Nonemployee Director means a Director who is not an Employee.
Nonemployee Director Award means any Award granted to a Nonemployee Director.
Director Option means an Option granted pursuant to Section 6.
Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.
Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.
Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.
Deferred member means a person who elected to receive deferred vested retirement
Bonus Award means a bonus award made pursuant to Section 9.
Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;
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 Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).
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.
Plan Year means the calendar year.
Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).