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

• To ensure management remained incentivised to deliver outstanding results for shareholders, the Target Award Opportunity was adjusted upwards by the amount of TFR forgone, such that total compensation (TFR and TIP) for the CEO and CFO would equate to what could have been earned in 2017 if targets had been met.

• The Company shall pay to the Executive (or in the case of Executive’s death, Executive’s designated beneficiary, surviving spouse, or estate (as applicable)) such Annual Bonus in a lump sum as soon as practicable, and no later than March 15th of the year following the year to which such Annual Bonus relates, and shall also pay the pro-rata share of the Target Award Opportunity in a single lump sum no later than the 60th day following termination of the Executive’s employment.

• The assessment of the CFO’s, COO’s and CLO’s STIP award performance for 2020 was done by the CEO, the Compensation and Benefits Committee and the Board.Annual STIP payments made to the NEOs are calculated using the following formula: STIP Payment Base Salary Target Award Opportunity Weighted (*) Corporate Score Weighted Personal Score(*) Weighted Corporate Score is provided by Turquoise Hill for all NEO’s whilst directly employed by the Corporation.

• Name of Executive Target Award Opportunity (1) Payment of the cash incentive award will be made in April 2022.(2) Mr. Tattoli became an executive officer in August 2021.

• Actual grants may vary from these targets based on a variety of factors such as individual performance and the importance of retaining the senior officer ("Adjusted Target Award Opportunity").

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 a Performance Period, expressed as a dollar amount or as a percent of Base Salary, that would be payable for such Performance Period if the “target” level Performance Goals were achieved and no negative discretion was exercised by the Committee in regard to that target incentive opportunity.

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 attributable to the Performance Unit value if the Company achieves the defined “target” result for a particular performance goal for the Performance Cycle.

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 the percentage of Base Salary that may be earned by a Participant if target performance goals are achieved at the end of the Performance Period. The Target Award Opportunity is designated by the Committee at the beginning of the Performance Period for a particular position or individual and may be adjusted from Performance Period to Performance Period.