Performance Incentive Award definition

Performance Incentive Award. A program instituted by the Department that rewards or penalizes managed care organizations with possible incentive payments based upon the quality of care received by Virginia’s Medicaid/CHIP members. “Person-Centered Planning” A process, directed by an individual or his or her family/caregiver, as appropriate, intended to identify the needs, strengths, capacities, preferences, expectations, and desired outcomes for the individual. “Person with Ownership or Control Interest” In accordance with 42 CFR 455 Subpart B, means a person or corporation that owns, directly or indirectly, five (5) percent or more of the Contractor’s capital or stock or received five (5) percent of the total assets of the Contractor in any mortgage, deed of trust, note, or other obligation secured in whole or in part by the Contractor or by its property or assets, or is an officer, director, or partner of the Contractor.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Performance Incentive Award. A program instituted by the Department that rewards or penalizes managed care organizations with possible incentive payments based upon the quality of care received by Virginia’s Medicaid/CHIP members. “Person-Centered Planning” A process, directed by an individual or his or her family/caregiver, as appropriate, intended to identify the needs, strengths, capacities, preferences, expectations, and desired outcomes for the individual. “Person with Ownership or Control Interest” In accordance with 42 C.F.R. 455 Subpart B, means a person or corporation that owns, directly or indirectly, five (5) percent or more of the Contractor’s capital or stock or received five (5) percent of the total assets of the Contractor in any mortgage, deed of trust, note, or other obligation secured in whole or in part by the Contractor or by its property or assets, or is an officer, director, or partner of the Contractor. “Pharmacy Benefit Manager (PBM)” An entity responsible for the provision and administration of pharmacy services. “Physician Incentive Plan” Any compensation arrangement to pay a physician or physician group that may directly or indirectly have the effect of reducing or limiting the services provided to any plan member.

Performance Incentive Award means amounts awarded pursuant to Article VI hereof.

Examples of Performance Incentive Award in a sentence

Performance Incentive Award Plan (the “PIAP”) will not vest on the Demerger, will not be exchanged and will continue on their original terms including the terms relating to performance conditions, vesting and holding periods and the application of malus and/or clawback.
This Officer Performance Incentive Award Agreement (this “Award Agreement”) sets forth the terms and conditions of the Performance Award (the “Award”) granted to you by the Governance and Compensation Committee (the “Committee”) of the Board of Directors of Paychex, Inc.
Mylan US shall pay Chairman the full amount of the unpaid Cash Performance Incentive Award within three (3) business days of such cessation.
As additional consideration, within ten (10) Business Days of determination of the Performance Schedule as provided in Section 2.8, Buyer shall pay to Seller the Performance Incentive Award.
The Performance Incentive Award shall be paid to an account designated by Seller, by wire transfer in immediately available funds.
This 2009-2010 Officer Performance Incentive Award Agreement (this “Award Agreement”) sets forth the terms and conditions of the Performance Award (the “Award”) granted to you by the Governance and Compensation Committee (the “Committee”) of the Board of Directors of Paychex, Inc.
Actual net energy savings for each program year will be determined through the EM&V, the annual application of net-to-gross shall follow the process described in Appendix B, with the sum of the three years' actual net energy savings to be used to determine the amount of the Performance Incentive Award.
During the Employment Period, Employee shall be entitled to annual incentive compensation pursuant to the terms of, the Corporation’s Annual Performance Incentive Award Plan and the Corporation's 1995 Stock Incentive Plan, and any amount awarded to Employee under such plans shall be paid to Employee in accordance with the provisions of such plans.
The cumulative net MWh determined through EM&V to have been saved as a result of the MEEIA Programs will be used to determine the amount of Ameren Missouri's Performance Incentive Award, with the cumulative net MWh performance achievement level (expressed as a percentage) being equal to cumulative net MWh savings determined through EM&V divided by Ameren Missouri's total targeted MWh (which is the cumulative annual net MWh savings in the third year of the three-year Plan period).
Employee shall not be eligible to participate in any additional Performance Incentive Award program for 2011.

More Definitions of Performance Incentive Award

Performance Incentive Award means a dollar amount determined in accordance with the following steps:

Performance Incentive Award means the sum of a eighteen month annuity (using the Time-Value Adjustment Factor, not discounting the first period) of a percentage of EM&V-NSB as described below.

Performance Incentive Award means the sum of a two-year annuity (using 6.95% as a discount rate and not discounting the first period) of a percentage of EM&V-NSB as described below and further described in paragraph 5.b.ii and Appendix B of the Stipulation:

Performance Incentive Award means the sum of a two-year annuity (using 6.95%