Award Target definition

Award Target means, with respect to each Participant for an Award Period, a percentage of such Participant’s total target long-term incentive value calculated at the beginning of the Award Period and expressed as a number of Performance Shares and/or Phantom Stock Units. One-third of the Award Target will apply to each of the Performance Periods in an Award Period.

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Award Target means an amount equal to the ELTIP Reference Percentage multiplied by a participant's base salary at the beginning of the relevant Performance Period.

Award Target means, with respect to each Participant for an Award Period, a percentage of such Participant’s total target long-term incentive value calculated at the

Examples of Award Target in a sentence

In the event the average closing sale price of the Stock during any twenty consecutive trading days between June 1, 2010 through December 30, 2010 (“Triggering Period”) is at least $85.00, the Award will be paid at 100% of the Award Target.
In the event the Bonus Award Target Performance Goal is not exceeded, then the Performance Rights will be forfeited to the Company and no Bonus Award related thereto will be payable.
Threshold [Performance Goal] is the minimum [Performance Goal] for the Performance Period that must be achieved by the Corporation in order for the Employee to qualify for any Award, Target [Performance Goal] is the expected achievement of [Performance Goal] for the Performance Period, and Maximum [Performance Goal] is the maximum [Performance Goal] for the Performance Period that could be achieved that would result in an increase in the number of Performance Share Units earned under this Award.
Each of the Minimum Annual Cash Award, Target Annual Cash Award, Maximum Annual Cash Award and Grant Date of the Award are set forth on Exhibit A hereto.
In the event the Company achieves Fully-Diluted Earnings Per Share that are between the Bonus Award Target Performance Goal and the Bonus Award Maximum Performance Goal, then the number of Performance Rights which shall vest shall be determined by linear interpolation and the remainder of the Performance Rights will be forfeited to the Company and no Bonus Award associated with such forfeited Performance Rights shall be payable.
In the event of a Change in Control, any Award under this Agreement will be payable at the following levels: (a) at 100% of the Award Target if the closing sale price of the Stock is at least $85 at the occurrence of a Change in Control; or (b) at 50% of the Award Target if the price of the Stock is less than $85 at the occurrence of a Change in Control.
RPSUs are hereby granted as follows to C▇▇▇▇ ▇▇▇▇▇▇▇▇▇: Date of Grant: July 1, 2024 Performance Period: April 30, 2024 through December 31, 2026 Restricted Period: July 1, 2024 through April 14, 2027 Target Award: #,### Final Award: Target Award multiplied by “Payout Percentage” based on the Company’s total shareholder return relative to total shareholder return of peer group members, as set forth in this Agreement.
In the event the Bonus Award Target Total Shareholder Return Goal is not exceeded, then the Return Based Rights will be forfeited to the Company and no Bonus Award related thereto will be payable.
Notwithstanding the above, this Award shall vest at 100% of the Award Target before the normal vesting dates set forth in Paragraph 4 above upon the occurrence of any of the events set forth below while Corporate Officer is employed by the Company (hereinafter referred to as an “Accelerating Event”).
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 Target

Award Target means a Participant’s base salary multiplied by the target award percentage.

Award Target means the maximum amount which may be paid to a Participant hereunder for any given Performance Period upon satisfaction of performance objectives as established by the Committee.

Related to Award Target

Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.
Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;
Award Criteria means the Standard Services Award Criteria and/or the Competed Services Award Criteria as the context requires
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.
Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.