Target Annual Incentive Award definition

Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the year in which the Participant’s Date of Termination occurs (or, if greater, for the year before the year of termination); provided, however, that in the event no target Annual Incentive Award has been established for the Participant for either the year of termination or the year before the year of termination, “Target Annual Incentive Award” shall mean the average Annual Incentive Award paid to the Participant for the three most recent years before the year of termination.
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Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the fiscal year in which the Participant’s Date of Termination occurs (or, if greater, the Participant’s target Annual Incentive Award immediately preceding the Change in Control); provided, however, that in the event no target Annual Incentive Award has been established for the Participant for either the fiscal year of termination or the period immediately preceding the Change in Control, “Target Annual Incentive Award” shall mean the average Annual Incentive Award paid to the Participant for the three most recently completed fiscal years before the year of termination.
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Target Annual Incentive Award means your target Annual Incentive Award (if any) for the year in which your termination of employment occurs.
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Examples of Target Annual Incentive Award in a sentence

  • Incentive Payments - Incentive payments, if any, are based on a specified percentage of the Participant’s base salary on the last day of the fiscal year, in accordance with the Incentive Payout Percentages shown on Appendix I, and subject to the Less Than Full Performance Period and Terms and Conditions sections under the Plan.• Target Annual Incentive Award: The “Target” incentive Award is 25% of base salary.

  • The Target Annual Incentive Award shall be equal to one hundred percent (100%) of the Executive’s then current annual Base Salary (with the Board or the Compensation Committee having the option of granting a Target Annual Incentive Award in excess of such amount), contingent upon performance of stipulated goals of the Company established jointly by the Board and the Executive.

  • Adequate road maintenance can be costly but is essential to avoid environmental and socio-economic problems.

  • Plush, Palacios and Capriles, expressed as a percentage of their base salary and as a dollar amount, is detailed in the following table: Target Annual Incentive Award (as a% of Base Salary) Target Annual Incentive Award ($)Gerald P.

  • If the Executive’s employment terminates due to either a Without Cause Termination or a Constructive Discharge (as defined later in this Agreement), the Company will pay the Executive in a lump sum upon such Termination or Constructive Discharge an amount equal to the sum of (i) one hundred percent (100%) of his Base Salary as in effect at the time of such termination, plus (ii) one hundred percent (100%) of the Target Annual Incentive Award for the year of such termination.

  • Target Annual Incentive Award OpportunitiesFor purposes of the fiscal 2021 performance-based incentive awards, each of our NEOs was assigned a target annual incentive award opportunity based upon a percentage of his or her base salary.

  • SMTs are mandated to make sure that the management of schools is conducted in a more democratic, inclusive and participatory fashion.

  • For 2009, the Compensation Committee has established the Target Annual Incentive Award for the EVP and Chief Financial Officer with a Threshold payout of 40% of Base Salary; Target payout at 80% of Base Salary; and Excellent payout of 160% of Base SalaryFor 2009, the Compensation Committee added absolute stock price performance as an additional external performance measure.

  • Threshold amounts represent the minimum amount payable of 50% of the Target Annual Incentive Award for each NEO.


More Definitions of Target Annual Incentive Award

Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the year in which the Participant’s Date of Termination occurs.
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Target Annual Incentive Award means your target Annual Incentive Award (if any) for the year in which your termination of employment occurs.  Section 280G of the Code: In the event that any payments or benefits to you
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Target Annual Incentive Award means an Eligible Employee’s target annual cash incentive award opportunity under the annual incentive plan of the Company or its Subsidiaries in which such Eligible Employee participates as of immediately prior to the Date of Termination for the fiscal year of the Company in which the Date of Termination occurs, or if the target annual cash incentive award opportunity for such fiscal year has not been established as of the Date of Termination, the Eligible Employee’s target annual cash incentive award opportunity as in effect for the completed fiscal year immediately prior to the Date of Termination.
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Target Annual Incentive Award means, with respect to a fiscal year of the Company and a Participant, the amount determined pursuant to Section 3 below.
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Target Annual Incentive Award means Participant’s target annual cash incentive bonus award as determined at the start of the Company’s fiscal year in which the Change of Control (as defined in paragraph (g)(ii) of Exhibit A) occurs.
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Target Annual Incentive Award means Participant's target annual cash incentive bonus award as determined at the start of the Company's fiscal year in which the Change of Control occurs.
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Related to Target Annual Incentive 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).

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Bonus means the bonus described in the Section 2.3.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • 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.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • 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.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Payout means that time at which cash distributions have been made by the Limited Partnership to the Unit Holders (together with their predecessors in interest) pursuant to Section 5.1 of the Limited Partnership Agreement (together with any distributions to such Unit Holders pursuant to Section 3.3 of the Limited Partnership Agreement), in an aggregate amount equal to the Unit Holders' Subscriptions to the Limited Partnership.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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