Annual Cash Award definition

Annual Cash Award means a Cash Award that relates to an annual performance period and is not valued based on the Fair Market Value of a Share.
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Annual Cash Award means, with respect to each fiscal year during the Performance Period ending on a Performance Goal Test Date, a cash payment equal to two percent (2%) of the excess, if any, of (x) the Gross Profit earned by the Company for such fiscal year, over (y) the Minimum Gross Profit Level for such fiscal year.
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Annual Cash Award means, with respect to an Employee, the award, if any, under the applicable annual incentive cash award plan, program or arrangement that such Employee is participating in for the year in which such Employee undergoes a Termination of Employment.
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Examples of Annual Cash Award in a sentence

  • The payment and/or vesting requirements applicable to any Annual Cash Award or Annual Stock Incentive will be determined in the Company’s sole discretion, and may include time- and service-based vesting conditions and/or performance-based vesting conditions (which may include corporate, business unit or division, financial, strategic, individual or other objectives).

  • The Annual Cash Award and the Annual Stock Incentive paid may be more or less than the annual target incentive opportunity based on the Company’s actual performance in relation to the target level performance.

  • Such a Participant shall be entitled to a pro-rated Annual Cash Award as described in Section 3.3(c) for that Fiscal Year payable in the same form and at the same time as Annual Cash Awards are paid to other Participants.

  • The Board of Directors shall have absolute discretion to (i) identify and determine the goals, conditions and criteria which must be met, (ii) change the goals, conditions and criteria from year to year, and (iii) set different goals, conditions and criteria to be met to earn the Annual Cash Award and the Annual Stock Award, respectively.

  • A Participant may elect to defer an Annual Cash Award under the terms of any deferred compensation plan in which he or she is eligible to participate.

  • The Annual Cash Award and the Annual Stock Incentive paid may be, in the discretion of the Committee, more or less than the annual target incentive opportunity based on the Company’s actual performance in relation to the target level performance.

  • The Annual Cash Award and the Annual Stock Incentive paid may be, in the discretion of the Committee, more or less than the annual target incentive opportunity based on the Company's actual performance in relation to the target level performance.

  • For incentive programs (other than SARs) where the final amount of the Award is first calculated in cash and then paid in whole or in part in Shares, the entire amount of the Award shall be treated as a cash incentive award that is subject to the Maximum Annual Cash Award limitation in this Section 10, not the Maximum Annual Participant Stock Award limitation in Section 6(b).

  • In the event that the Board of Directors does not establish any goals, conditions and criteria for purposes of the Annual Cash Award and/or the Annual Stock Award in any year, the Bank shall not make an Annual Cash Award and/or an Annual Stock Award, as appropriate, for any such year.

  • In the event that the goals, conditions and criteria as set by the Board have been met for the prior fiscal year, the Bank shall, within thirty (30) days after the availability of the information necessary to make those determinations, make an allocation of the Annual Cash Award to Employee's Deferred Cash Account.


More Definitions of Annual Cash Award

Annual Cash Award means a cash award made pursuant to Section 6, with a Performance Period of one year or less.
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Annual Cash Award means a Cash Award payable for a particular calendar year and which is not associated with another type of Award.
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Annual Cash Award means the fee payable in cash at each annual stockholders meeting to Nonemployee Directors for their services as directors of the Corporation.
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Related to Annual Cash Award

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Cash Award means an award denominated in cash.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • 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.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

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

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.