Participant Payout definition

Participant Payout means the Participant’s individual Bonus Opportunity divided by the Award Pool at Target and then multiplied by the Total Award Pool. If a Participant moves from one eligible position to another eligible position with a different Incentive Target Percentage during the Plan Year, the Participant Payout will be pro-rated at each target level.
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Participant Payout means an amount determined
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Examples of Participant Payout in a sentence

  • Despite these challenges, the Programmatic Damage Assessment and Restoration Plan2 (DWH- NRDA 2016) was able to identify a portfolio of restoration approaches for water column injuries including coastal, nearshore, and offshore habitat restoration.

  • Such cash valuation shall be used for purposes of determining the amount of interest to be credited to the Participant's account during the period annual distributions are made to the Participant ("Payout Period") and for purposes of determining the number of shares of Common Stock that will be distributed to a Participant during the Payout Period, in accordance with Section 10.6. Interest shall be credited annually on the Anniversary Date on the declining cash balance at the Plan Interest Rate.

  • In the event that the Participant's employment is terminated prior to completing distribution of the Deferred Participant Payout, all amounts shall be distributed in a lump sum no later than the 10th day following the Participant's termination of employment for any reason.

  • If a Participant elects to have all or a portion of his Participant Payout deferred Page 7 pursuant to the foregoing sentence, the deferred amount of his Participant Payout shall be credited with interest from the Payout Date until the Deferred Payout Date at the Prime Rate set by the Federal Reserve Bank of New York on the Payout Date, adjusted semi-annually as of each June 30 and December 31.

  • The distribution of the Deferred Participant Payout shall be deferred and paid to such Participant on the anniversary and, if necessary, subsequent anniversaries, of such Payout Date or Deferred Payout Date, as the case may be, to the extent the Deferred Participant Payout and the Other Compensation in such calendar year do not exceed the limitation under Section 162(m) of the Code, until the Participant Payout is fully distributed.

  • A minimum of 10 hours and a maximum of 50 hours unpaid work can be imposed.

  • We read and learn about that covenant in the New Testament, but the new covenant should not be thought of as the same thing as the New Testament.

Related to Participant Payout

  • Participant ID means each unique identifier assigned to a Participant other than a DMA Customer by BSEF for access to the SEF operated by BSEF.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Participant Group means you, each of your holding companies and subsidiaries and each subsidiary of each of your holding companies (as each such term is defined in the Companies Act 1985); and

  • Participant has the meaning specified in Section 10.06(d).

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Participant contract means a contract by which a sponsored captive insurance company insures the risks of a participant and limits the losses of the participant to the assets of a protected cell.

  • Participants is defined in Section 12.2.1.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • CDS Participant means a broker, dealer, bank or other financial institution or other person for whom, from time to time, CDS effects book entries for the Units deposited with CDS.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.