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 Wages Earned 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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Examples of Maximum Award Opportunity in a sentence

  • Notwithstanding any other provision of the Plan, the Committee shall have the discretion to adjust or eliminate awards within any Participant's Maximum Award Opportunity.

  • 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.

  • The Committee shall have full discretionary power and authority to determine the amount of any and all Awards, to administer and interpret the Plan, determine all factual and legal questions under the Plan (including but not limited to eligibility for and the amount, terms and conditions of any Threshold, Target or Maximum Award Opportunity).

  • Your Maximum Award Opportunity does not include awards under any other bonus arrangement.

  • 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.

  • During April of 2020, you will receive an RSP Award certificate that formally grants you a “conditional award” with the following terms and conditions: • Your RSP Award will grant you the conditional right to receive a number of Prudential plc ADRs determined by dividing 40% of your Maximum Award Opportunity by the ADR market price at the relevant time, as determined by the Committee.

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

  • 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.

  • Six levels of participation in the Plan are hereby established and a designated Maximum Award Opportunity has been established for each level.

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


More Definitions of Maximum Award Opportunity

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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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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • 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.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;