Covered Employee Annual Incentive Award definition

Covered Employee Annual Incentive Award means an Award granted to a Covered Employee as described in Article 12.
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Covered Employee Annual Incentive Award means an Award granted to a Covered Employee pursuant to Section 12.
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Covered Employee Annual Incentive Award means an Award granted under Article 12 to a Covered Employee.
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Examples of Covered Employee Annual Incentive Award in a sentence

  • The total amount that may be awarded or credited in any Fiscal Year with respect to a Covered Employee Annual Incentive Award will be determined in Section 12.

  • The maximum aggregate amount awarded or credited in any one Plan Year with respect to a Covered Employee Annual Incentive Award shall be determined in accordance with Article 12.

  • As soon as practicable following the end of each Plan Year, the Committee shall certify whether each Covered Employee otherwise satisfied the requirements of this Plan to receive a Covered Employee Annual Incentive Award.

  • The maximum aggregate amount awarded or credited in any one (1) Plan Year with respect to a Covered Employee Annual Incentive Award shall be determined in accordance with Article 12.

  • Within the first ninety (90) days of each Plan Year, the Committee shall establish (i) the performance goals, selected from the list of Performance Measures in Section 11.1, that must be achieved in order for a Covered Employee Annual Incentive Award to be paid to any Covered Employee for the Plan Year, and (ii) the amount of each Covered Employee’s Covered Employee Annual Incentive Award that could be paid based on attainment of such performance goals for the Plan Year.

  • Notwithstanding any other provision of this Plan to the contrary, for each Plan Year a Covered Employee Annual Incentive Award shall be paid to any Participant who is an executive officer of the Company and, in the Committee’s determination, is likely to be a “covered employee” within the meaning of Section 162(m) of the Code only in accordance with the provisions of this Article.

  • The Committee shall determine the extent to which the Participant shall have the right to receive Covered Employee Annual Incentive Award following a Change of Control.

  • The maximum aggregate amount awarded or credited in any one (1) Plan Year with respect to a Covered Employee Annual Incentive Award may not exceed the lesser of five (5) times such Employee's annual base salary as in effect on March 1 of such Plan Year, or $5,000,000.

  • The maximum aggregate amount awarded or credited in any one Plan Year with respect to a Covered Employee Annual Incentive Award shall be determined in accordance with Article 13.

  • The exact nature of cultural citizenship is a contested concept but for the purposes of this project the underlying premise behind it in terms of promoting active participation in culture is important.


More Definitions of Covered Employee Annual Incentive Award

Covered Employee Annual Incentive Award means any right granted under Section 12.1.
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Covered Employee Annual Incentive Award means an Award granted to a Covered Employee as described in Section 10.
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Covered Employee Annual Incentive Award means an Award granted to a Covered Employee under Article 12 of this Plan.
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Covered Employee Annual Incentive Award means an award granted to a Covered Employee under the Plan evidencing the right to receive a cash payment in any Plan Year, as described in Article 8 herein.
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Covered Employee Annual Incentive Award means an Award granted to a Covered Employee as described in Article 11 (Covered Employee Annual Incentive Awards).
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Related to Covered Employee Annual Incentive Award

  • Bonus means the bonus described in the Section 2.3.

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

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.