Common use of Annual Award Amount Clause in Contracts

Annual Award Amount. The average of the two highest annual incentive awards under the Company’s annual incentive plan (or the annual cash incentive plan maintained by a successor company or an Affiliate) paid in the last five years to the Executive prior to the occurrence of the Qualifying Termination; provided, however, that if the Executive has not been employed by the Company or an Affiliate for a sufficient length of time to have been eligible for payment of at least two annual incentive awards, deemed target award payout shall be used for the one or two years for which the Executive was not so eligible.

Annual Award Amount. The average of the two highest annual incentive awards under the Company’s annual incentive plan 's Executive Incentive Plan (or the annual cash incentive plan maintained by a successor company or an Affiliatecompany) paid in the last five years to the Executive prior to the occurrence of the Qualifying Termination; provided, however, that if the Executive has not been employed by the Company or an Affiliate for a sufficient length of time to have been eligible for payment of at least two annual incentive awards, deemed target award payout shall be used for the one or two years for which the Executive was not so eligible.

Annual Award Amount. The average of the two highest annual incentive awards under the Company’s annual incentive plan 's Executive Incentive Plan (or the annual cash incentive plan maintained by a successor company or an Affiliate) paid in the last five years to the Executive prior to the occurrence of the Qualifying Termination; provided, however, that if the Executive has not been employed by the Company or an Affiliate for a sufficient length of time to have been eligible for payment of at least two annual incentive awards, deemed target award payout shall be used for the one or two years for which the Executive was not so eligible.