Incentive Award Methodology definition

Incentive Award Methodology means the definition set forth in Section 4.4.
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Incentive Award Methodology means the methodology adopted by Board of Managers Approval by which CIN will use (including through the establishment of appropriate reserves), distribute and/or pay funds received from an Incentive Award under each respective Commercial Program Agreement. The Incentive Award Methodology will be adopted no later than ninety (90) days following the commencement of the each respective Commercial Program Agreement and once so adopted, may only be changed upon Board of Managers Approval.
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Incentive Award Methodology means the methodology adopted upon Board of Managers Approval by which KYOne HP will use (including through the establishment of appropriate reserves), distribute, and/or pay funds received from an Incentive Award under each respective Program Agreement. The Incentive Award Methodology will be adopted upon Board of Managers Approval no later than ninety (90) days following the commencement of the each respective Program Agreement which may result in a Incentive Award, and the methodology, once so adopted, may only be changed upon Board of Managers Approval and otherwise in accordance with the Operating Agreement.
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Examples of Incentive Award Methodology in a sentence

  • CIN will use and/or distribute each Incentive Award in accordance with the applicable Incentive Award Methodology.

  • KYOne HP will use and/or distribute each Incentive Award in accordance with the Incentive Award Methodology for the applicable Program Agreement which is adopted upon Board of Managers Approval and otherwise in accordance with the KYOne HP Operating Agreement.

  • You agree that, subject to applicable law, You will distribute amounts earned by Your Provider/Suppliers under a Shared Savings Incentive Award Methodology pursuant to AHN Policies.

  • In the event of any termination or expiration of a CIN Agreement, any and all financial benefits, rewards, or incentives available under the terms of such CIN Agreement will be used and/or distributed in accordance with the applicable Shared Savings Incentive Award Methodology.

  • With respect to participation in MSSP, the Board of Managers will ensure that the Incentive Award Methodology will be structured so that Participating Hospital will receive a distribution only if it has adhered to the quality assurance and improvement programs and evidenced-based clinical guidelines of KYOne HP.

  • Any such distribution will be made in accordance with the applicable Incentive Award Methodology as determined by CIN.

  • In the event of termination of a Commercial Program Agreement of CIN’s MSSP participation agreement, any and all financial benefits, rewards, or incentives available under the terms of such Commercial Program Agreement or MSSP participation agreement will be used and/or distributed in accordance with the applicable Incentive Award Methodology.

  • AHN will use and/or distribute each Shared Savings Incentive Award in accordance with the applicable Shared Savings Incentive Award Methodology.

  • In the event of termination of a Program Agreement, any and all financial benefits, rewards, or incentives available under the terms of such Program Agreement will be used and/or distributed in accordance with the applicable Incentive Award Methodology.


More Definitions of Incentive Award Methodology

Incentive Award Methodology means the methodology adopted upon Board of Managers Approval and in accordance with KYOne HP‟s Operating Agreement by which KYOne HP will use (including through the establishment of appropriate reserves), distribute, and/or pay funds received from an Incentive Award under each respective Program Agreement. The Incentive Award Methodology will be adopted upon Board of Managers Approval and in accordance with KYOne HP‟s Operating Agreement no later than ninety (90) days following the commencement of the each respective Program Agreement which may result in an Incentive Award, and the methodology, once so adopted, may only be changed upon Board of Managers Approval and otherwise in accordance with the Operating Agreement.
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Related to Incentive Award Methodology

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

  • 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.

  • Award Criteria means the award criteria to be applied for the direct award of Call Off Agreements for Goods and/or Services set out in Part A of Framework Schedule 6 (Award Criteria); Dispute means any dispute, difference or question of interpretation arising out of or in connection with this Framework Agreement, including any dispute, difference or question of interpretation relating to the Goods and/or Services, failure to agree in accordance with the procedure for variations in Clause 16.1(Variation Procedure) or any matter where this Framework Agreement directs the Parties to resolve an issue by reference to the Dispute Resolution Procedure;

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

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • 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.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • 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.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

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

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

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

  • Performance Criteria means the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows:

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

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles and (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • 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).

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.