Target Incentive Award definition

Target Incentive Award means the award to be paid to a Participant when performance measures are achieved, as established by the Committee.

Target Incentive Award means the incentive compensation amount, or formula to determine such amount, to be paid to Participants when the Performance Criteria designated as the “100% Award Level” are met, as established by the Committee for a Performance Period.

Target Incentive Award means the targeted level of cash compensation underlying an Award granted to a Participant for a Performance Period, calculated in accordance with Section 5 of the Plan.

Examples of Target Incentive Award in a sentence

• As soon as practicable after the establishment of the Target Incentive Award and Performance Goals, each Participant shall be notified in writing of such Target Incentive Award and the corresponding Performance Goals.

• The Target Incentive Award, or a greater or lesser amount, will be earned at the end of the plan year based on the attainment of predetermined goals.

• Subject to the terms of Article 8 herein, Final Award amounts may vary above or below the Target Incentive Award, based on the level of achievement of the pre-established corporate, segment, group, divisional, and/or individual performance goals.

• Each performance goal range shall include a level of performance at which one hundred percent (100%) of the Target Incentive Award shall be earned.

• Any and all exceptions to the Target Incentive Award must be pre-approved by the Committee.

More Definitions of Target Incentive Award

Target Incentive Award means the award that may be paid to an Executive Officer when “targeted” performance results, as established by the Committee, are attained.

Target Incentive Award means the target bonus award level each Participant is eligible to receive and which is equal to a percentage of Earned Wages for such Participant.

Target Incentive Award means the target award to be paid to a Participant when target performance goals are achieved, as established by the Committee. For an individual, the Target Incentive Award is typically expressed as a percentage of the individual’s Base Salary.

Target Incentive Award with respect to an Award means the amount obtained by multiplying (i) the Participant’s Eligible Wages, by (ii) such Participant’s Target Incentive Award Percentage as in effect at the end of the Performance Period applicable to such Award.

Target Incentive Award means the amount determined by multiplying a Participant's base salary as of the last day of the applicable Incentive Period by a percentage designated by the Committee in its sole discretion at the time the award is granted, which percentage need not be the same for each Participant.

Target Incentive Award means a target award amount established by the Committee for each Participant for a Performance Period, which will be equal to a stated dollar amount or a specified percentage of the Participant’s Base Salary, as determined in the sole discretion of the Committee.

Target Incentive Award means the amount that would be earned if BKMU and the individual achieved predetermined performance goals.