Compensation Pool definition

Compensation Pool means, with respect to each Award Period, an amount equal to the sum of: (i) one-half of one percent of Net Income for the Award Period, plus (ii) any amounts not paid out of a Compensation Pool for the immediately preceding Award Period and added to the existing Compensation Pool, as determined in the Committee's sole discretion; provided, that component (ii) of a Compensation Pool shall not exceed an aggregate amount of $3 million during any given Award Period and shall be available for the payment of Incentive Awards only upon the achievement of one or more Performance Conditions.
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Compensation Pool means an amount in respect of each Employment Year equal to $1,750,000 (increased each Employment Year by a percentage equal to the percentage increase in the Consumer Price Index, using the Consumer Price Index most recently published prior to January 1 of each year during the Term and comparing it to such index most recently published as of January 1, 2005) less the aggregate of each Pool Participant’s Base Salary (as defined in the employment agreement of each Pool Participant). If more than two Pool Participants cease to be employed during the Term, the next and any succeeding termination of employment of any Pool Participant shall result in the Compensation Pool being reduced by the amount of the terminated Pool Participant’s Allotted Share of the Compensation Pool in effect in the year of termination. Notwithstanding the foregoing, if ▇▇▇▇▇ ▇▇▇▇▇▇▇ shall become President of the Company, the Compensation Pool above shall be reduced by the Base Salary of ▇▇▇▇▇ ▇▇▇▇▇▇▇ in effect immediately prior to his becoming President.
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Compensation Pool means the amounts set aside for payments to Participants as determined under Sections 2.1 and 3.1. 'DLJ' means Donaldson, Lufkin & Jenrette, Inc. and its subsidiaries.
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Examples of Compensation Pool in a sentence

  • Calculation and distribution of this Compensation Pool is set forth in detail in Article 14.

  • Each of the undersigned further confirms that nothing in this contract is designed or intended to defeat or circumvent any provisions of the collective bargaining agreement dated August 4, 2011, including but not limited to the Rookie Compensation Pool and Salary Cap provisions; however, any conduct permitted by that Agreement shall not be considered a violation of this confirmation.

  • A corresponding amount shall also be added to that Club’s Total Rookie Allocation and to the Total Rookie Compensation Pool, based upon the amount described above.

  • For each year that this Agreement is in effect, there is hereby established a Discretionary Executive Incentive Compensation Pool (the "DEICP").

  • By way of example, a Drafted Rookie selected in the second round who signs a four-year contract with Rookie Salary of $1,000,000 in year one, $1,100,000 in year two, $1,200,000 in year three, and $1,300,000 in year four would have $1,000,000 count against the Year-One Rookie Compensation Pool.


More Definitions of Compensation Pool

Compensation Pool means, with respect to each Award Period, an
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Compensation Pool has the meaning ascribed thereto in Section 5.1(c).
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Compensation Pool shall have the meaning set forth in Annex M;
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Compensation Pool shall have the meaning set forth in Section 7.1.
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Compensation Pool means, with respect to each Award Period, an amount equal to the sum of: (a) one-half of one percent of Net Income for the Award Period, plus (b) any amounts not paid out of a Compensation Pool for the immediately preceding Award Period and added to the existing Compensation Pool, as determined in the Committee’s sole discretion; provided, that the preceding component (b) of a Compensation Pool will not exceed an aggregate amount of $3 million during any given
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Compensation Pool means the compensation pool constituted under section 14;
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Compensation Pool. Appendix A - Section 1 "Discretionary Amount" Section 8(f) "Documents" Section 16 "Fair Market Value" Section 8(d)(ii) "Full-Time" Section 3.3(b) "Independent Financial Expert" Section 8(d)(ii) "Integrated Health Services" Section 14 "Intellectual Property" Section 16 "Medical Group" Recitals "PQC" Recitals "Payors" Section 7 "Physician" Recitals "Physician Related Liabilities" Section 8(c)(ii)(B) "Pod Distribution" Appendix A - Section 3
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