Track B Award definition

Track B Award is the amount of actual damages, up to $250,000, for which the Track B Neutral determines that a Class Member is eligible under the applicable standards for Track B. A “Provisional” Track B Award refers to the amount specified in Part V of a Track B Determination Form. A “Final” Track B Award refers to the amount specified in Part III of a Track B Determination Form. Track B Awards are subject to reductions based on the amount of available funds and number of meritorious claims.
Sample 1Sample 2Sample 3
Track B Award is the amount of actual damages, up to $250,000, for which the Track B Neutral determines that a Prevailing Claimant is eligible under the applicable standards for Track B, subject to reduction under paragraph 2 subsection a of Section IX.F. A “Provisional” Track B Award refers to the amount specified by the Track B Neutral in Part II of a Track B Determination Form (Ex. B). A “Final” Track B Award refers to the amount specified in Part II of a Track B Claim Determination Form after the Claims Administrator performs any calculation required under paragraph 2, subsection a of Section IX.F, after receipt of all Provisional Track B awards.
Sample 1Sample 2

Examples of Track B Award in a sentence

  • On your Claim Form, you indicated that you and your attorney have negotiated a Track B Fee of % of your Track B Award.

  • This Modified Track B Award shall serve as the Class Member’s “Track B Award” or “Provisional Track B Award” for purposes of this Section.

  • 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.

  • Then, the Claims Administrator shall multiply each Class Member’s Track B Percentage by the Track B Cap to obtain the Class Member’s “Modified Track B Award.” The Claims Administrator shall then replace the Track B Award indicated in Part V of the Class Member’s Track B Determination Form with his or her Modified Track B Award.

  • 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.

  • Next, the Claims Administrator shall calculate the Provisional Track B Fee for each Class Member by multiplying each Class Member’s Revised Track B Award by the fee percentage indicated by the Class Member in Part IX of the Class Member’s Claim Form.

  • 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 either (1) the quarterly report provided in Section VI.E.2 reports that a Class Member is not eligible for a Track A Award or a Track B Award under Section VI.C.4 or VI.D.4; or (2) ninety (90) calendar days after the Preliminary Final Accounting Date, whichever is earlier.

  • To apply for a Strategic Partnership Track B Award, refer to RFA 13-03B: TRACK B AWARDS.

  • B to the Settlement Agreement), like its Track A counterpart, is drafted to notify claimants of both approvals and denials of claims, with both boxes designating the amount and explanation of a Track B Award, and the reasons for denial of the claim, to be completed as appropriate.

  • 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 B 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 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.

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

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

  • 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.

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

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

  • 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.

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

  • 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).

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

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

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • 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.

  • Cash Award means an award denominated in cash.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

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

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

  • 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.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • 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.

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

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