Common use of Long-Term Incentive Award Clause in Contracts

Long-Term Incentive Award. “Long-Term Incentive Award” means the actual long-term incentive award earned during a Performance Period of two or more Plan Years by a Participant, payable in cash or Stock having a Fair Market Value equal to such earned award amount, as determined by the Committee at or after the end of the Performance Period. may, in the discretion of the Committee, be stated as a percentage of the Participant’s Base Salary, a dollar amount or other measurement.

Appears in 3 contracts

Samples: Management Incentive Plan (Apac Customer Service Inc), Management Incentive Plan (Apac Customer Service Inc), Management Incentive Plan (Apac Customer Service Inc)

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Long-Term Incentive Award. “Long-Term Incentive Award” means the actual long-term incentive award earned during a Performance Period of two or more Plan Years by a Participant, payable in cash or Stock having a Fair Market Value equal to such earned award amount, as determined by the Committee at or after the end of the Performance Period. Period and may, in the discretion of the Committee, be stated as a percentage of the Participant’s Base Salary, a dollar amount or other measurement.

Appears in 1 contract

Samples: Management Incentive Plan (Apac Customer Service Inc)

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