Target Award Percentage means the percentage of Base Salary determined by the Committee to reflect an appropriate incentive for each Participant based on the Participant’s responsibilities, opportunity and authority to affect overall financial results.
Target Award Percentage means with respect to any Performance Period, the percentage of the Key Associate’s Base Salary that the Key Associate would earn as an Award for that Performance Period if the targeted level of performance was achieved for each of the Performance Measures for that Key Associate for the Performance Period.
Target Award Percentage means the targeted percentage of Base Salary for the salary band level, as established by the Committee and set forth on Exhibit II, used to calculate the amount of the Participant’s incentive compensation award in accordance with Sections 6.A and 6.B.
Examples of Target Award Percentage in a sentence
First, a total Target Award is calculated by multiplying the Plan Participant’s base salary by the Target Award Percentage.
These individuals are referred to as "Designated Participants." Upon selection to participate in the Plan, each Designated Participant will be assigned a Target Award Percentage.
A Participant’s Target Award Percentage for any given Incentive Plan Year will be based on his or her job classification as of December 31 of such Incentive Plan Year.
This Target Award Percentage, multiplied by the Participant's Base Salary earned during the Plan Year, will equal the Participant's Target Award.
For the NEOs, the 2011 AIP potential payment for the period prior to the spin-off will be calculated as follows: 2011 AIP Potential Payout = Annual Base Salary Rate x Target Award Percentage of Base Salary x Results of Total Value Center Performance interpolated up to 200% for performance above goal, subject to negative discretion.
More Definitions of Target Award Percentage
Target Award Percentage means a percentage of Base Salary assigned to a Designated Participant in accordance with the provisions of the Plan.
Target Award Percentage means a Participant’s Target Award expressed as a percentage of Base Salary. This Percentage, which is determined as of the beginning of the Plan Year, may be changed during the Plan Year to reflect any promotion of a Participant during the Plan Year.
Target Award Percentage means the applicable percentage specified in the footnote to the Performance Table for each year in the Performance Period.
Target Award Percentage means a percentage designated by the Administer in its sole discretion at the beginning of the Measurement Period, which percentage need not be the same for each Participant.
Target Award Percentage means the applicable Target Award Percentage set forth on Schedule B; provided, that, if a Participant (other than Participants eligible to receive an Award designated as "qualified performance-based compensation") held more than one position during the Performance Period, then the Committee may designate different Target Award Percentages with respect to each position and the Award will be pro-rated to reflect (to the nearest bi-weekly increment) the period during which such Participant had each Target Award Percentage.
Target Award Percentage means with respect to any Performance Period, the percentage of the Key Associate’s Base Salary that the Key Associate would earn as an Award for that Performance Period if the targeted level of performance was achieved for each of the Performance Goals for that Key Associate for the Performance Period. Unless otherwise specified prior to the Performance Period (or, if later, at the time of the Key Associate’s participation in the Plan), Target Award Percentages will be determined by the Committee or the Administrator, as applicable, and in no event will exceed 50% of base salary for any Key (As amended and restated as of January 1, 2008) Associate.
Target Award Percentage means with respect to any Performance Period, the percentage of the Key Associate’s Base Salary that the Key Associate would earn as an Award for that Performance Period if the targeted level of performance was achieved for each of the Performance Goals for that Key Associate for the Performance Period. Unless otherwise specified prior to the Performance Period (or, if later, at the time of the Key Associate’s participation in the Plan), Target Award Percentages will be based on a Key Associate’s grade level as follows: Notwithstanding the foregoing, if any Key Associate held more than one grade level during the Performance Period, then the Committee may designate different Target Award Percentages with respect to each grade level and the Award will be pro-rated to reflect (to the nearest semi-monthly increment) the period during which such Key Associate had each Target Award Percentage.”