Target Award Opportunity definition

Target Award Opportunity means the percent of Base Salary to be awarded to each Participant in the Plan upon achievement of 100 percent of the Performance Goals at 100 percent performance attainment established within the Performance Criteria of the Plan.

Target Award Opportunity means the award that may be earned during a Performance Period for achieving target performance levels under each Performance Measure.

Target Award Opportunity means the target award opportunity specified in the participant’s Award Agreement, as determined by the Board or the Committee.

Examples of Target Award Opportunity in a sentence

• The Participant understands that the Company may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title and Target Award Opportunity for the purpose of implementing, administering and managing the Participant’s Award (the “Data”).

• Fifty percent (50%) of your Target Award Opportunity will be determined by the Company’s two-year TSR growth rate (the “TSR Value”) compared to the two-year TSR growth rates of each of the companies in the TSR Peer Group other than the Company.

• Your actual award will be paid as a percentage of your Target Award Opportunity, as determined pursuant to Paragraph 2 below (the “Award”).

• The amount of an Award earned by the Participant shall be determined by multiplying the Salary times the Target Award Opportunity times the Achievement Factor applicable to the Participant for the Year.

• Subject to the Plan and this Agreement, the number of Performance Shares earned by the Participant for the Performance Period shall equal the product of (a) and (b) where (a) is equal to the Participant’s Target Award Opportunity and (b) is equal to the percent of Target Award Opportunity earned as determined in Section 5 above.

More Definitions of Target Award Opportunity

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined by the Committee in accordance with Section 162(m) of the Code. A Target Award Opportunity constitutes a conditional right to receive a Bonus Award.

Target Award Opportunity means the amount of the Incentive Award expressed as a percentage of a Participant’s Base Salary or an amount that a Participant will be eligible to receive if the relevant Performance Objectives have been attained at designated target performance levels.

Target Award Opportunity means a Participant’s target incentive opportunity for the Performance Period, expressed as a dollar amount or as a percent of Base Salary.

Target Award Opportunity means the amount that would be used to calculate either a credit to a Participant’s Award Bank or a cash payment based upon target levels of performance achievement over the Performance Period.

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined in accordance with Exhibit A hereof, which is incorporated herein and forms a part of the Bonus Plan, and subject to such additional requirements as the Committee may impose. A Target Award Opportunity constitutes a conditional right to receive a Bonus Award.

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined by the

Target Award Opportunity means, for any Participant, a percentage of the Participant’s base salary on the grant date.