Common use of Payment of Partial Awards Clause in Contracts

Payment of Partial Awards. In the event a Participant no longer meets the eligibility criteria set forth in the Plan during the course of a particular Performance Period (other than due to termination of employment), the Committee may, in its discretion, pay a partial award for the portion of the Plan Year the individual was a Participant.

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)

AutoNDA by SimpleDocs

Payment of Partial Awards. In the event a Participant no longer meets the eligibility criteria set forth in the Plan during the course of a particular Performance Period (other than due to termination of employment), the Committee may, in its discretion, pay a partial award for the portion of the Plan Year Performance Period the individual was a Participant.

Appears in 1 contract

Samples: Management Incentive Plan (Apac Customer Service Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!