Incentive Opportunity definition

Incentive Opportunity means, with respect to a particular Participant Category, incentive award payment amounts, expressed as a percentage of Average Salary, which corresponds to various levels of pre-established Performance Goals, determined pursuant to the Award Schedule.

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Incentive Opportunity means an Award granted under Section 11 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria established for a specified performance period as specified in the Award Agreement.

Incentive Opportunity means, except as otherwise set forth in the applicable Award Agreement, a Grantee’s threshold, target and maximum Incentive Opportunity for a Year; provided that such Incentive Opportunity shall be either (a) to the extent that the Grantee has entered into an employment agreement with the Company, the threshold, target and maximum incentive payment levels, if any, specified in the employment agreement for such Year based on the Grantee’s base salary in effect on the last day of such Year, or (b) if there is no employment agreement in effect between the Company and the Grantee as of the first day of such Year or if the employment agreement does not specify such incentive payment levels, the percentages of such Grantee’s base salary in effect on the first day of such Year (or such later date as such person is designated as a Grantee) as determined by the Committee in its sole discretion within the first ninety (90) days of such Year (or before such later date as such person is designated as a Grantee). With respect to any Grantee whose Cash Incentive Award is not a Qualified Performance-Based Award, such ▇▇▇▇▇▇▇’s Incentive Opportunity may be changed during a Year to reflect changes in compensation or duties during such Year. It is expected that the Cash Incentive Award of such Grantee will be prorated based on the portion of the Year that each level of Incentive Opportunity was in effect with respect to such Grantee.

Examples of Incentive Opportunity in a sentence

Your Target Incentive Opportunity will be subject to review annually for increase but not decrease.
Acxiom shall pay any amounts due to the Cash Incentive Opportunity component of the Severance Payments at the same time such payments are made to Acxiom active employees.
I understand that under the Plan I will receive severance pay equivalent to two (2) times my current base salary plus 100% of my Target Incentive Opportunity (“TIO”) under the Company’s Management Incentive Compensation Plan (“MICP”) as set forth on the “Individual Statement of Severance” that I received from the Company and is incorporated as “Exhibit 1” to this Agreement (my “Severance Pay”).
The opportunity to be granted a Cash Incentive Award shall be evidenced by an Award Agreement or in such form as the Committee may approve, which shall specify the individual’s Incentive Opportunity, the Performance Goals, and such other terms not inconsistent with the Plan as the Committee shall determine.
The incentive payment you receive will be determined by multiplying (a) your Eligible Earnings (base compensation, including vacation and holiday pay, earned during the fiscal year), times (b) your Target Short-Term Cash Incentive Opportunity shown below, times (c) the Company Achievement Percentage, which will be determined by how your business unit performs in «Goals» during the fiscal year.
The Committee shall establish Performance Goals for the Year or Performance Period (which, in either case, may be the same or different for some or all Eligible Persons) and may establish the threshold, target and/or maximum Incentive Opportunity for each Grantee for the attainment of specified threshold, target and/or maximum Performance Goals.
During the term of this Agreement, Executive shall be eligible to participate in the Trico Incentive Bonus Plan, as amended from time to time, and for purposes of such plan, Executive shall be classified as a “Senior Manager” eligible for an Incentive Opportunity Zone with the following target payout multiples (where X” equals the target incentive opportunity as a percentage of annual base salary): a “Threshold Multiple of Target” of 0.25X, a “Target” of .50X and a “Maximum Multiple of Target” of .100X.
The actual amount of the 2012 Incentive Opportunity Award shall be determined based on the success of the transition of his former Chief Executive Officer duties, as determined by the Committee after consultation with Executive, the Chief Executive Officer and the Lead Trustee.
For 2012, Executive shall be entitled during his employment to an Incentive Opportunity Award providing for a payment at Target of 100 percent of his Blended Base Salary (as defined below).
In addition, Employee shall be deemed to have earned the maximum Annual Incentive Opportunity for each fiscal year of the Employer during the remaining term of this Agreement, to be paid in a lump sum, and all Long-Term Incentives will fully and immediately vest and Employee shall be deemed to be retired for purposes of the SERP.

More Definitions of Incentive Opportunity

Incentive Opportunity means, for each Participant, a percentage of Wages, determined by the Administrator, based on actual achievement of the Plan’s Performance Goals within the levels of threshold, target and maximum. The Incentive Opportunity for achievement of the Performance Goals at points between threshold and target or target and maximum will be determined by linear interpolation.