Objective Award definition

Objective Award means the amount determined by multiplying a Participant’s base salary at the beginning of the Measurement Period, by the Percentage Weighting applicable for the Objectives, by the Performance Percentage for the Performance Level achieved, and by the Target Incentive Award Percentage.
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Examples of Objective Award in a sentence

  • Staff PresentationE N G I N E E R I N G D E P TATION NAMEDBOONES FERRY ROAD –Construction ContractM a y 2 1 , 2 0 1 9 Today’s Objective Award a Public Improvement Contractto Wildish Standard Paving Co.

  • Objective: Award professional consulting services for hydraulic analysis and new reservoir tank evaluation within Pressure Zone No. 1.Action Required: Authorize the General Manager to negotiate a contract and issue a purchase order to MNS Engineers, Inc., in an amount not to exceed $34,880, to provide professional engineering services to develop a hydraulic analysis and evaluate the future expansion of a storage reservoir in Pressure Zone No. 1.

  • Objective: Award a contract for the design of two new emergency standby generators and diesel fuel tanks.Action Required: Authorize the General Manager to:1) Award a contract to Perliter & Ingalsbe Consulting Engineers for the design of two new generators and fuel tanks for the Round Mountain Water Treatment Plant (RMWTP) and University Well site, in the amount of $29,828.00; and2) Amend the design contract by up to $5,000.00 (approximately 16% of the contract amount), if necessary.

  • The total contract value of the proposal in monetary terms.Payment terms.Proposed Award Criteria Objective: Award the best submission to provide the required equipment for the interim DCL system 1.Technicalcriteria2.

  • The decision of the Board of Directors regarding such disputes is final.Board MemorandumJanuary 30, 2020 To: General Manager From: Terry Curson, District Engineer Subject: Potable Water System Distribution Hydraulic Model Development Objective: Award professional engineering services to develop a comprehensive potable water system hydraulic model.

  • The flexibility of creating split tax rates is limited to residential property; as tax rates for non-residential property are limited to two by the provincial government.

  • Objective: Award grants to owners of lawful nonconforming residential properties to return the property to a lawful conforming state.

  • Objective: Award professional consulting services for various improvements to Reservoir 1B Communication Facility.Action Required: It is recommended that the Board of Directors authorize the General Manager to award a contract to Cannon Corp Engineers for design of various site improvements to the Reservoir 1B Communication Facility in the amount of $70,752.00.

  • Board MemorandumAugust 30, 2018 To: General Manager From: Terry Curson, District Engineer Subject: CamSan Interconnection Recycled Waterline, Specification No. RW 18‐02 (Phase 1) Objective: Award a contract for the construction of a new 18‐inch recycled waterline from Camarillo Sanitation District’s (CamSan) connection point to Camrosa’s non‐potable storage pond facility.

  • Objective Award Fee Pools Award Fee Approved PBIs can be found in Section VIII, Performance Based Incentives (PBI).

Related to Objective Award

  • 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 Award means any right granted under Section 6(d) of the Plan.

  • Cash Award means an award denominated in cash.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles and (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • 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.

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.