Maximum Incentive Award definition

Maximum Incentive Award means a payment in an amount equal to 2.5%, in the case of the Company’s Chief Executive Officer and any other Participant who is a member of the Board, or 1.5%, in the case of each other Participant, of the Company’s Net Income for a given Performance Period.
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Maximum Incentive Award means a dollar amount equal to 25 % of the Annual Bonus Pool or Performance Bonus Pool, as the case may be.
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Maximum Incentive Award means the maximum award a Participant is entitled to receive under the Plan for a Plan Year, equal to 175% of the Participant’s Target Incentive Award for such Plan Year.
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Examples of Maximum Incentive Award in a sentence

  • The selection of Participants to whom Awards shall actually be paid and the amount of the Award actually paid to a Participant shall be such amount as determined by the Committee in its sole discretion, including zero, provided that the actual Award shall not exceed the Maximum Incentive Award with respect to such Participant.

  • Not later than the earlier of (i) 90 days after the commencement of each fiscal year of the Company and (ii) the expiration of 25% of the Performance Period, the Committee shall, in writing, designate one or more Performance Periods and shall affirm the applicability of the Plan’s formula for determining the Maximum Incentive Award for each Participant for such Performance Period(s).

  • At such time as it shall determine appropriate following the conclusion of each Performance Period, the Committee shall certify, in writing, the amount of the Maximum Incentive Award for each Participant for such Performance Period (the “Certification”).

  • Still, the failure to manage strategic ecosystems by way of allowing deforestation in various forests in the East African sub-region which is mainly caused by the intensification of agriculture, particularly industrial agriculture, land degradations and rapid urbanisation which is driven by rapid population growth is placing a burden on the critical natural resources whose conservation in Africa is critical in climate change mitigation.

  • No Participant shall receive a Performance Award under this Plan for any Performance Period in excess of the Maximum Incentive Award for that Performance Period.

  • If the sum of the applicable percentages exceeds 175%, the Earned Incentive Award shall not exceed the Participant’s Maximum Incentive Award.

  • For example, if an Eligible Employee becomes a Participant in mid-April and participates through the end of the Plan Year, he would have eight full months of participation and his annualized Target and Maximum Incentive Award are multiplied by 8/12ths to determine his prorated Target and Maximum Incentive Award for the year.

  • Regular monitor- ing and information gathering can support a verification process.

  • The maximum amount which may be paid as Awards for any Plan Year shall be limited to the lesser of (i) the sum of the Maximum Incentive Award Opportunities for all Participants for that Plan Year, or (ii) 3/4 of 1% of the Company’s net income for that Plan Year.

  • Notwithstanding the foregoing, in the event a Participant's termination of employment with the Employer is on account of death or total disability, the determination of the Participant's Maximum Incentive Award Amount will be based on the greater of (i) the Interim Value immediately preceding such termination of employment or (ii) the Interim Value immediately following such termination of employment.


More Definitions of Maximum Incentive Award

Maximum Incentive Award for each Participant means 200% of that Participant s Targeted Incentive Award.
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Maximum Incentive Award means the award, as established by the Committee which is intended to reward outstanding performance, and which may be paid to an Officer when outstanding performance results are attained; however, in no case can the Maximum Incentive Award for an individual Officer exceed $3,000,000.
Sample 1
Maximum Incentive Award means 150% (one hundred and fifty percent) of the Participant's Target Incentive Award which is determined by the Committee pursuant to Section V.A hereof.
Sample 1
Maximum Incentive Award means the maximum Incentive Award that can be earned under this Plan for maximum performance, subject to Committee discretion.
Sample 1
Maximum Incentive Award means an amount, specified by the Committee, up to 200% (two hundred percent) of the Participant's Target Incentive Award. The amount of the Maximum Incentive Award shall be determined by the Committee.
Sample 1

Related to Maximum Incentive Award

  • 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).

  • 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.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

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

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

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

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

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

  • 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.

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

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • 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.

  • 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).

  • Cash Award means an award denominated in cash.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

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

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

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • 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.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

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

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.