Net Base Award definition

Net Base Award means the Base Award for a given Qualified Claimant following the application of any reductions or limitations applicable to such Base Award.
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Examples of Net Base Award in a sentence

  • Promptly after the end of each calendar week beginning fourteen (14) Business Days after enrollment in the Settlement Program opens, the Claims Processor shall provide to HOC and the SOC a weekly status report, in such form and in such detail as HOC reasonably from time to time may specify, identifying those Enrolled Claimants who have qualified as Settlement Program Claimants together with the amount of each Net Base Award or Covered Unrevised, Infirm Claimant award.

  • For the avoidance of doubt, if a Settlement Program Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 5.4), s/he will not be placed on a Supplemental 2016 Settlement Program Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS- Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • For the avoidance of doubt, if a Settlement Program Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 5.4), s/he will not be placed on the First Supplemental 2016 EBP Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • Promptly after the end of each calendar week beginning fourteen (14) Business Days after enrollment in the Settlement Program opens, the Claims Processor shall provide to HOC and the SOC a weekly status report, in such form and in such detail as HOC reasonably from time to time may specify, identifying those Enrolled Claimants who have qualified as Settlement Program Claimants together with the amount of each Net Base Award or CUI Award.

  • For the avoidance of doubt, if a Qualified Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 4.4, s/he will not be placed on the First Supplemental 2020 EBP Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • This payment is (i) subject to the Enhancements Benefit Cap and (ii) shall be made at the time the Spouse’s Qualified Claimant receives any Net Base Award.

  • HOC, therefore, will not be required to fund any portion of the Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • For the avoidance of doubt, if a Qualified Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 4.4, s/he will not be placed on the First Supplemental 2020 Settlement Program Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • For the avoidance of doubt, if a Qualified Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 4.4, s/he will not be placed on a Supplemental 2020 Settlement Program Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

  • For the avoidance of doubt, if a Qualified Claimant appeals any portion of his/her Settlement Program Award pursuant to Section 4.4, s/he will not be placed on the Initial 2020 Settlement Program Award Report and, therefore, HOC will not fund any portion of his/her Settlement Program Award (including the Net Base Award or Net QRS-Related Enhancements Benefit) until all appeals brought by the individual Qualified Claimant are resolved.

Related to Net Base Award

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

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • 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.

  • Cash Award means an award denominated in cash.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • 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.

  • Stock Bonus Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b).

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • 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;