Run Rate Cost Savings definition

Run Rate Cost Savings means the annualized net cost savings achieved in connection with, or as a result of, the Merger, as determined by the Committee in its sole discretion. This Special Transaction Incentive Performance Cash Award Agreement, entered into the 5th day of March, 2024 and effective as of the Date of Grant (as defined below), is between Hilton Grand Vacations Inc., a Delaware corporation (the “Company”), and the Participant (as defined below).
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Run Rate Cost Savings means the annualized net cost savings achieved in connection with, or as a result of, the Merger, as determined by the Committee in its sole discretion.
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Run Rate Cost Savings means the annualized net cost savings achieved in connection with, or as a result of, the Merger, as determined by the Committee in its sole discretion. Form for Mark ▇▇▇▇ ▇▇▇CIAL TRANSACTION INCENTIVE PERFORMANCE CASH AWARD AGREEMENT HILTON GRAND VACATIONS INC. 2023 OMNIBUS INCENTIVE PLAN This Special Transaction Incentive Performance Cash Award Agreement, entered into the 5th day of March 2024 and effective as of the Date of Grant (as defined below), is between Hilton Grand Vacations Inc., a Delaware corporation (the “Company”), and the Participant (as defined below).
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Examples of Run Rate Cost Savings in a sentence

  • In the event of an acquisition or disposition of any business, line of business or assets by the Company, the Committee shall in good faith and in such manner as it may deem equitable adjust the performance goals and/or the calculation of Adjusted EBITDA and Run Rate Cost Savings to reflect the projected effect of such transaction(s) or event(s), and, notwithstanding Section 20 of this Agreement and Section 13(b) of the Plan, any such adjustment(s) shall not require the consent of the Participant.

  • All determinations made with respect to Run Rate Cost Savings shall be made by the Committee in its sole discretion and the Performance Condition shall not be achieved and the Performance Cash shall not vest unless and to the extent that the Committee certifies, either at a meeting of the Committee or by unanimous written consent, that such Performance Condition has been met.

  • In the event of an acquisition or disposition of any business, line of business or assets by the Company, the Committee shall in good faith and in such manner as it may deem equitable adjust the performance goals and/or the calculation of Run Rate Cost Savings to reflect the projected effect of such transaction(s) or event(s), and, notwithstanding Section 16 of this Agreement and Section 13(b) of the Plan, any such adjustment(s) shall not require the consent of the Participant.

  • The total number of RSUs which become vested based on the achievement of Adjusted EBITDA performance levels shall be equal to (x) the target number of RSUs multiplied by (y) a relative weighting component equal to fifty percent (50%), multiplied by (z) the Achievement Percentage determined based upon the applicable Adjusted EBITDA Position for the Performance Period as follows, and rounded down to the nearest whole Share: Below Threshold 0% Threshold 50% Target 100% Maximum 200% • Run Rate Cost Savings.

  • The percentage of the Accelerated Performance Cash Award which may become vested shall be equal to (x) the target dollar value of the Accelerated Performance Cash Award specified above multiplied by (y) the Achievement Percentage determined based upon the applicable Run Rate Cost Savings Position for the Accelerated Performance Period as follows: Below Threshold 0% Threshold 50% Target 100% Maximum 200% • Continued Employment or Service.

  • All determinations made with respect to Run Rate Cost Savings and Adjusted EBITDA shall be made by the Committee in its sole discretion and the applicable Performance Conditions shall not be achieved and the RSUs shall not vest unless and to the extent that the Committee certifies that such Performance Conditions have been met.

  • In the event of an acquisition or disposition of any business, line of business or assets by the Company, the Committee shall in good faith and in such manner as it may deem equitable adjust the performance goals and/or the calculation of Run Rate Cost Savings to reflect the projected effect of such transaction(s) or event(s), and, notwithstanding Section 20 of this Agreement and Section 13(b) of the Plan, any such adjustment(s) shall not require the consent of the Participant.

  • The percentage of the Accelerated Performance Cash Award which may become vested shall be equal to (x) the target dollar value of the Accelerated Performance Cash Award specified above multiplied by (y) the Achievement Percentage determined based upon the applicable Run Rate Cost Savings Position for the Accelerated Performance Period as follows: Level of Achievement Run Rate Position Percentage of Award Earned Below Threshold 0% Threshold 50% Target 100% Maximum 200% • Continued Employment or Service.

  • All determinations made with respect to Run Rate Cost Savings and Adjusted EBITDA shall be made by the Committee in its sole discretion and the applicable Performance Conditions shall not be achieved and the RSUs shall not vest unless and to the extent that the Committee certifies, either at a meeting of the Committee or by unanimous written consent, that such Performance Conditions have been met.