Award Maximum definition

Award Maximum means 4.00x the Target Award.
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Award Maximum means:
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Award Maximum means (i) $20,000,000, if the Company’s Annualized Stock Growth is at or above the median Peer Group Annualized Stock Price Growth or (ii) $10,000,000, if the Company’s Annualized Stock Growth is below the median Peer Group Annualized Stock Price Growth.
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Examples of Award Maximum in a sentence

  • The maximum vacation awarded in any 12 month period and the maximum accumulations permitted are as follows: Years of Service 12-month Award Maximum Equivalent of Days Number Maximum Accumulation 1 – 5 80 hours 10 320 hrs.

  • Subject to the Award Maximum, the total number of PSUs that may be earned pursuant to the PSU Award in accordance with this Agreement shall range from 0% to 350% of the Target PSUs.

  • Subject to the terms, definitions and provisions of this PSU Award and the Plan, Participant will be entitled to receive a number of shares of Shares equal to the number of Earned PSUs (subject to the Award Maximum).

  • Minimum Award No PSUs Threshold Award 50% of PSUs at Target Award Maximum Award 200% of PSUs at Target Award The actual number of PSUs that become eligible for vesting shall be determined by the Committee, in its sole discretion, in accordance with Appendix A.

  • The level of performance established by the Grantor, which must be achieved in order to earn or vest the applicable Minimum Award, Target Award, Maximum Award or intermediate level of Award Items.

  • The following table shall apply for calculating this Award: Maximum [●]% [●] percentile Target [●]% [●] percentile Threshold [●]% [●] percentile The maximum percentage by which the Participant’s Target Number of RSUs is multiplied cannot exceed 200% and no RSUs shall vest unless the Company’s Relative Total Shareholder Return performance for the specified period is at least equal to the Threshold performance Level.

  • Target and maximum incentive awards are shown below: Position Target Award Maximum Award Corporate SVP's/Business 40% 80% Segment Presidents and above Corporate/Business Segment 30% 60% VP's/BU President or GM Unit VP or Directors 20% 40% Each business unit will establish an accrual equal to the sum of the Target Awards of approved participants.

  • In the event the Company achieves the Bonus Award Maximum Total Shareholder Return Goal, then all of the Return Based Rights shall vest and the entire Bonus Award shall be payable.

  • Minimum Award No PSUs Threshold Award 50% of PSUs at Target Award Maximum Award 150% of PSUs at Target Award The actual number of PSUs that become eligible for vesting shall be determined by the Committee, in its sole discretion, in accordance with Appendix A.

  • In the event the Company achieves a Total Shareholder Return that is between the Bonus Award Target Total Shareholder Return Goal and the Bonus Award Maximum Total Shareholder Return Goal, then the number of Return Based Rights which shall vest shall be determined by linear interpolation and the remainder of the Return Based Rights will be forfeited to the Company and no Bonus Award associated with such forfeited Return Based Rights shall be payable.


More Definitions of Award Maximum

Award Maximum means $____ or, in the event that the Relative Modifier shall apply, the Award Maximum means $____.
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Award Maximum means $ or, in the event that the Relative Modifier shall apply, the Award Maximum means $ .
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Award Maximum means ___x the Target Award.
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Related to Award Maximum

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • 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.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • Cash Award means an award denominated in cash.

  • Other Unit-Based Award means an award granted pursuant to Section 6(f) of the Plan.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 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 Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Other Equity-Based Award means an Award that is not an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, or Performance Share Award that is granted under Section 10 and is payable by delivery of Common Stock and/or which is measured by reference to the value of Common Stock.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Stock Incentives means, collectively, Dividend Equivalent Rights, Incentive Stock Options, Non-Qualified Stock Options, Performance Unit Awards, Phantom Shares, Stock Appreciation Rights and Stock Awards.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Award Limit means with respect to Awards that shall be payable in Shares or in cash, as the case may be, the respective limit set forth in Section 3.3.

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • 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.

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.