Contingent Award definition

Contingent Award means an award to an Eligible Employee expressed as a percentage of average annual Salary for the Incentive Period.

Contingent Award means an award made by the Trustees to a Participant upon terms that the Trustees will, subject to and in accordance with the Rules of the Plan and the Award Certificate, transfer to such Participant Ordinary Shares on or following the Vesting Date in relation to that award and for the time being subsisting or (where the context so requires or permits) such an award proposed to be so made;

Contingent Award means an award to an Eligible Employee, as determined in Section 4.02, expressed as a percentage of Salary for the Incentive Period.

Examples of Contingent Award in a sentence

• No member of the Committee or Board shall be liable for any determination, decision or action made in good faith with respect to the Plan or any Contingent Award.

• NYSERDA reserves the right to make public, after the fifth anniversary of the Contingent Award Notification Date, this Agreement, in its entirety or in part.

• No Contingent Award shall be sold, assigned, transferred, encumbered, hypothecated or otherwise anticipated by a Participant, and during the lifetime of a Participant, any payment shall be payable only to the Participant.

• In any event, the maximum payout under this Plan shall be two times the Contingent Award.

• The Board or the Committee, may, at any time, terminate or at any time and from time to time amend, modify or suspend this Plan provided that no such amendment, modification, suspension or termination of the Plan shall in any manner adversely affect any Contingent Award theretofore made under the Plan without the consent of the Participant.

More Definitions of Contingent Award

Contingent Award means an award to an Eligible Employee based on a specified percentage of Salary for the Incentive Period.

Contingent Award means an Award that is contingent on satisfying performance conditions set forth under a Contingent Award Agreement.

Contingent Award means financing provided through this program for high-risk resource development activities conditioned upon the outcome of the proposed project. If the project is successful, the contingent award will become a loan and the terms for repayment will be based on the resulting revenues or energy savings. If the project is not successful, the contingent award will become a grant.

Contingent Award or "Award" shall mean an award which is contingent on the achievement of designated performance goals which is granted to an Eligible Employee at the outset of the Performance Period.

Contingent Award means cash remuneration granted under the Plan the payment of which is contingent upon the attainment of the First Performance Target or the Second Performance Target.

Contingent Award. OR "AWARD" shall mean an award which is contingent on the achievement of designated performance goals and final determination by the Committee and which is granted to an Eligible Employee at the outset of the Performance Period. 2.7. "DISABILITY" shall have the meaning ascribed to such term under the long-term disability plan sponsored by PCFC or a Subsidiary and applicable to the Participant, or if no such plan exists, the meaning as determined at the sole discretion of the Committee. 2.8. "EFFECTIVE DATE" shall have the meaning ascribed to such term in Article 1.3 hereof.

Contingent Award or “Award” means an award that is granted to a Participant contingent on the achievement of designated performance goals.