Award Percentages definition

Award Percentages means the applicable minimum, target and maximum percentage of annual base salary that a Participant would be eligible to earn as an Award based on the level of achievement of the Performance Goals for the Performance Period, which Award Percentages shall be set by the Committee at the time the Performance Goals for the Performance Period are set; provided, that, if a Participant (other than Participants eligible to receive an Award designated as “qualified performance-based compensation”) held more than one position during the Performance Period, then the Committee may designate different Award Percentages with respect to each position and the Award will be pro-rated to reflect the period during which such Participant had each Award Percentage (based on the number of days during the Performance Period the Participant held each position).

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Award Percentages used to determine the number of restricted stock units payable with respect to each Performance Goal are set forth on Exhibit A to this Agreement. The vesting of the award is subject to your continued employment with the Company or any of its subsidiaries through the first to occur of either of the following: (1) the Company’s achievement, on or after the Effective Date and on or before December 31, 2016 (the “Termination Date”), of the Performance Goal applicable to that portion of the award, or (2) the effective date of a “Change in Control” (as defined below) of the Company that occurs at any time on or after the Effective Date and on or before the Termination Date. Any portion of the award that does not become payable on or before the Termination Date (e.g., because no such Change in Control occurs and as to any Performance Goals that are not satisfied) will terminate on the Termination Date and you will have no further right with respect thereto or in respect thereof. Furthermore, except as expressly provided herein, should you cease to be employed by the Company or one of its subsidiaries, the award (to the extent a Change in Control does not occur before the date of such termination of employment, but regardless of any Performance Goals achieved prior to such termination of employment) will terminate on the date your employment by the Company or one of its subsidiaries ceases and you will have no further right with respect thereto or in respect thereof.

Examples of Award Percentages in a sentence

The Company and its Affiliates are not obligated to give uniform treatment (e.g., Maximum Award Percentages) to Employees or Participants under the Plan.
Except as otherwise provided above, the number of Performance Shares in which you will vest, if any (the “Earned Award”), shall be determined based on the Company’s aggregate consolidated operating income for the period beginning January 1, 2014 and ending on December 31, 2016, as set forth below: Maximum >$ 210 150 % Target $ 180 100 % Threshold $ 150 50 % < Threshold <$ 150 0 % * In millions ** Award Percentages between the amounts shown will be calculated by linear interpolation.
Except as otherwise provided above, the number of Performance Units in which you will vest, if any (the “Earned Award”), shall be determined based on the Company’s aggregate consolidated order intake for the period beginning January 1, 2015 and ending on December 31, 2017, as set forth below: * Award Percentages between the amounts shown will be calculated by linear interpolation.
The Committee, in its sole and absolute discretion, may consider recommendations made by the CEO as to individual Maximum Award Percentages for Participants (other than the CEO).
Except as otherwise provided above, the number of Performance Shares in which you will vest, if any (the “Earned Award”), shall be determined based on the Company’s aggregate consolidated operating income for the period beginning January 1, 2014 and ending on December 31, 2016, as set forth below: *In millions ** Award Percentages between the amounts shown will be calculated by linear interpolation.
The average of the Company’s yearly ROIC over the Measurement Period shall be used to determine the ROIC Award Percentage, as set forth in the schedule below: Superior ³16% 150% Target 13% 100% Threshold 10% 50% < Threshold <10% 0% ROIC Award Percentages between the amounts shown will be calculated by linear interpolation.

More Definitions of Award Percentages

Award Percentages used to determine the number of restricted stock units payable with respect to each Performance Goal will be as follows: Performance Goal: Tosedostat Phase III Tosedostat Approval Award Percentage: [____ ]% [____ ]% For avoidance of doubt, the vesting, payment, termination of employment and other conditions set forth in the Award Agreement shall apply to the restricted stock units subject to, and any shares of Common Stock that may be payable pursuant to, the Additional Awards.

Award Percentages used to determine the number of restricted stock units payable with respect to each Performance Goal will be as follows: Performance Goal: Pacritinib Phase III Pacritinib Approval Award Percentage: [ ]% [ ]% For avoidance of doubt, the vesting, payment, termination of employment and other conditions set forth in the Award Agreement shall apply to the restricted stock units subject to, and any shares of Common Stock that may be payable pursuant to, the Additional Awards.