Incentive Bonus Award definition

Incentive Bonus Award means an Award granted under Section 12 of the Plan.

Incentive Bonus Award means the opportunity to earn a future cash payment tied to the level of achievement with respect to one or more Qualifying Performance Criteria for a performance period as established by the Administrator.

Incentive Bonus Award means a bonus opportunity awarded to an Employee under Section 10 hereof.

Examples of Incentive Bonus Award in a sentence

• The terms of a Participant’s Incentive Bonus Award shall be set forth in the Participant’s Award Agreement.

• The Committee shall (i) select those Participants who shall be eligible to receive an Incentive Bonus Award, (ii) determine the performance period, (iii) determine target levels of performance, and (iv) determine the level of Incentive Bonus Award to be paid to each selected Participant upon the achievement of each performance level.

• Each Incentive Bonus Award will confer upon the Participant the opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established for a performance period of not less than one year.

• The Committee generally shall make the foregoing determinations prior to the commencement of services to which an Incentive Bonus Award relates, to the extent applicable, and while the outcome of the performance goals and targets is uncertain.

• Each Incentive Bonus Award will confer upon the Participant the opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established for a performance period established by the Administrator.

• The Committee generally shall make the foregoing determinations prior to the commencement of services to which an Incentive Bonus Award relates (or for Incentive Bonus Awards intended to satisfy Code Section 162(m), within the permissible time period established for exemption under Code Section 162(m) and the regulations promulgated thereunder), to the extent applicable, and while the outcome of the performance goals and targets is uncertain.

• The Committee shall establish the performance criteria and level of achievement versus these criteria that shall determine the target and maximum amount payable under an Incentive Bonus Award, which criteria may be based on financial performance and/or personal performance evaluations.

• Notwithstanding satisfaction of any performance goals, the amount paid under an Incentive Bonus Award on account of either financial performance or personal performance evaluations may be reduced by the Committee on the basis of such further considerations as the Committee shall determine.

• Each Incentive Bonus Award will confer upon the Employee the opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established for a performance period of not less than one year.

• Each Incentive Bonus Award will confer upon the Participant the opportunity to earn a future payment tied to the level of achievement with respect to one or more performance criteria established for a performance period established by the Committee.

More Definitions of Incentive Bonus Award

Incentive Bonus Award means an Award granted under Section 13 of the Plan.

Incentive Bonus Award means, with respect to a Participant for any Performance Period, the incentive bonus award payable hereunder to such Participant with respect to such Performance Period.

Incentive Bonus Award means an award made under the Company’s Incentive Bonus Plan and is composed of 75% cash, 25% Restricted Stock and a Restricted Stock Premium; provided, however, in the President’s sole discretion the Restricted Stock and stock premium portion of the Incentive Bonus Award may be paid in cash equal to the Fair Market Value of the applicable Restricted Stock (without regard to its vesting provisions) and stock premium whereby the Fair Market Value has the meaning set forth in the Republic Companies Group, Inc. 2005 Equity-Based Compensation Plan (the “Equity-Based Plan”). Notwithstanding the foregoing, if cash is substituted for the payment of Restricted Stock, the President may in his sole discretion provide that the Incentive Bonus Award shall not consist of any Restricted Stock Premium. The total value of an Incentive Bonus Award shall be expressed as a percentage of the employee’s base salary. The Restricted Stock component shall be based on the value of the stock on the date of the award.

Incentive Bonus Award means a bonus opportunity awarded under Section 10 hereof.

Incentive Bonus Award means an Award granted under Article XVI of the Plan.

Incentive Bonus Award means an award made under the Company's Incentive Bonus Plan and (1) for Company officers is composed of 75% cash, 25% Restricted Stock and a Restricted Stock Premium, and (2) for all other eligible employees is composed of 100% cash; provided, however, in the President's sole discretion, the Incentive Bonus Award for Company officers may be composed of 100% cash (without regard to any vesting provisions) If the Incentive Bonus Award is paid 100% in cash, it shall not consist of any Restricted Stock Premium. The total value of an Incentive Bonus Award shall be expressed as a percentage of the employee's base salary. The Restricted Stock component for Company officers, if applicable, shall be based on the value of the stock on the date of the award.