No low income organization shall be designate to select more than two (2) members to serve on the Community Action Board.
RECITALS Reference is made to that certain Second Amended and Restated IDEX Corporation Incentive Award Plan (the “Company’s I ncentive Award Plan”).
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.
Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.
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.
Performance Award means any right granted under Section 6(d) of the Plan.
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).
Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.
Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).
Performance Unit Award means an award of Performance Units under this Plan.
Bonus Award means a bonus award made pursuant to Section 9.
Cash Award means an award denominated in cash.
incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;
Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.
Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;
LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.
Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).
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.
Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.
Share Award means an Award of Shares granted pursuant to Section 10.
3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.
Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.
Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.
Performance Awards means Performance Units, Performance Shares or either or both of them.
Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.
Phantom Stock Award means an Award granted under Paragraph X of the Plan.
Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).
Stock Bonus Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b).