Award Fund definition

Award Fund means the aggregate amount made available in any Performance Year pursuant to Article V hereof from which Awards determined under Article VI hereof may be made.
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Award Fund means the aggregate amount made available in any Plan Year pursuant to Section V hereof from which awards determined under Section VII hereof may be made.
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Award Fund means the amount, not in excess of 12% of Incentive Earnings, which is recommended by the Committee and approved by the Board of Directors as the maximum amount to be used for awards under the Plan for the applicable year. Any unawarded portion of the Award Fund shall not be available for awards for subsequent years.
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Examples of Award Fund in a sentence

  • The Exchange Fund and the Compensatory Award Fund shall not be used for any other purpose.

  • The Company shall proceed promptly to rebuild or restore the Equipment and the Improvements to substantially the same or better condition or value as they existed prior to the event causing such damage or destruction; any Net Proceeds of insurance received in respect of such damage or destruction and on deposit with the Trustee in the Insurance and Award Fund shall be applied to such restoration or repair as provided in the Indenture.

  • The Company shall proceed promptly to restore the Equipment and the Improvements to a condition substantially similar to their pre-taking condition, through the replacement of the Equipment, the restoration of the Improvements or otherwise; any Net Proceeds received from any award or awards in respect of such taking or takings and on deposit with the Trustee in the Insurance and Award Fund shall be applied to such restoration as provided in the Indenture.

  • If the total amount of Settlement Awards would exceed the Cash Award Fund, the Settlement Awards will be reduced pro rata so that the total payment in the aggregate to Settlement Class Members for Settlement Awards does not exceed the Cash Award Fund.

  • Parent shall cause the Surviving Corporation to pay the RSU Consideration, Restricted Stock Consideration and Vested Performance Consideration contemplated to be paid pursuant to Section 3.06 out of the Compensatory Award Fund.

  • Pursuant to Sections 6.1 and 6.2 of the Agreement, in the event of casualty to or a taking of the Facilities, the Net Proceeds of any insurance award or condemnation award in respect of such casualty or taking shall be paid to the Trustee and deposited in the Insurance and Award Fund.

  • In the event the Exchange Fund or the Compensatory Award Fund shall be insufficient to make the payments in connection with the Public Merger and the LP Mergers contemplated by Section 3.01, Section 3.02 or Section 3.06, respectively, Parent shall promptly deposit or cause to be deposited additional funds with the Paying Agent or the Surviving Corporation, as applicable, in an amount that is equal to the deficiency in the amount required to make the applicable payment.

  • In the event the Exchange Fund or the Compensatory Award Fund shall be insufficient to make the payments in connection with the Merger contemplated by Section 3.01 or Section 3.05, respectively, Parent shall promptly deposit or cause to be deposited additional funds with the Paying Agent or the Company, as applicable, in an amount that is equal to the deficiency in the amount required to make the applicable payment.

  • If the Company shall be permitted to exercise its option to prepay Rent under Section 10.2 of the Agreement, all monies in the Insurance and Award Fund shall be deposited by the Trustee in the Bond Fund.

  • There shall be a Merit Award Fund of an amount set out in Article 36B.03.


More Definitions of Award Fund

Award Fund means the total of the Target Awards for each Participant as determined and approved in accordance with Section 5 hereof.
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