Performance Award Amount definition

Performance Award Amount shall have the meaning set forth in Section 2.3(a).

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Performance Award Amount means (A) with respect to any outstanding Performance Award for which the performance period has ended as of immediately prior to the Effective Time, (1) in the case of a share-settled Performance Award, the number of shares of Company Common Stock that would be delivered to the holder of such Performance Award, or (2) in the case of a cash-settled Performance Award, the number of shares of Company Common Stock that would be deemed deliverable to the holder for purposes of calculating the cash payment due under such Performance Award, in each case of the foregoing clauses (1) and (2), based on the actual achievement of the performance goals applicable to such Performance Award, as reasonably determined by the Board (or a committee thereof) prior to the Effective Time, and assuming the satisfaction of all other conditions to such delivery, and (B) with respect to any outstanding Performance Award for which the performance period has not ended as of immediately prior to the Effective Time, (1) in the case of a share-settled Performance Award, the number of shares of Company Common Stock subject to such Performance Award that would be delivered to the holder of such Performance Award, or (2) in the case of a cash-settled Performance Award, the number of shares of Company Common Stock that would be deemed deliverable to the holder for purposes of calculating the cash payment due under such Performance Award, in each case of the foregoing clauses (1) and (2), based on deemed satisfaction of the performance goals applicable to such Performance Award for such incomplete performance period at the target level, and in each case, assuming the satisfaction of all other conditions to such delivery. As of the Effective Time, all Accumulated Dividends, if any, accrued but unpaid with respect to Performance Awards shall, by virtue of the Merger and without any action on the part of a holder thereof, automatically become fully vested and be paid to such holder.

Performance Award Amount means the total cash amount or cash equivalent earned by a Participant under an Eligible Performance Award upon the achievement of certain performance criteria set forth in the Performance Award Agreement related thereto.

Examples of Performance Award Amount in a sentence

Subject to Section 2(c), any such determinations to award a Performance Award Amount in respect of a Fiscal Year shall not create or imply any obligation to award a Performance Award Amount for any other Fiscal Year.
In no event may the Performance Award Amount with respect to any Performance Year during the Term exceed $5,000,000.
All decisions relating to any Performance Award Amounts, including, without limitation, whether any Performance Award Amount will be granted to the Limited Partner for any particular fiscal year, and the amount of any such Performance Award Amount, if any, for such fiscal year, shall be determined in the sole discretion of the Compensation Committee of the Board of Directors of Och-Ziff (the "Compensation Committee") based on recommendations by ▇▇▇▇▇▇ ▇.
Subject to Sections 2(c) and (d), any such determinations to award a Performance Award Amount in respect of a Fiscal Year shall not create or imply any obligation to award a Performance Award Amount for any other Fiscal Year.
Any such recommendations or determinations to award a Performance Award Amount in respect of a fiscal year shall not create or imply any obligation to award a Performance Award Amount for any other fiscal year.
In order to be eligible for any portion of the Performance Award Amount in respect of any Fiscal Year, the Limited Partner shall not have ceased to be an Active Individual LP, in each case as of the applicable distribution date and must not have provided notice of the Limited Partner’s intention to become subject to a Withdrawal pursuant to clause (C) (Resignation) of Section 8.3(a)(i) of the Limited Partnership Agreement (a “Withdrawal due to Resignation”) on or before such date.
Och, the Partner Management Committee), such determinations and recommendations to be based on any considerations they determine to be appropriate, including but not limited to, the amount of aggregate distributions by the Operating Partnerships made to the Limited Partner with respect to such fiscal year, and any such determination shall be final, provided that the maximum Performance Award Amount for 2015 shall be $1,500,000 and the maximum Performance Award Amount for 2016 shall be $2,000,000.
Except to the extent otherwise provided in this Agreement, the Company shall pay ▇▇▇▇▇▇▇▇▇ the Performance Award Amount in cash or, pursuant to the ▇▇▇▇▇▇▇▇▇▇▇ Holdings Inc.
Executive Deferred Compensation Plan (the "Plan") to defer payment of all or a portion of a Performance Award Amount, such deferred portion (together with interest and earnings thereon as determined pursuant to the terms of the Plan) to be paid at the time and in the manner provided under the Plan.
In no event may the Performance Award Amount with respect to any Performance Year during the Term exceed $10,000,000.

More Definitions of Performance Award Amount

Performance Award Amount means the amount of performance-based compensation determined pursuant to the terms of a Performance Award.

Performance Award Amount has the meaning set forth in Section 2.7(c).

Performance Award Amount means the amount of performance-based compensation determined pursuant to the terms of a Performance Award. (d) Performance Year means a calendar year during the Term.

Performance Award Amount means 10% of the Excess Shareholder Value; provided, however, that in no event shall the dollar value of the Performance Award Amount exceed the product of (x) 1,400,000 shares of Common Stock (subject to adjustment as provided in Section 11.3 of the Plan), and (y) the Fair Market Value (as defined in the Plan) on the date the Performance Award (or portion thereof) becomes vested.