Common use of Target Award Clause in Contracts

Target Award. You are hereby awarded a target Award of % of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement. Subject to Sections 5 and 8 below, your Total Performance Score will determine whether you may receive an Award less than, equal to, or greater than your Target Award.

Appears in 2 contracts

Samples: Executive Annual Incentive Award Agreement (W&t Offshore Inc), Executive Annual Incentive Award Agreement (W&t Offshore Inc)

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Target Award. You are hereby awarded a target Award of _____% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement. Subject to Sections 5 and 8 below, your Total Performance Score will determine whether you may receive an Award less than, equal to, or greater than your Target Award.

Appears in 1 contract

Samples: Executive Annual Incentive Award Agreement (W&t Offshore Inc)

Target Award. You are hereby awarded a target Award of 100% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement. Subject to Sections 5 and 8 below, your Total Performance Score will determine whether you may receive an Award less than, equal to, or greater than your Target Award.

Appears in 1 contract

Samples: Executive Annual Incentive Award Agreement (W&t Offshore Inc)

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Target Award. You are hereby awarded a target Award of ___% of your Base Salary (referred to herein as your “Target Award”) subject to the terms and conditions set forth in the Plan and this Agreement. Subject to Sections 5 and 8 below, your Total Performance Score will determine whether you may receive an Award less than, equal to, or greater than your Target Award.

Appears in 1 contract

Samples: Executive Annual Incentive Award Agreement (W&t Offshore Inc)

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