AIP Award definition

AIP Award means the award provided under the TXU Annual Incentive Plan.
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AIP Award means the amount of award payable to a Participant under the PepsiAmericas, Inc. Annual Incentive Compensation Plan.
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AIP Award means the award paid to the Participant for a Plan Year under the Vastar Resources, Inc. Annual Incentive Plan.
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Examples of AIP Award in a sentence

  • The FY ILG AIP Award shall consist of (1) a pro-rated award calculated based upon the achievement of the performance objectives applicable to the related Starwood AIP award and the number of days in the Closing Plan Year that occurs prior to the Closing Date and (2) a pro-rated award calculated based upon performance of ILG and the number of days in the Closing Plan Year that occurs following the Closing Date and including the Closing Date.

  • Notwithstanding the attached AIP Award Agreement, for each Plan Year, the Committee may change the Performance Metrics for the Plan Year on or before March 31 of such Plan Year.

  • These AIP Terms and Conditions and the AIP Award Agreement shall be governed by and construed according to the laws of the State of New York and of the United States without regard to principles of conflict of law.

  • For purposes of calculating the AIP Award, a Participant’s Target Award Percentage, effective as of April 1 of the Plan Year, shall be considered as if effective on January 1 of the Plan Year.

  • As of the Date of Grant, the Participant shall be eligible to receive an AIP Award in the amount of the AIP Target set forth on the first page of the AIP Award Agreement, as such amount may be adjusted as described in Section 5 below.

  • The AIP Target provides the Participant with an opportunity to receive an AIP Award Payment in an amount equal to the AIP Target.

  • The attached AIP Award Agreement specifies the Participant’s AIP Award at a target level (the “AIP Target”).

  • In no event shall the AIP Award Payment be more than 200% of the AIP Target.

  • The Company may, in its sole discretion, deliver any documents related to an AIP Award by electronic means.

  • These AIP Terms and Conditions, the AIP Award Agreement and the Plan constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof.


More Definitions of AIP Award

AIP Award means the award provided under the Annual Incentive Plan ofthe Texas Utilities Company System.
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Related to AIP Award

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.