Target Award definition

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).

Target Award means the target award payable under the Plan to a Participant for the Performance Period, expressed as a percentage of his or her Base Salary or a specific dollar amount, as determined by the Committee in accordance with Section 6.

Target Award means target payout amount for an Incentive Award.

Examples of Target Award in a sentence

• The number of PSUs earned by the Participant at the conclusion of the Performance Period will be determined under the following formula subject to Section 5 below: Target Award Opportunity x Financial Performance Factor x TSR Modifier The determination of “Financial Performance Factor” and “TSR Modifier” is set forth below.

• On the basis of the certified level of attainment of the Performance Goals, the number of Shares subject to the Stock Award that are eligible to vest shall be calculated; such amount may be at any level from zero to 200% of the Target Award set forth in Appendix B.

• At the end of the Performance Period set forth in the Grant Notice and subject to the achievement of the performance metrics set forth in the Grant Notice and further referenced in Section 2.3 (the “Performance Metrics”), the Participant shall be entitled to receive that number of shares of common stock equal to (i) the Target Award, multiplied by (ii) the Payout Percentage (as hereinafter defined) (the “Final Award”).

• In the event of Awardee's death prior to the date the Committee has certified in writing that the Performance Goals have been achieved or exceeded (the "Certification Date"), the Awardee's Target Award shall become fully transferable to Awardee's heirs.

• In the event of Awardee's death on or after the Certification Date, the specified percentage of the Target Award determined to have been achieved by the Committee shall become fully transferable to Awardee's heirs.

More Definitions of Target Award

Target Award means the target award payable under the Plan to a Participant for a particular Performance Period, expressed as a percentage of the Participant’s Base Salary. In special circumstances, the target award may be expressed as a fixed amount of cash.

Target Award means a dollar amount calculated by multiplying (i) the designated salary midpoint that corresponds to a Participant’s Salary Points by (ii) the long-term incentive compensation target percent for those Salary Points for the applicable Performance Period, as determined by the Committee. The Target Award is the amount that would be paid to a Participant under this Plan if each Performance Objective is met exactly at target.

Target Award means the product of a Participant's Base Compensation multiplied by said Participant's Target Percentage.

Target Award means the percentage (which may vary among Participants and from Plan Year to Plan Year) of Base Annual Salary which will be paid to a Participant as an Incentive Award if the performance measurement criteria applicable to the Participant for the Plan Year is achieved, as reflected in the Plan Rules for such Plan Year.

Target Award means the target number of Restricted Stock Units that comprise a Participant’s Award for each Performance Measurement Period, as set forth in the Participant’s Award Notice.

Target Award means the number of Restricted Units awarded to you for the Performance Cycle under Section 1 of this Agreement.

Target Award means the target award payable under the Plan to a Participant for the Performance Period as determined by the Committee in accordance with Section 3.3.