentive shall terminate on August 1, 2021, and any such request received prior to August 1, 2021, must be for retirement to occur no later than the end of the 2024-2025 school year.

  • 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.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • 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.

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