Award Levels definition

Award Levels means and includes, for each Award, a minimum, target and/ or maximum level based on a percentage of the Participant's Base Salary at which the Participant may earn an incentive payment under this Plan.
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Award Levels. Award levels will vary with organizational level: For the _____________________________________ of First Merchants Corporation and First Merchants Bank, the maximum bonus will be ____% of base salary. The actual bonus will be calculated according to the attached schedules. The _________________ will not be eligible to participate in the bank-wide Employee Performance Bonus Plan of First Merchants Bank. ANNUAL Beginning in 1997, the current year (1997) will have a WEIGHTING: weight of 60% and the average of the two previous years will have a weight of 40%. For purposes of calculating the current year bonus, the percentage of maximum payout will be used in the weighting calculation. FORM OF AWARD: Payout will be in cash; there will be no deferral or vesting provisions. AWARD TIMING: Awards will be made not later than the 15th day of the month following the month in which the audited financial statement is delivered.
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Examples of Award Levels in a sentence

  • Maximum At or above the 75th Percentile 100% Target At the 50th Percentile 50% Threshold At the 25th Percentile 25% Less than Threshold Below the 25th Percentile 0% * The Performance Factor will be determined based on straight line interpolation for relative performance between the Threshold-Target and Target-Maximum Award Levels set forth above.

  • Maximum [ ] 100% Above Target [ ] 75% Target [ ] 50% Threshold [ ] 25% Less than Threshold [ ] 0% * The Relative TSR Performance Vesting Percentage will be determined based on straight line interpolation for relative performance between the Award Levels above Threshold set forth above.

  • The objective of the allowances arising from the provisions of this clause is to:- assist staff in gaining additional skills to reach higher Award Levels that will improve the efficiency and productivity of their work team.

  • The Statement of Work (SOW) and the revised budget (total value) dated 17 Jun 2016 for your application submitted in response to the Fiscal Year 2015 (FY15) DoD Breast Cancer Research Program, Breakthrough Award Levels 1 and 2 Program Announcement (Funding Opportunity Announcement Number: W81XWH-15-BCRP- BREAKTHROUGH2_FL12, which closed 02 Dec 2015) are incorporated herein by reference.

  • Award Levels are set for each Participant in the organization based on level of responsibility.

  • The Award Level shall be determined based on the following table: Any payment will be based on linear interpolation between Threshold, Target, Stretch, and Maximum Award Levels.

  • Maximum ‎85th Percentile and above‎ 200% of Target Level Target ‎50th Percentile 100% of Target Level Threshold ‎25th Percentile‎ 50% of Target Level ‎<Threshold‎ Below 25th Percentile 0% Any payment will be based on linear interpolation between Threshold, Target, and Maximum Award Levels.

  • FSC SEMICONDUCTOR CORPORATION By: ---------------------------------------- ADMINISTRATIVE COMMITTEE By: ---------------------------------------- By: ---------------------------------------- FAIR▇▇▇▇▇ ▇▇▇CUTIVE INCENTIVE PLAN Schedule A--As Effective June 1, 1998 List of Participants and Target Award Levels List of Participants and Target Award Levels Name of Participant Title Target Award Level* ------------------- ----- ------------------- Kirk ▇.

  • Surveyor (Party Leader / Licensed Surveyor - Incorporates Award Levels 4.

  • The objective of the allowances arising from the provisions of this clause is to:-  assist staff in gaining additional skills to reach higher Award Levels that will improve the efficiency and productivity of their work team.

Related to Award Levels

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies: