Award Determination definition

Award Determination means the notification to a Settlement Program Claimant issued by the Claims Processor of the amount of any payment and/or award made to the Settlement Program Claimant under this Agreement.
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Award Determination. Award to be recommended to the Committee will be determined by the CEO and based upon objective performance criteria to be established at the beginning of each calendar year. Such criteria will also be recommended by the CEO to the Committee for approval. For 1998, the performance criteria in effect will be based upon "EBITDA" level, which will be established by the CEO following acquisition of AmerUs Home Services, Inc. by MidAmerican Energy Holdings Company. During a calendar year, performance criteria may be adjusted at the sole discretion of the CEO, with the concurrence of the Committee, to reflect modifications to MidAmerican Realty Services Company's operations, resulting from items such as acquisitions or other items such as acquisitions or other items for which an adjustment is deemed appropriate. The CEO and the Committee will be under no obligation to make any such adjustments to the performance criteria. EXHIBIT B LONG TERM INCENTIVE COMPENSATION PLAN FOR SENIOR EXECUTIVES OF MIDAMERICAN REALTY SERVICES COMPANY This Exhibit B (this "Exhibit Agreement") constitutes a part of the employment agreement (the "Employment Agreement") dated May 27, 1998, between MidAmerican Realty Services Company ("MRSC"), a subsidiary of MidAmerican Energy Holdings Company ("MidAmerican") and R. Xxxxxxx Xxxxx ("Share holder").
Sample 1
Award Determination. The Award to be recommended to the Committee will be determined by the President and based upon objective performance criteria to be established at the beginning of each calendar year. Such criteria will also be recommended by the President to the Committee for approval. For 1999, the payment will be prorated from the Closing Date through December 31, 1999, and the performance criteria in effect will be based upon an "EBITDA" level as follows: Minimum Target Month of Dec. 1999 $ 40,000 $ 50,000 Year 2000 $ 2,000,000 $ 2,150,000 2001 $ 2,080,000 $ 2,236,000 2002 $ 2,163,000 $ 2,325,000 2003 $ 2,250,000 $ 2,418,000 2004 $ 2,340,000 $ 2,515,000 During a calendar year, performance criteria may be adjusted at the sole discretion of the President, with the concurrence of the Committee, to reflect modifications to the Company's operations, as deemed appropriate. The President and the Committee will be under no obligation to make any such adjustments to the performance criteria. QuickLinks
Sample 1

Examples of Award Determination in a sentence

  • The Committee shall determine the length of a Performance Cycle within the Qualified Performance Award Determination Period.

  • Pursuant to and subject to the terms and conditions of the Plan, the Company hereby awards to the Employee, who is an employee of the Company or one of its Subsidiaries, the opportunity to earn the number of Units that will be determined at the end of the Measurement Period under the Award Determination section above, up to but not exceeding the number of Units specified above as the Maximum Performance Based Unit Award.

  • If the Employee remains employed by the Company or a Subsidiary through the end of the Measurement Period, then at the end of the Measurement Period the Units will become fully earned, to the extent determined under the Award Determination section above.

  • The number of Performance Units subject to the Award that may vest will be determined as specified in the Performance Unit Award Determination, Vesting and Issuance Criteria attached as Attachment I to this Notice of Grant (the “Vesting and Issuance Criteria”).

  • Within the Qualified Performance Award Determination Period, the Committee shall determine the Employees who shall be eligible to receive an Annual Performance Bonus designated as a Qualified Performance Award for such Performance Cycle.

  • For each Restricted Stock Award designated as a Qualified Performance Award, the Committee shall establish, in writing, within the Qualified Performance Award Determination Period (A) a target amount of Restricted Stock that shall be payable to each such Employee and (B) subject to paragraph (f) below, a payout formula for computing the actual amount of Restricted Stock that shall become payable with respect to each level of attained performance.

  • Within the Qualified Performance Award Determination Period, the Committee shall determine the Employees who shall be eligible to receive a Restricted Stock Award designated as a Qualified Performance Award for such Performance Cycle and shall establish, in writing, the Performance Measure(s) that shall apply for such Performance Cycle.

  • Within the Qualified Performance Award Determination Period, the Committee shall determine the Employees who shall be eligible to receive a Long-Term Performance Bonus designated as a Qualified Performance Award for such Performance Cycle.

