Annual Performance Award definition

Annual Performance Award means an award granted under AMIP II pursuant to which annual incentive compensation based on achievement of annual performance goals may be paid.

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Annual Performance Award means an opportunity granted to a Participant to receive a payment of cash based in whole or part on the extent to which one or more Performance Goals for one or more Performance Measures are achieved for the Performance Period, subject to the conditions described in the Plan and that the Administrator otherwise imposes.

Annual Performance Award means an award granted under the AMIP II

Examples of Annual Performance Award in a sentence

All Performance Stock Awards (other than Stock Awards that constitute Executive’s Annual Performance Award) granted by the Company to the Executive and outstanding immediately prior to such Qualifying Termination Upon Change of Control shall have their vesting accelerated at the applicable target (i.e., 100%) performance level, such that 100% of the then unvested shares subject to such Stock Award will be deemed vested and exercisable as of the date of termination of employment.
Subject to Section 12, a Prorated Portion of all shares subject to Performance Stock Awards granted to the Executive by the Company and outstanding prior to such termination of employment, including Performance Stock Awards granted in connection with Executive’s Annual Performance Award, shall vest upon such termination of employment, in each case at such performance level as determined by the Board of Directors or Compensation Committee on the date of such determination.
In addition, Executive shall be entitled to twelve (12) months of Executive’s annual base salary as in effect as of the date of such termination and 100% of the cash value of Executive’s Annual Performance Award at the applicable target (i.e., 100%) performance level as in effect as 2.

More Definitions of Annual Performance Award

Annual Performance Award means a right to receive cash contingent upon the attainment of Performance Objectives determined by the Committee as more fully set forth in Section 7 hereof.

Annual Performance Award means an award granted under Article 5 of this Plan denominated in cash and in such amount and upon such terms as the Committee may determine, based on the achievement of one or more specified Performance Goals during a Plan Year, or portion thereof, or other time period as determined by the Committee.

Annual Performance Award means the Executive’s annual performance incentive award, whether consisting of cash or Stock Awards, as determined by the Board of Directors or Compensation Committee on an annual basis.