Common use of The Target Award Clause in Contracts

The Target Award. The Company hereby establishes a target performance-based bonus compensation award for the Participant for calendar year 2011 of $249,010 (the “Target Award”) which, to the extent finally awarded pursuant to the provisions of Sections 3 and 4 below, will be payable in a combination of cash and shares of Restricted Stock (defined below). The Participant’s achievement of the performance-related goal provided in Section 3 hereof and the level of the Company’s Economic Profit for 2011 will determine whether the final award is less than, equal to or greater than the Target Award.

Appears in 2 contracts

Samples: Award Agreement (Westway Group, Inc.), Award Agreement (Westway Group, Inc.)

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The Target Award. The Company hereby establishes a target performance-based bonus compensation award for the Participant for calendar year 2011 of $249,010 732,381 (the “Target Award”) which, to the extent finally awarded pursuant to the provisions of Sections 3 and 4 below, will be payable in a combination of cash and shares of Restricted Stock (defined below). The Participant’s achievement of the performance-related goal provided in Section 3 hereof and the level of the Company’s Economic Profit for 2011 will determine whether the final award is less than, equal to or greater than the Target Award.

Appears in 1 contract

Samples: Award Agreement (Westway Group, Inc.)

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The Target Award. The Company hereby establishes a target performance-based bonus compensation award for the Participant for calendar year 2011 of $249,010 878,857 (the “Target Award”) which, to the extent finally awarded pursuant to the provisions of Sections 3 and 4 below, will be payable in a combination of cash and shares of Restricted Stock (defined below). The Participant’s achievement of the performance-related goal provided in Section 3 hereof and the level of the Company’s Economic Profit for 2011 will determine whether the final award is less than, equal to or greater than the Target Award.

Appears in 1 contract

Samples: Award Agreement (Westway Group, Inc.)

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