Track A Award definition

Track A Award is a combination of a Track A Liquidated Award, a Track A Tax Award, and a Track A Loan Award, if applicable. A “Provisional” Track A Award refers to the amount specified in Part V of a Track A Determination Form. A “Final” Track A Award refers to the amount specified in Part III of a Track A Determination Form. Track A Awards are subject to reduction based on the amount of available funds and the number of meritorious claims.
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Examples of Track A Award in a sentence

  • If you received a Loan Award (debt payment) as part of your Track A Award, it is possible that the payment did not satisfy the entire amount outstanding on your USDA/FSA loan.

  • The Secretary agrees to refrain from accelerating or foreclosing any FSA Farm Loan Program loan held by a Class Member that originated between January 1, 1981, and December 31, 1996, until the quarterly report provided in Section V.E.3 reports that the Class Member is not eligible for a Track A Award or a Track B Award under Section V.C.5 or V.D.5.

  • If granted, debt relief on the loan(s) referenced above is included in the total Track A Award.

  • Please note that under the Settlement Agreement, the attorney may not charge more than two percent (2 %) of the Total Track A Award as a fee for submitting the claim.

  • If the Claimant prevails, and a legal representative for the Claimant’s estate has not yet been appointed, the Claimant’s Track A Award or Track B Award shall be held for up to one year in a separate account established by Class Counsel for the benefit of the estate until a legal representative to whom the funds may be disbursed is appointed.

  • Exhibit A to the Settlement Agreement currently is a “Track A Claim Determination Form” and, as drafted, would be used to notify Track A claimants both of approvals and denials of their claims, and, for those with approved claims, would accompany a Track A Award check.

  • TAXES: You (or the Estate or Incapacitated Claimant) are responsible for compliance with all applicable federal, state, and local tax requirements that arise as a result of the receipt of a Track A Award, or your proportionate share of the Award.

  • This amount includes a Track A Tax Award payment in the estimated amount of $ , made to the IRS to pay the potential federal tax liability for the members of the farming operation listed above arising from the receipt of the Total Track A Award, as explained in the section of this letter captioned “TAXES” (see below).

  • Submission of an application for a Strategic Partnership III Track A Award (RFA 13-03A) involves a two-step process.

  • If the Claimant prevails, and a legal representative for the Claimant has not yet been appointed, the Claimant’s Track A Award or Track B Award shall be held for up to one year in a separate account established by Class Counsel for the benefit of the Claimant until a legal representative for the Claimant to whom the funds may be disbursed is appointed.

Related to Track A Award

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Cash Award means an award denominated in cash.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • the award , except in sub-paragraph (2), means—