Annual Incentive Share Award definition

Annual Incentive Share Award means the Annual Incentive Share Award under the National Grid USA Companies’ Incentive Share Plan (“Incentive Share Plan”)1, as amended from time to time.
Sample 1

Examples of Annual Incentive Share Award in a sentence

  • Purchase of Shares under the Plan shall take place as soon as practicable following the end of the Plan Year for which the Annual Incentive Share Award applies.

  • Each Participant's Annual Incentive Share Award shall be determined by multiplying the Participant's Cash Bonus by the applicable Matching Percentage.

  • Annual Incentive Share Award means the award referred to in Article IV.

  • Notwithstanding any other provision of this Plan, if the Annual Incentive Share Award earned under the Share Plan cannot be distributed to Participants within the time frame set forth in the Share Plan, then each Participant shall receive from the Cash Plan, a cash amount that otherwise would have been awarded in ADR's under the Share plan.

  • The Annual Incentive Share Award provided by the Companies shall be used to purchase Shares in the Participant's name.

  • The proposal is part of the Cycle City programme and aims to allow families and residents to walk and cycle in a safe, car free, environment.

  • Anything in this Plan to the contrary notwithstanding, a Participant may elect to defer receipt of an Annual Incentive Share Award and the related Shares by means of a separate agreement with the Participant's Company.

  • Purchase of ADRs under the Plan shall take place as soon as practicable ------------------- following the end of the Plan Year for which the Annual Incentive Share Award applies.

  • Annual Incentive Share Award means the Annual Incentive Share Award under the National Grid USA Companies' Incentive Share Plan (Incentive Share Plan), as amended from time to time.

  • The Compensation Committee may amend or terminate the Plan at any time; provided, however, that no such action shall affect any right or obligation with respect to any Annual Incentive Share Award previously granted; and provided, further, the provisions of Sections 2.05, 2.08, and 5.03 may not be amended without the written consent of any Participant affected.

Related to Annual Incentive Share 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).

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

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • 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;

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

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • 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.

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

  • Performance Unit Award means an award of Performance Units under this 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.

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

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • 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.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • 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.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • 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.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

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

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.