Examples of Excess Award in a sentence
The Holders of Category A Claims and Category D Claims who have an Outlying Claim with an Excess Award, shall receive on account of their Excess Award a pro rata portion of any Excess Anadarko Fund pursuant to Section 4.5. As used herein, the “Excess Anadarko Fund” shall mean and consist of five percent (5%) of the net proceeds, if any, of the Anadarko Litigation payable to the Trust pursuant to the Anadarko Litigation Trust Agreement in excess of One Hundred Twenty Million Dollars ($120 Million).
It is expected that 100 percent of the value of the Annual Excess Award shall be awarded annually in the form of restricted stock units.
As determined appropriate by the Committee, any benefit awarded under the Plan to an officer subject to Section 16 of the Exchange Act may include provisions requiring its forfeiture (regardless of whether or not the benefit is otherwise vested) and/or recoupment by any method determined appropriate by the Committee, including but not limited to offset against other benefits under the Plan, if such benefit or any portion thereof is determined to be an Excess Award.
Specifically, you can only recover the Excess Award from the Excess Anadarko Fund.
The Committee shall determine the Annual Target Award and Annual Excess Award for each Participant.
If the total amount of Excess Awards (if any) exceeds the total amount of the Excess Anadarko Fund (if any), you will receive your proportionate share of the Excess Anadarko Fund, but it might not be the entire amount of your Excess Award.
A Participant in the Savings Plan shall be eligible to receive an Excess Award if contributions on his behalf under the Savings Plan are limited by certain limitations imposed by the Code, as described in Section 6(c), and he is employed by Pegasus on the date the Excess Award is made.
Subject to the terms of this Agreement, effective as of the Grant Date, the Executive is hereby granted a cash incentive award (the “Cash Incentive Award”) in an amount equal to the Excess Award Value.
For example, a substantial portion (initially, 80%) of any global settlement with an excess insurance company will be contributed to the Excess Award Fund.
Due to COVID-19 restrictions in 2021-22 it was not possible to collect data about the internal condition of the home.