Award Calculation Sample Clauses

Award Calculation. Your Award will be calculated as follows: (a) Based on your Total Performance Score, the payout amount of your Award will be determined using the chart below:

Award Calculation. Participant(s) have selected and been deemed eligible for Manufactured Home Replacement assistance from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible to receive the Grant Amount based on the Program’s estimate of the costs necessary to remove the manufactured home damaged by the flood, replace and install either a new economy/standard singlewide manufactured home or a new economy/standard doublewide manufactured home, as applicable. The Grant Amount is not based on the value of the damaged home or the cost of a new manufactured home of Participant’s choosing. The Grant Amount is based on the lower of the actual cost expended to install a comparable manufactured home, or the cap established by the Program for replacement of the damaged home. Replacement housing must be HUD certified, meet local code requirements and HQS standards, and be within the National Automobile Dealers Association (NADA) retail value to qualify. The Grant Amount is subject to adjustment based on any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the replacement home, less any DOB and the calculation of the final Grant Amount, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing for the replacement home if the amount to replace the home exceeds the Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any repairs, construction, or clean-up of the Damaged Home for no less than seven (7) years from the date of this Agreement. Participant(s) will provide the documentation to NCORR upon request.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and elevation from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award to pay an authorized Contractor for the rehabilitation and elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary. The necessary rehabilitation and elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. The Grant Amount may be limited to a percentage of the cost of the Scope of Work based on Program eligibility policies. The Grant Amount is subject to adjustment based on approved Change Order(s) and any Duplication of Benefits (“DOB”) received by the Participant(s) (as further described below), regardless of when those benefits are received. Participants (s) must deposit the amount determined to be a DOB into a bank account controlled by the State in a non-interest-bearing escrow account. (“Escrow Account”). Participant(s) have received and consented to NCORR’s calculation of the value of the rehabilitation of the home, plus elevations costs, less any DOB and the calculation of the Grant Amount, as shown on Exhibit A (“Calculation of Grant Award”) attached hereto. Participant(s) are responsible for providing gap financing if the amount to rehabilitate and elevate the home exceeds the final Grant Amount. Participant(s) are advised and agree that additional information may be required by NCORR to determine that the Grant Amount was properly calculated. Participant(s) should maintain all records, receipts, invoices and other documentation related to any demolition, repairs, elevation or construct...

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement.

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and/or elevation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by the Program Management Contractor, the Participant(s) are eligible for the Award (1) to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by the Program inspectors to make the damaged home decent, safe and sanitary, and (2) to reimburse the Participant(s) for eligible out-of-pocket expenses related to the rehabilitation and/or elevation of the damaged property paid by Participant(s) prior to the execution of this Agreement. The necessary rehabilitation and/or elevation is based on a Scope of Work determined by a damage assessment made by the Program and using economy/standard grade building materials determined by industry software prices and not the price of replacing the damaged property or its components with like or similar materials. The work to be conducted on the damaged property is set out in the rehabilitation and/or elevation estimate attached as Exhibit B “Scope of Work,” and any Change Order(s) approved by NCORR and the Participant(s). Participant(s) have received and consent to NCORR’s calculation of the value of the Scope of Work, and the calculation of the final Grant Amount, including any reduction to the applicable eligible percentage as shown on Exhibit B. To be eligible for reimbursement under the Program, eligible expenses necessary for the rehabilitation and/or elevation of the damaged home are priced based on economy/standard grade building materials determined by industry software prices and not actual expenses incurred by the Participant(s). In-kind services, services performed by Participant(s) family, and donated services or materials are not eligible for reimbursement. Participant(s) have received and consented to NCORR estimate of reimbursable expenses, less any DOB, and the calculation of the final Grant Amount as shown in Exhibit A. Participant(s) acknowledge that the Grant Amount is not calculated or intended to be equal to or based on the actual amount spent by the Participant(s) on repairs. The inspector’s valuation of the work completed and eligible for reimbursement is attached hereto as Exhibit C (“Reimbursement Estimates.”) The Grant Amount may be limited to a percentage of the cost of ...

Award Calculation. Subject to the terms and conditions set forth in the Program and this Agreement, including, without limitation, Sections 3(b) and 6, the final amount of your Award shall be equal to the dollar amount obtained by multiplying your Payout Target (expressed as dollar amount) by the Company’s achievements on the Performance Goals This amount shall then be increased or decreased by application of the Individual Performance Modifier, if any. Any Award that is earned will be paid in a lump-sum cash payment no later than March 15th of the year following the Program Year.

Award Calculation. (a) Subject to the terms and conditions set forth in the Plan and this Agreement, including, without limitation, Sections 5 and 8, your Award is equal to the dollar amount obtained by multiplying the following five numbers: your Base Salary, Target Award Percentage, Total Performance Score (expressed as a percentage), Individual Performance Multiplier, and Annual

Award Calculation. Your Award will be calculated as follows: 5.1. Based on the Company’s Net Sales, EBIT, Cash Flow and Return on Sales, as weighted below, a payout amount will be determined using the chart below: Net Sales * (millions) Weight: 20% EBIT * (millions) Weight: 30% ROS Percentage Weight: 30% Cash Flow * (millions) Weight: 20% Level of Payout 0 % 20 % 80 % 100 % 125 % 150 % 175 % 200 %

Award Calculation. Participant(s) have selected and been deemed eligible for assistance for rehabilitation and reimbursement from the CDBG-DR Program. NCORR will manage the assistance Participant(s) receive from the Program. Based on the information provided by the Participant(s) and reviewed by NCORR and/or its contractor, the Participant(s) are eligible for the Award to pay an authorized Contractor for the rehabilitation and/or elevation services deemed necessary by Program inspectors to bring the property in alignment with U.S. Department of Housing and Urban Development Housing Quality Standards. The necessary rehabilitation is based on a Scope of Work determined by a damage inspection made by the Program and using economy/standard grade building materials determined by industry software