Award Rate definition

Award Rate means, for purposes of making the Floor Awards pursuant to Article 5, the amount of stock awarded to a Participant either expressed as a percentage of a Participant's Total Cash Compensation or in an amount as determined by the Committee.
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Award Rate means the amount of cash, expressed as a percentage of a Participant’s Base Salary as determined by the Committee.
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Award Rate means, for purposes of making Incentive Awards pursuant to Article 9, the amount of cash awarded to a Participant, expressed as a percentage of a Participant’s Base Salary as determined by the Committee.
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Examples of Award Rate in a sentence

  • The rates of pay per week are as follows:- Total Award Rate Per Week $ Wage Group Q1 82% 520.50 Wage Group Q2 87.4% 543.00 Wage Group Q3 92.4% 563.90 Wage Group Q4 100% 597.60 Wage Group Q5 105% 618.50 NOTE:The rates of pay in this Award are intended to include the arbitrated wage adjustment payable under the 1 September 2006 Declaration of General Ruling and earlier Safety Net Adjustments and arbitrated wage adjustments.


More Definitions of Award Rate

Award Rate means the amount payable to a Baking Industry Employee Level 3 under the LHMU and Tip Top Bakeries (NSW) Enterprise Award published 26 July 2002 (335 I.G. 463) and any successor Award.
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Award Rate means the amount payable to a Baking Industry Employee Level 3 under the Liquor Hospitality and Miscellaneous Union - NSW Branch and Tip Top Bakeries (NSW) Enterprise Award 2005.
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Award Rate means the amount payable to a Baking Industry Employee Level 3 under the Miscellaneous Workers and Tip Top Bakeries (NSW) Enterprise Award.
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Award Rate means the amount payable to a Baking Employee Level 3 under the LHMU and Tip Top Bakeries (NSW) Enterprise Award 2004 made on 22 October 2004 by Commissioner Macdonald in IRC 5812 of 2004 or any successor to that Award.
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Award Rate. Award rate as Prescribed by the Hospitality Industry ( General )Award ( MA000009 ) as revised on the 1 October 2022
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Related to Award Rate

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.