Award Level means the amount of incentive compensation (generally expressed as a percentage of the Participant’s Base Salary) that may be paid to a Participant under the Plan for the achievement in a given Plan Year of an associated, specified level of performance measured in terms of Performance Goals established pursuant to Section 6 of this Plan. Award Levels may be established at threshold, target and maximum levels.
Award Level means the percentage of a fixed amount of Salary payable to a Participant based on the level of Performance Objectives achievement as determined pursuant to Section 4(a).
Examples of Award Level in a sentence
The Award Level for the APTCF factor for the Performance Period shall be determined based on the following table: Performance Level Adjusted Pre-Tax Cash Flow Amount % of Target Performance Share Units Earned1 Maximum $32,820,000 200% Target $26,256,000 100% Threshold $19,692,000 50% <Threshold <$19,692,000 0% 1 Linear interpolation will be applicable to the percentages between the Performance Levels.
More Definitions of Award Level
Award Level means a Participant’s participation classification: Blue, Green, Red, Orange or Yellow.
Award Level means any of the following as determined by the Administrative Committee in granting an award: (i) the attainment of a level of net profits of the Company for a given year, (ii) the attainment of a level of net profits of a specified Sub or a combination of Subs for a given year, or (iii) a fixed dollar amount.
Award Level means the amount of incentive compensation (expressed as a percentage of the Participant’s Base Salary or a specified dollar amount, as determined by the Plan Administrator) that may be paid to a Participant under the Plan for the achievement in a given Performance Period of an associated, specified level of performance. Award Levels may be established at threshold, target and over-achievement levels.
Award Level means the number of Phantom Stock Units granted to a Participant at the commencement of a Performance Period.
Award Level means the percentage of a fixed amount or Salary, or portion of an Award Pool, payable to a Participant based on the level of Performance Objectives achievement as determined pursuant to Section 4(a).