Annual Cash Award definition

Annual Cash Award means a Cash Award that relates to an annual performance period and is not valued based on the Fair Market Value of a Share.

Annual Cash Award means, with respect to each fiscal year during the Performance Period ending on a Performance Goal Test Date, a cash payment equal to two percent (2%) of the excess, if any, of (x) the Gross Profit earned by the Company for such fiscal year, over (y) the Minimum Gross Profit Level for such fiscal year.

Annual Cash Award means the fee payable in cash at each annual stockholders meeting to Nonemployee Directors for their services as directors of the Corporation.

Examples of Annual Cash Award in a sentence

• The Annual Cash Award and the Annual Stock Incentive paid may be more or less than the annual target incentive opportunity based on the Company’s actual performance in relation to the target level performance.

• The payment and/or vesting requirements applicable to any Annual Cash Award or Annual Stock Incentive will be determined in the Company’s sole discretion, and may include time- and service-based vesting conditions and/or performance-based vesting conditions (which may include corporate, business unit or division, financial, strategic, individual or other objectives).

• Such a Participant shall be entitled to a pro-rated Annual Cash Award as described in Section 3.3(c) for that Fiscal Year payable in the same form and at the same time as Annual Cash Awards are paid to other Participants.

• What are the values of input and output impedances of the CC amplifier?4.

• For incentive programs (other than SARs) where the final amount of the Award is first calculated in cash and then paid in whole or in part in Shares, the entire amount of the Award shall be treated as a cash incentive award that is subject to the Maximum Annual Cash Award limitation in this Section 10, not the Maximum Annual Participant Stock Award limitation in Section 6(b).

• The Committee may exercise its discretion to reduce any Annual Cash Award.

• The levels of performance triggering payments of such target Annual Cash Award, and any performance-based conditions applicable to the Annual Stock Incentive, for each year to be established through consultation between the Chief Executive Officer of the Company and the Committee and communicated to Executive during the first quarter of such year by the Committee.

• The maximum Annual Cash Award payable for any single Participant for a Plan Year is $4 million dollars.

• The Board shall then provide Employee with a written description of those certain goals, conditions and criteria within the budget and financial goals which must be met in order for him to earn the Annual Cash Award and Annual Stock Award, respectively.

• The Annual Cash Award and the Annual Stock Incentive paid may be, in the discretion of the Committee, more or less than the annual target incentive opportunity based on the Company's actual performance in relation to the target level performance.

More Definitions of Annual Cash Award

Annual Cash Award means a Cash Award payable for a particular calendar year and which is not associated with another type of Award.

Annual Cash Award means a cash award made pursuant to Section 6, with a Performance Period of one year or less.

Annual Cash Award means, with respect to an Employee, the award, if any, under the applicable annual incentive cash award plan, program or arrangement that such Employee is participating in for the year in which such Employee undergoes a Termination of Employment.