Example ContractsClausesCalculation and Payment of Awards.
Calculation and Payment of Awards.
Calculation and Payment of Awards. contract clause examples

Target Awards. The target bonus award granted to each Participant under the 2022 Cash Incentive Program shall be determined by the Compensation Committee based on the performance objectives, or key performance indicators, set forth on [Schedule A] hereto (the “Performance Goals”). The Performance Goals are designed to provide market competitive payout percentages for their achievement.

Target Awards. The target bonus award payable to each Participant under the 2020 Cash Incentive Program shall be determined by the Compensation Committee based on the performance objectives, or key performance indicators, set forth on [Schedule A] hereto (the “Performance Goals”). The Performance Goals are designed to provide market competitive payout percentages for the achievement of the established financial goals.

Calculation and Payment of Awards. Bonus awards shall be calculated based on the financial results of the Corporation for the 2018 fiscal year. The bonus awards to be paid pursuant to the 2018 Incentive Program (each, an “Award”) shall be on such terms as the Compensation Committee may prescribe, based on the performance criteria set forth on [Schedule A] hereto. The target(s) for the performance criteria shall be determined by the Compensation Committee, as set forth on [Schedule A] hereto. As soon as practicable following the end of the 2018 fiscal year, the Compensation Committee shall determine and certify whether and to what extent the performance goal has been met, as well as the amount of the Award that each Participant has earned under the 2018 Incentive Program.

Calculation and Payment of Additional Rent. Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, Tenant’s Share of Direct Expenses for each Expense Year. If the Rent Commencement Date is a day other than the first day of an Expense Year, or if this Lease terminates or expires on a day other than the last day of an Expense Year, then Additional Rent shall be prorated in the manner provided in Section 3.1 above.

Calculation and Payment of Additional Rent. Tenant shall pay to Landlord, in the manner set forth in Section 4.3.1 below, and as Additional Rent, Tenant’s Share of Direct Expenses for each Expense Year.

Calculation and Payment of Performance Bonus. Promptly after the date on which the necessary financial or other information for a particular year becomes available, the Committee shall determine the amount, if any, of the incentive compensation payable to each participant for that calendar year and shall certify in writing prior to payment that the performance goals for the year were in fact satisfied. A participant’s incentive award for a calendar year will be paid to the participant in the following calendar year promptly after the Committee determines the amount earned by the participant pursuant to such award, provided that such payment will in all events be made by the last day of the calendar year following the applicable bonus year. Notwithstanding the preceding sentence, the Committee may establish an arrangement, separate and apart from the Plan, pursuant to which payment of all or a portion of a participant’s incentive award for a calendar year will or must be deferred. It is intended that any such arrangement will comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"). Unless the Committee determines otherwise, no incentive award will be payable to a participant with respect to a calendar year if the participant’s employment with the Company and its affiliates terminates at any time prior to the payment thereof.

Subject to Section 6.3.2, commencing with the ​ following the ​, as consideration for the Promotion Services performed by BI, [[Unknown Identifier]] shall pay BI a promotion fee based on Net Sales of all Product in the Territory in each ​ during the Term (the “Sales Payment”), calculated as follows:

Calculation and Payment of Additional Rent. Commencing on the Lease Commencement Date, Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, Tenant's Share of Direct Expenses for each Expense Year during the Lease Term.

Target Awards. The target bonus award payable to each Participant under the 2021 Cash Incentive Program shall be determined by the Compensation Committee based on the performance objectives, or key performance indicators, set forth on [Schedule A] hereto (the “Performance Goals”). The Performance Goals are designed to provide market competitive payout percentages for their achievement.

Calculation and Payment of Fees. All fees shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Administrative Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees due to the Arranger or any other Lender, including, without limitation, those referred to in this Section 5.3, shall bear interest, if not paid when due, at the interest rate specified in Section 5.1(d) and shall constitute Obligations.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.