Common use of Determination of the Award Clause in Contracts

Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 3 contracts

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc), Award Agreement (American Axle & Manufacturing Holdings Inc), Award Agreement (American Axle & Manufacturing Holdings Inc)

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Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 3 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 2 contracts

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc), Award Agreement (American Axle & Manufacturing Holdings Inc)

Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares Units earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 3 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 1 contract

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc)

Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 3 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the MaximumMaximum [ ] percent. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 1 contract

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc)

Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the MaximumMaximum [ ] percent. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 1 contract

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc)

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Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares Participant’s earned by the Participant Award for the Performance Period shall equal the product of of: (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 2 above. Performance below Threshold shall will result in no payout to the Participantpayout, and performance above Maximum shall will result in a payout capped at the Maximummaximum 200%. The Committee shall have the sole authority to calculate the Participant’s earned Award.

Appears in 1 contract

Samples: Award Agreement (American Axle & Manufacturing Holdings Inc)

Determination of the Award. Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 above. Performance below Threshold shall result in no payout to the Participant, and performance above Maximum shall result in a payout capped at the Maximum. The Committee shall have the sole authority to calculate the Participant’s earned Award. 7.

Appears in 1 contract

Samples: Award Agreement

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