Enhanced Award Opportunity definition

Enhanced Award Opportunity means an Award granted to a Participant, as described in Article 6 herein.
Sample 1

Examples of Enhanced Award Opportunity in a sentence

  • In the event the employment of the Participant with the Company is terminated by reason of Disability or Retirement after the Performance Period, the unvested portion of the Enhanced Award Opportunity earned by the Participant shall immediately vest and be paid out to the Participant in accordance with the payment schedule set forth in the Award Agreement.

  • In the event the employment of the Participant with the Company is terminated by reason of death after the Performance Period, the unvested portion of the Enhanced Award Opportunity earned by the Participant shall immediately vest and be paid out to the Participant’s beneficiaries within ninety (90) days of the Participant’s date of death.

  • In the event the employment of the Participant with the Company is terminated prior to the end of the Performance Period for any reason other than those stated in Section 6.5 above, no portion of the Enhanced Award Opportunity will be deemed earned.

  • Each grant of Cash Awards, Enhanced Award Opportunities, and/or Retention Credits shall be evidenced by an Award Agreement that shall specify the date of the Award, the target dollar value of Cash Awards, the Performance Period of the Award, the performance measure of the Award, the dollar value of the Retention Credit (if any), the Enhanced Award Opportunity (if any), the vesting schedule, the payout schedule, and such other provisions as the Committee shall determine.

  • In the event the employment of the Participant with the Company is terminated after the Performance Period for any reason other than those stated in Section 6.5 above, the vested portion of the Enhanced Award Opportunity earned by the Participant pursuant to this Agreement shall be paid out to the Participant in accordance with the payment schedule set forth in the Award Agreement, while any unvested portion shall be forfeited by the Participant to the Company.

  • If the level of performance, as established by the Committee for a particular Performance Period, was not at target level or greater, no Enhanced Award Opportunity shall be earned.

  • Imports subsequently receded in 2020 as the impact of the COVID-19 pandemic reduced the domestic consumption of goods generally, and hence the need for imports, but also due to the (temporary) decline in imports of equipment to the offshore petroleum sector.

  • The Depositary will establish an account with respect to the Shares and Shareholder Warrants at the Book-Entry Transfer Facility for purposes of the Offer.

  • Subject to the terms and provisions of the Plan and the Award Agreement, an Enhanced Award Opportunity for a particular Performance Period shall be earned by a Participant if the level of performance, as established by the Committee and set forth in the Award Agreement, is achieved at or above the target level set by the Committee.

  • An Enhanced Award Opportunity earned by a Participant shall be subject to mandatory deferral by the Participant, as set forth in Article 10 herein and the Award Agreement.

Related to Enhanced Award Opportunity

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • 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.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Cash Award means an award denominated in cash.

  • Performance Unit Award means an award of Performance Units under this Plan.

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

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • 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 Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • 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).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.