VALUE OF INCENTIVES Clause Samples

VALUE OF INCENTIVES. The County agrees to authorize an incentive package valued at $124,931 for the Project, based on the following: ▇. ▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇ will be the direct beneficiary of the capped permit fee of $5,000 for the development beginning with the commencement of the Incentive Period. The building permit fee is normally calculated at $6.00 per $1,000 of construction value, and the parties agree that the building renovation permit fees for the building would ordinarily cost $129,931. Consequently, the value of this incentive is $124,931.
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VALUE OF INCENTIVES. The County agrees to authorize an incentive package valued at approximately $353,281 for the Project, based on the following: i. The Company will be the direct beneficiary of the capped permit fee of $5,000 for the building construction beginning with the commencement of the Incentive Period. The building construction permit fee is normally calculated at $6.25 per $1,000 of construction value, and the parties agree that the building construction permit fees for the building would ordinarily cost $358,281. Consequently, the value of this incentive is $353,281. ii. The Company will be the direct beneficiary of the flexible payment of the Sewer Development Fee (SDF) which is estimated at $193,285 with $64,429 due as a requirement of plan review and the remainder included as part of the water/sewer ▇▇▇▇ in equal parts at $5,369/month over the first 24 months of operation.
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VALUE OF INCENTIVES. The County agrees to authorize an incentive package valued at $85,830 for the Project, based on the following: i. BioIQ will be the direct beneficiary of the capped permit fee of $5,000 for the building renovations beginning with the commencement of the Incentive Period. The building renovation permit fee is normally calculated at $6.25 per $1,000 of construction value, and the parties agree that the building renovation permit fees for the building would ordinarily cost $21,825. Consequently, the value of this incentive is $16,825. ii. BioIQ will be the direct beneficiary of the capped business license fee of $1,000 for five years. Business license fees, which are based on the NAICS business classification code 54151, and the revenue generated from said business location, will be capped at $1,000 for 5 years. Based on the information submitted to us, we have estimated that the cost of the business license fee for this project would be: $14,801 x 5 years = $74,005 - $5,000 cap = $69,005. Consequently, the value of this incentive is $69,005.
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VALUE OF INCENTIVES. The County agrees to authorize an incentive package valued at $90,798 for the Project, based on the following: i. The capping of the business license fee at $1,000 per year for three years. The business license fee is calculated according to the ▇▇▇▇ County Occupational Tax Fee Schedule based on NAICS code and gross revenue. The County shall authorize an incentive value of $90,798 (the “Business License Fee Incentive”). ii. ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ will be the direct beneficiary of the capped annual business license fee at $1,000 for each of three (3) years, beginning with the commencement of the Incentive Period.
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Related to VALUE OF INCENTIVES

  • Incentive Bonuses The Executive shall be eligible for an annual incentive bonus with a target amount equal to 50% of his Base Salary (the “Target Bonus”). The Executive’s bonus (if any) shall be awarded based on criteria established by the Company’s Board of Directors (the “Board”) or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. The Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable.

  • 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.]

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • 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.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.