Incentive Award Payment definition

Incentive Award Payment means a reward intended to recognize the achievement in a training activity or work experience, which can help motivate a participant to achieve a training activity or work experience goal. Incentives are available for successful completion of Job Readiness Training or Occupational/Skills Training. Work-related incentives are for participants entering unsubsidized, FT employment, i.e., not during Paid Work Experiences. Incentive payments may be awarded as a cash equivalent, e.g., gift cards (not related to entertainment; e-cards are not permitted).
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Incentive Award Payment means, with respect to any Employee, any amount that becomes payable to the Employee pursuant to an award that is granted to the Employee under the Macy’s Annual Incentive Plan with respect to a Fiscal Year.
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Incentive Award Payment shall have the meaning set forth in Section 2.4(b).
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Examples of Incentive Award Payment in a sentence

  • The Incentive Award Payment shall be paid at the Company Merger Effective Time.

  • Each such share of Company Common Stock that is converted into the right to receive the Incentive Award Payment shall be canceled as provided in Section 2.2(a)(i), and the holders of such Company Common Stock shall cease to have any rights with respect to such Company Common Stock and any underlying Company Incentive Awards other than the right to receive the Incentive Award Payment.

  • Through the Retention Date, Executive’s annual salary will be $400,000 and Executive will be eligible for an Annual Incentive Award Payment for 2023, with the target award based on 50% of Executive’s annual salary, in accordance with the terms of that Plan at no less than the actual result calculated based on the Company performance measures.

  • Any Final Incentive Award Payment shall, subject to Section 6, be paid by the Corporation to the Participant not later than two and one-half months following the end of the Performance Period.

  • Creditable Earnings “IMRF creditable earnings,” wherever that phrase is used in the entirety of this provision (Retirement Incentive Award Payment), shall mean total IMRF creditable earnings including pension payment.

  • Buyer shall (x) pay, or shall cause the Company to pay, to such Affected Employee or former employee an amount equal to the Incentive Award Payment less the Employee Tax Liability and (y) timely make all required payments of the Employee Tax Liability and Employer Tax Liability to the applicable Taxing Authority.

  • TRS creditable earnings," wherever that phrase is used in the entirety of this provision (Retirement Incentive Award Payment), shall mean total TRS creditable earnings including pension payment.

  • Any Bonus or Long-Term Incentive Award Payment to be made after your termination of employment shall be subject to negative discretion as determined by the Board; provided, however, that negative discretion shall only be applied if, and to the extent, it is applied generally to the executive management team.