Individual Award Limit definition

Individual Award Limit means the cash and share limits applicable to Awards granted under the Plan, as set forth in Section 3.3 hereof.
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Individual Award Limit means the share limit applicable to Awards granted under the Plan, as set forth in Section 3.3 hereof.
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Individual Award Limit is the lesser of (a) Awardee’s percentage of the Aggregate Award Limit established under the EOIP for the Performance Period, and (b) the maximum amount specified in Section 4.1(c) of the EOIP.
Sample 1

Examples of Individual Award Limit in a sentence

  • Subject to Section 12.2 hereof, each LTIP Unit issued pursuant to an Award shall count as one Share for purposes of calculating the aggregate number of Shares available for issuance under the Plan as set forth in this Section 3.1(a) and for purposes of calculating the Individual Award Limit set forth in Section 3.3 hereof.


More Definitions of Individual Award Limit

Individual Award Limit means limits applicable to Awards granted under the Plan.
Sample 1
Individual Award Limit means the cash and share limits applicable to Awards granted under the Plan, as set forth inSection 3.3 hereof.
Sample 1

Related to Individual Award Limit

  • 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.

  • Actual Award means as to any Performance Period, the actual award (if any) payable to a Participant for the Performance Period, subject to the Committee’s authority under Section 3(d) to modify the award.

  • 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).

  • 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.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

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

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