Definition of Mid-Year Period


Mid-Year Period means the six-month period beginning on January 1st and ending on June 30th of the Plan Year.
Sample 1

Examples of Mid-Year Period in a sentence

If the planned PBT for the Mid-Year Period is $0 or less, no Mid-Year Period Performance Award relating to the PBT Goal shall be awarded.
The maximum amount that may be paid under a Mid-Year Period Performance Award is 50% of the target amount applicable to the Financial Goals.
A Mid-Year Period Performance Award shall be based solely on Mid-Year Financial Goals.
A Year-End Period Performance Award shall be determined by calculating a Participants Performance Award for the Fiscal Year and subtracting the amount of the Participants Mid-Year Period Performance Award, if any.
STIP Incentives shall be calculated and paid in a single payment for the applicable year or Mid-Year Period, by no later than March 15 of the following year.