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

  • Certain decisions that your Company must make should be determined by unanimous consent of your members even if the day to day operations are majority vote.

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

  • 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.

  • 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.


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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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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