Award Payout definition

Award Payout means the applicable Share issuance or cash payment in respect of a vested Restricted Share Unit pursuant and subject to the terms and conditions of this Plan and the applicable Award;

Award Payout means the amount, if any, that is paid to a Participant as determined pursuant to Section 6 of this XIP.

Award Payout means, for any Award Cycle, the cash award that a Participant is eligible to receive under the VMP for that Award Cycle.

Examples of Award Payout in a sentence

• The number of Performance-Based RSUs subject to the Award will be multiplied by the Award Payout Percentage to determine the adjusted number of Restricted Stock Units, and thus the number of shares of Common Stock or cash equivalents, to be issued upon vesting pursuant to each Key Employee’s Performance-Based Restricted Stock Unit grant.

• In the event the LTI Award Payout results in less than a whole number of shares of Common Stock, the LTI Award Payout shall be rounded up to the next whole share of Common Stock (no fractional shares of Common Stock shall be issued in payment of an Award).

• Except as expressly provided in this Agreement, if the Committee determines that the Performance Goals for the Performance Cycle have been met and the other terms and conditions set forth in the Plan have been satisfied, an Award will be made to the Participant based on the Participant’s LTI Award Payout.

• The Company is authorized to satisfy the withholding for any or all Tax-Related Items arising from the vesting or payment of any Award relating to the LTI Grant or sale of shares of Common Stock issued pursuant to the Award, as the case may be, by deducting the number of shares of Common Stock having an aggregate value equal to the amount of Tax-Related Items withholding due from the LTI Award Payout or otherwise becoming subject to current taxation.

• Shares of Common Stock deducted from the LTI Award Payout in satisfaction of any Tax-Related Items shall be valued at the Fair Market Value of the Common Stock received in payment of the Award on the date as of which the amount giving rise to the withholding requirement first became includible in the gross income of the Participant under applicable tax laws.

More Definitions of Award Payout

Award Payout means the number of PSUs and PSOs earned by a Participant as determined by the Committee.

Award Payout means the cash payable to a Participant as described in Section 8 of the Plan. The amount of the Award Payout is determined in the sole and exclusive discretion of the Board.

Award Payout means the applicable Stock issuance or cash payment in respect of a vested Restricted Stock Unit pursuant and subject to the terms and conditions of this Plan and the applicable Award;

Award Payout means the amount a Participant is paid under the Plan for a Fiscal Year as determined by the Committee.

Award Payout means the amount of the Award earned for a Performance Period as determined pursuant to Section V.A.

Award Payout means the total payment, if any, made to a Participant in cash or in Shares, as shall be determined by the Committee prior to the payment date, upon the vesting of Performance Units at the conclusion of a Performance Period. The Award Payout shall be the product of (i) the number of Performance Units that comprise the Award multiplied by (ii) the Unit Payout Factor multiplied by (iii) the stated dollar value of each Performance Unit.

Award Payout. As provided in the Performance Objectives and Earnout Schedule, your PEP award can pay out anywhere from 0% to 200%. Each AECOM share payout will be reduced by the dollar amount of the statutory tax withholding required at time of vesting unless you elect to pay the taxes yourself. The remaining AECOM shares from each share payout will be deposited into your personal Xxxxxxx Xxxxx brokerage account. Awards are paid exclusively in AECOM stock (net of statutory tax withholding requirements unless you elect to pay the taxes yourself) as soon as administratively possible, but in no event later than 70 days following the vesting date. You can review your PEP award online anytime at Xxxxxxx Xxxxx (xxx.xxxxxxxx.xx.xxx). You must accept your PEP grant online at xxx.xxxxxxxx.xx.xxx before you can receive payment of your vested PEP award. If you are a new PEP recipient, you will be receiving an Account Assignment letter from Xxxxxxx Xxxxx with a PIN number that you will need to access your Xxxxxxx Xxxxx online account. If you have any problems accessing the website, please contact a Xxxxxxx Xxxxx representative at (000) 000-0000 or from outside the U.S., use the AT&T country code plus +1 (877) MER-4ACM [000-0000], or dial direct: +0 (000) 000-0000. Xxxxxxx Xxxxx representatives are available 24 hours a day, seven days a week to answer your questions. You can also review the following materials on the Xxxxxxx Xxxxx website (xxx.xxxxxxxx.xx.xxx): ◾ PEP21 Grant Award Agreement ◾ 2020 Stock Incentive Plan ◾ Managing Your Performance Earnings Program brochure The information provided above is a summary of the plan rules. If any conflict should arise between this document and the official plan documents, the official plan documents will always govern. If you have any questions regarding these documents or your PEP award, please contact: Xxxx Xxxx Director, Executive Compensation – Total Rewards Xxxx.Xxxx@xxxxx.xxx AECOM STANDARD TERMS AND CONDITIONS FOR PERFORMANCE EARNINGS PROGRAM These Standard Terms and Conditions apply to any Award of Performance Earnings Program (“PEP”) units granted to an employee of the Company on or after March 10, 2020, under the AECOM 2020 Stock Incentive Plan, as may be amended from time to time (the “Plan”), which are evidenced by a Term Sheet or an action of the Administrator that specifically refers to these Standard Terms and Conditions.