Award Pool definition

Award Pool means, with respect to a Plan Year, 2.25% of Operating Income for the Plan Year.

Award Pool means, for a Performance Period, the dollar amount calculated in accordance with Section 7.2(b) by applying the Performance Formula for such Performance Period against the Performance Goals for the same Performance Period.

Award Pool means a hypothetical cash amount equal to two percent (2%) of the Pretax Earnings for a specified Performance Year. Pretax Earnings for this purpose may not include Pretax Earnings from any period not included in the designated Performance Year and, if Performance Years overlap, the Committee must specify counting rules so that the aggregate of Award Pools for such Performance Years does not exceed the limit of two percent (2%) of the Pretax Earnings during the relevant periods.

Examples of Award Pool in a sentence

• The Award Pool and Awards described herein are subject to, and made pursuant to, the terms and conditions of the Plan.

• Notwithstanding the prior sentence, the Committee shall have the power and authority, in its sole and absolute exercise of negative discretion, to reduce the Earned Shares such that the Earned Shares Value will be less than the Award Pool Value, which reduction may be made by taking into account the factors described above under Section 3 of this Agreement or any other criteria the Committee deems appropriate.

• If there is any inconsistency between the terms of the Award Pool or any Award agreement and the terms of the Plan, the terms of the Plan shall control unless expressly stated that an exception to the Plan is being made.

• The percentage of Award Pool Shares (the “Award Pool Percentage”) and the maximum number of Award Pool Shares (the “Participant Maximum”) available to be awarded to each Participant for each Award, shall be as set forth in the following table.

• For each Participant, half of his percentage of Award Pool shares is allocated to each type of Award.

More Definitions of Award Pool

Award Pool means the total dollars available for funding Incentive Awards under the Plan for an applicable Plan Year.

Award Pool means the total dollars available for funding Incentive Awards under the Plan for an applicable Plan Year. The Award Pool is comprised of the Associates’ Pool and the Principals’ Pool.

Award Pool means the incentive pool established in accordance with Section 5.

Award Pool means, with respect to a Plan Year, three percent (3%) of the Company’s operating income for the Plan Year.

Award Pool means, with respect to a Plan Year, an amount determined by the Board.

Award Pool means a pool specified by the Committee, in accordance with Section 4 hereof, out of which Awards may be made to Participants. Awards may be paid in cash, equity awards issued under another stockholder-approved equity compensation plan of the Company, or a combination of cash and equity awards.

Award Pool means a maximum amount equal to $20,000,000.