  • In the event the Committee designates an Award as a Qualified Performance Award, any determinations of the Committee pertaining to Performance Measures and other terms and conditions of such Qualified Performance Award (other than a determination under Section 4.4(c)(ii), 4.5(c)(ii) or 4.6(b)(iii) to reduce the amount of an Award) shall be in writing and made within the Qualified Performance Award Determination Period.

  • The number of PRSUs that may vest will be determined based on the Company’s actual performance against the performance goals specified in the Award Determination, Vesting and Issuance Criteria attached as Attachment I to this Agreement (the “Vesting and Issuance Criteria”), subject to the Participant’s satisfaction of the service vesting conditions set forth therein.


More Definitions of Award Determination

Award Determination. Award to be recommended to the Committee will be determined by the CEO and based upon objective performance criteria to be established at the beginning of each calendar year. Such criteria will also be recommended by the CEO to the Committee for approval. For 1998, the performance criteria in effect will be based upon "EBITDA" level, which will be established by the CEO following acquisition of X.X. Xxxxxxx Real Estate by MidAmerican Realty Services Company. During a calendar year, performance criteria may be adjusted at the sole discretion of the CEO, with the concurrence of the Committee, to reflect modifications to MidAmerican Realty Services Company's operations, resulting from items such as acquisitions or other items such as acquisitions or other items for which an adjustment is deemed appropriate. The CEO and the Committee will be under no obligation to make any such adjustments to the performance criteria.
Sample 1
Award Determination. Award to be recommended to the Committee will be determined by the CEO and based upon objective performance criteria to be established at the beginning of each calendar year. Such criteria will also be recommended by the CEO to the Committee for approval. For 1998, the performance criteria in effect will be based upon "EBITDA" level, which will be established by the CEO following acquisition of Home Real Estate Company of Omaha by MidAmerican Realty Services Company. During a calendar year, performance criteria may be adjusted at the sole discretion of the CEO, with the concurrence of the Committee, to reflect modifications to MidAmerican Realty Services Company's operations, resulting from items such as acquisitions or other items such as acquisitions or other items for which an adjustment is deemed appropriate. The CEO and the Committee will be under no obligation to make any such adjustments to the performance criteria. EXHIBIT "D" EXECUTIVE VACATION AND HOLIDAY SCHEDULE VACATION 25 days a year accrued as of January 1st of each year 15 days maximum may be carried over per year HOLIDAY SCHEDULE New Year's Day Friday after Thanksgiving Memorial Day Christmas Day Independence Day (July 4) Day before or after Christmas* Labor Day Thanksgiving Day Floating Holidays * The Human Resources Department will determine the beginning of each year whether the day before or after Christmas is taken as a holiday. This is dependent on which day of the week Christmas falls.
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Related to Award Determination

  • Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period.

  • Arbitral award or decision means an arbitrator or arbitral panel determination that a labor law violation occurred, or that enjoined or restrained a violation of labor law. It includes an award or decision that is not final or is subject to being confirmed, modified, or vacated by a court, and includes an award or decision resulting from private or confidential proceedings. To determine whether a particular award or decision is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.

  • Administrative merits determination means certain notices or findings of labor law violations issued by an enforcement agency following an investigation. An administrative merits determination may be final or be subject to appeal or further review. To determine whether a particular notice or finding is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Self-Determination means a philosophy and process by which individuals with developmental disabilities are empowered to gain control over the selection of support services that meet their needs. The basic principles of self-determination are:

  • Award Letter means the letter from the Customer to the Supplier printed above these terms and conditions;

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • 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.

  • Grant Award The Provider is required to match the grant award as required in the rules implementing the Federal Victims of Crime Act. Match contributions equal to 20 percent (cash or in-kind) of the total cost of each VOCA project (VOCA grant funds plus match contributions) must be reported monthly to the OAG. All funds designated as match contributions are restricted in the same manner and to be expended for the same uses as the VOCA victim assistance grant funds and must be expended within the grant period. Unless otherwise approved by the OAG, match contributions must be reported on a monthly basis in an amount consistent with the amount of funding requested for reimbursement.

  • Contract Award Notice means the official notification substantiated by the Notice to Proceed issued by the City Purchasing Agent to the Contractor.

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Cash Award means an award denominated in cash.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;