Maximum Award Opportunity definition

Maximum Award Opportunity means an amount equal to a percentage of Base Salary to be awarded to a Participant with respect to a single Performance Period upon achieving the maximum level of performance respecting a Performance Goal as established by the Committee pursuant to Article 5 of the Plan, provided however that no payment to a Participant in respect of any Performance Period under this Plan shall exceed $4 million.
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Maximum Award Opportunity means an amount established annually for each Participant in the Plan which represents the maximum incentive payment which may be given under the Plan to that Participant for performance during the Plan Year.
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Maximum Award Opportunity means an amount equal to a percentage of Base Salary to be awarded to a Participant with respect to a single Performance Period upon achieving the maximum level of performance respecting a Performance Goal as established by the Committee pursuant to Section 5 of the Plan. In no event, however, shall a Participant who is a Covered Employee receive payment under all Awards with Performance Periods ending within a single fiscal year of the Company in excess of $10 million.
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Examples of Maximum Award Opportunity in a sentence

  • The Award will then be determined subject to the ROIC metric and the TSR metric defined below, and the MD&CC’s discretion to adjust the Award below the Maximum Award Opportunity.

  • We are guided by several fundamental beliefs regarding the problem of sexual misconduct in the university setting and the proper means of investigating and adjudicating complaints.First, we fully recognize the problem of sexual assaults and sexual harassment on college campuses.

  • The Maximum Award Opportunity, as determined by the MD&CC, will be available at the end of the Performance Period, if the Company meets or exceeds a two-year cumulative EPS threshold of $5.26 adjusted to eliminate the after-tax effects of any charges that may be excluded when determining Performance Measures under the Plan.

  • COMPONENT AWARD OPPORTUNITY - 25% of the Maximum Award Opportunity.

  • Registry and transfer agency services and all Unitholder servicing requirements are also arranged by the Manager.

  • The Committee shall make a determination as soon as practicable following the completion of each applicable Performance Period, or such portion of the applicable Performance Period as the Committee shall determine, whether the Performance Goal(s) have been achieved and the amount of the Award payment for each Participant, provided, however, that in no event will an Award payment payable under this Plan exceed the Maximum Award Opportunity.

  • The Performance Goals may include a threshold level of performance below which no Award payment shall be earned, target levels of performance at which specific Award payments will be earned, and a maximum level of performance at which the maximum level of Award payment will be earned, provided, however, that no such maximum level of Award payment in respect of any Performance Period shall exceed the Maximum Award Opportunity.

  • Termination of this Agreement shall be deemed effective upon full payment of all amounts owed by either party hereunder.

  • Operating cash flow and operating profit/margin can be generally understood as follows:*** This metric may be expressed as a percent of revenues or as a dollar amount, depending on your business unit matrix.Maximum and Target:The Maximum Award Opportunity for Participants in the Plan is 200% of the Target Award Amount.

  • The proposed curriculum is modeled to frame the NASPE-NASSM Content Standards for undergraduate Sport marketing and administration programs.


More Definitions of Maximum Award Opportunity

Maximum Award Opportunity means the amount attributable to the Performance Unit value if the Company achieves or surpasses a defined “maximum” result for a particular performance goal for the applicable Performance Cycle.
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Related to Maximum Award Opportunity

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

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.