Payout Target definition

Payout Target means a mean a target Award amount denominated in dollars established and determined by the Committee for each Participant for each Plan Year pursuant to this Plan.
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Payout Target means the dollar value obtained by multiplying (i) your Base Salary and (ii) your AIP Target Percentage.
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Payout Target means a specified percentage of a Participant's Base Salary as set forth in the applicable Award Letter.
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Examples of Payout Target in a sentence

  • Subject to the terms and conditions set forth in the Program and this Agreement, including, without limitation, Sections 3(b) and 6, the final amount of your Award shall be equal to the dollar amount obtained by multiplying your Payout Target (expressed as dollar amount) by the Company’s achievements on the Performance Goals This amount shall then be increased or decreased by application of the Individual Performance Modifier, if any.

  • The maximum value of the Award shall not exceed 200% of your Payout Target, subject to the application of any Individual Performance Modifier.