Minimum Incentive Payout definition
Minimum Incentive Payout means the minimum amount of an Award payable to a Participant as determined by the Compensation Committee or as set forth in an Employment Agreement governing such Participants employment with the Company.
Minimum Incentive Payout means the minimum amount of an Award payable to a Participant. The amount of the Minimum Incentive Payout for Category I Participants is an amount equal to one (1) month's Base Pay. For Category II Participants, the Minimum Incentive Payout shall be an amount equal to one half month's Base Pay.