Examples of Incentive Compensation Award Period in a sentence
In such cases of active employment for part of an Incentive Compensation Award Period, a pro rata Incentive Compensation Award may be paid for the Incentive Compensation Award Period.
Except as provided below, an Incentive Compensation Award shall be paid for an Incentive Compensation Award Period only to a Participant who is actively employed by the Company (or on approved vacation or other approved leave of absence) throughout the Incentive Compensation Award Period and who is employed by the Company on the date the Incentive Compensation Award is paid.
An Incentive Compensation Award shall be paid to the Participant for the Incentive Compensation Award Period as provided in this Plan.
The Company shall pay the Incentive Compensation Award to the Participant in such form as the Committee may determine and at such time as the Committee may determine after the Committee certifies that the Incentive Compensation Award is payable as provided in Section 7, but no later than March 15th of the year following the year in which the Incentive Compensation Award Period ends.
The amount of an Incentive Compensation Award payable to a Participant may be denominated in cash and, pursuant to terms established by the Committee, at the election of a Participant may be adjusted to reflect changes in the market price of the Company’s common stock during an Incentive Compensation Award Period, provided that all amounts paid under the Plan shall be paid in cash.
If such Compensation does not meet the requirements for “performance-based compensation” within the meaning of Treasury Regulation Section 1.409A- 1(e), the last day of the year prior to the first year of the Incentive Compensation Award Period (as defined in the LTIP and Bonus Plan) with respect to which such Compensation is paid.
Incentive Compensation Award Period" shall have the meaning set forth in the LTIP.
In either case (a) or (b) above, such election shall become irrevocable as of the date which is twelve months prior to the end of the Incentive Compensation Award Period (as defined in the LTIP and Bonus Plan) or the Performance Period (as defined in the Omnibus Plan) or the last day of the year prior to the first year of such period, as applicable.
The Company shall pay the Incentive Compensation Award to the Participant in such form as the Committee may determine and at such time as the Committee may determine after the Committee certifies that the Incentive Compensation Award is payable as provided in Section 8, but no later than March 15 of the year following the year in which the Incentive Compensation Award Period ends.
With respect to Compensation under the Bonus Plan or the Omnibus Plan that meets the requirements of Section 3.06(a), the new Distribution Option election must be filed no later than the date set forth in Section 3.06(a) applicable to the Incentive Compensation Award Period or Performance Period.