Tentative Award definition
Examples of Tentative Award in a sentence
If no objections are filed, the Tentative Award will become final without further action by the parties or arbitrator.
Within thirty (30) days after the filing of objections, the arbitrator will either make the Tentative Award final or modify or correct the Tentative Award, which will then become final as modified or corrected.
Within 15 days after the Tentative Award has been served or announced, any party may serve objections to the Tentative Award.
At the end of the Performance Period, your Tentative Award will be adjusted by multiplying (a) half of your Tentative Award by a percentage determined by reference to the Consolidated Revenue Growth (excluding Trucking and LTL Fuel Surcharge) CAGR target measurement table and (b) the other half of your Tentative Award by a percentage determined by reference to the Adjusted EPS CAGR target measurement table, both target measurements tables are attached hereto as Exhibit A.
Performance Unit Tentative Award Performance Period BeginningDate Performance Period Expiration Date Vesting Date Performance Matrix Your tentative award of Performance Units (the “Tentative Award”) is determined by dividing the dollar award amount the Committee establishes for you by the market value of the Company’s Stock as of the Grant Date.
Within ten (10) days after the Tentative Award has been served or announced, any party may serve objections to the Tentative Award.
After the rankings are finalized, your Pre-Peer Adjustment Award under this Agreement (the “Pre-Peer Adjustment Award”) will be determined as follows: (1) half of your Tentative Award will be multiplied by the percentage based on the Company’s ranking in the Total Revenue Growth Rankings Table attached hereto as Exhibit A; and (2) half of your Tentative Award will be multiplied by the percentage based on the Company’s ranking in the RONTA Rankings Table, attached hereto as Exhibit A.
At the end of the Performance Period, your Tentative Award may be increased or decreased based on the relative rank of the Company’s Total Revenue Growth Rate and the Company’s Return On Net Tangible Assets (RONTA) compared a peer group consisting of five (5) other trucking companies identified in Exhibit A (the “Peer Group") that have a comparable business focus to that of the Company.
After the rankings are complete, your Tentative Award is multiplied by the percentage shown at the intersection of the two CAGR and RONTA rankings on the Relative Performance Matrix, attached hereto as Exhibit A.
If the contract is to be awarded, the CITY will give the SUCCESSFUL BIDDER a Notice of Tentative Award within one hundred twenty (120) calendar days after the day of the Bid opening.