Available Days Cash Award Sample Clauses

Available Days Cash Award. Subject to the provisions of Paragraphs 2(c) and 3, the amount of the Available Days Cash Award that shall vest on the Performance Vesting Date shall be determined as follows: (A) If the Available Days is less than the Threshold Available Days, none of the Available Days Cash Award shall vest. (B) If the Available Days is equal to or greater than the Threshold Available Days, but less than the Target Available Days, the amount of the Available Days Cash Award that shall vest shall be equal to: (1) $50,000, plus (2) $200,000 multiplied by a fraction (the value of which shall not be less than 0 nor more than 1), (I) the numerator of which shall be the excess of the Available Days over the Threshold Available Days; and (II) the denominator of which shall be the excess of the Target Available Days over the Threshold Available Days. (C) If the Available Days is equal to or greater than the Target Available Days, but less than the Maximum Available Days, the amount of the Available Days Cash Award that shall vest shall be equal to: (1) $250,000, plus (2) $250,000 multiplied by a fraction (the value of which shall not be less than 0 nor more than 1), (I) the numerator of which shall be the excess of the Available Days over the Target Available Days; and (II) the denominator of which shall be the excess of the Maximum Available Days over the Target Available Days. (D) If the Available Days is equal to or greater than the Maximum Available Days, all $500,000 of the Available Days Cash Award shall vest. Any portion of any Cash Award that does not vest in accordance with this Paragraph 2(b) or Paragraph 3 shall be forfeited. Subject to Paragraphs 2(c) and 3, Cash Awards that vest shall be settled in accordance with Paragraph 2(d).
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Related to Available Days Cash Award

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Performance on Business Days In the event the date on which performance or payment of any obligation of a party required hereunder is other than a Business Day, the time for payment or performance shall automatically be extended to the first Business Day following such date.

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Payout At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • EPP service availability Refers to the ability of the TLD EPP servers as a group, to respond to commands from the Registry accredited Registrars, who already have credentials to the servers. The response shall include appropriate data from the Registry System. An EPP command with “EPP command RTT” 5 times higher than the corresponding SLR will be considered as unanswered. If 51% or more of the EPP testing probes see the EPP service as unavailable during a given time, the EPP service will be considered unavailable.

  • Default Not Exceeding 10% of Firm Units or Option Units If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Units or the Option Units, if the Over-allotment Option is exercised, hereunder, and if the number of the Firm Units or Option Units with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Units or Option Units that all Underwriters have agreed to purchase hereunder, then such Firm Units or Option Units to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • 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.

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