Performance-based Grant definition

Performance-based Grant means an Option or Stock Appreciation Right granted to a “covered employee” (as defined in Code Section 162(m)(3)) that the Administrator designates as a “Performance Based Grant.” Provided, that nothing in the Plan shall be construed to prevent the issuance of Options or other rights to such “covered employees” that are not Performance Based Grants if the Administrator so elects.
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Performance-based Grant means a Performance-based Grant under Part B.2(c) of the Project, and to be financed out of the proceeds of the Credit.
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Performance-based Grant means a grant made or proposed to be made out of the proceeds of the Credit by the Recipient to a Participating Financial Intermediary for the purpose of financing a Performance Based Sub-project.
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Examples of Performance-based Grant in a sentence

  • The Performance-based Grant has been capped at the system-average annual proportion and residual funding remains part of the Differentiation Envelope.

  • The categories of procurement to be implemented under the procurement are: (i) Minimum Tender Subsidy for Mini Grids; (ii) Performance-based Grant for Mini Grids; (iii) Performance-based Grant for Stand-alone Solar Systems; (iv) Market Scale-up Challenge Grants for Stand-alone Solar Systems; and (v) EEP.

  • The Performance-based Grant amount is the same whether the SHS is provided to the customer as a cash sale, loan from a bank or micro-bank, integrated PAYG, pure PPA or operating lease, or some other variant of these basic models.

  • The total compensation cost of the 2021 Performance-based Grant was $1.5 million and will be amortized over a weighted-vesting period of 3.5 years.

  • On March 11, 2021, the Compensation Committee approved the 2021 executives' LTIP and, pursuant to which, CatchMark granted 202,930 performance-based LTIP Units to its executive officers and 44,180 shares of performance-based restricted stock to its eligible officers (the "2021 Performance-based Grant").

  • St. Clair College’s notional allocations will not be impacted by previous year performance, and will follow a graduated activation plan as follows: 2020-21* 2021-22* 2022-23 2023-24 2024-25 Differentiation Envelope $13,373,041 $18,649,377 $23,925,713 $29,202,050 $31,840,218 Performance-based Grant $10,702,813 $14,983,938 $19,265,064 $23,546,189 $25,686,752 * Activation of performance-based funding will not be in place for 2020-21 and 2021-22.

  • DENR shall coordinate with the Philippines' Performance-based Grant System Steering Committee responsible for implementing the Philippines' performance-based grant mechanism through MDFO, by which the LGUs participating the Project can use such grant for capacity building and/or capital investment under the Project.

  • No HEI shall be eligible for a Performance-based Grant until it has attained sufficient management capacity as determined on the basis of the results of an external panel review of annual technical and financial audits to assess the level of capacity built.

  • Except as the Bank shall otherwise agree, the Project Implementing Entity shall not assign, amend, abrogate or waive any Performance-based Grant Participation Agreement or any of its provisions.

  • Each of the Project Implementing Entities shall only use the proceeds of the Performance-based Grant for financing Eligible Expenditures (as defined in Section IV, paragraph A.1 of Schedule 2 to the Co-financing Agreement) under Part A.1 of the Project.


More Definitions of Performance-based Grant

Performance-based Grant means a grant made by the Borrower through DOH to a selected LGU or health services provider or user out of the proceeds of the Loan to finance, in part, the carrying out of activities under Part A.2(c)(i) of the Project, and “Performance-based Grants” means, collectively, the plural thereof.
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Performance-based Grant means a grant made by the Recipient through NDRC to a Project Implementing Entity out of the proceeds of the Grant to finance Eligible Expenditures under Part A.1 of the Project in accordance with the provisions of paragraphs 4 and 5 of Section I of Schedule 2 to this Agreement and the provisions in the Disbursement Letter for the Grant issued by the World Bank to the Recipient of the same date as this Agreement, and “Performance- based Grants” means, collectively, the plural thereof.
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Performance-based Grant means a Capacity Building Grant, a Minimum Conditions Capital Infrastructure Grant or a Performance Measures Capital Infrastructure Grant, as the case may be.
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Performance-based Grant or “PB Grant” means a grant under Part 1.2(i) of the Project, awarded to a Technical Training Institute, in accordance with Section I.C of Schedule 2 to this Agreement.
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Performance-based Grant means a grant made or proposed to be made by ECREEE to a Stage 2 Solar Company or Stage 3 Solar Company (as such terms are hereinafter defined) for the purposes of financing all or a portion of the expenditures incurred by said Stage 2 Solar Company or Stage 3 Solar Company under Part 1.D of the Project for goods, services and works under a Sub-Project upon the successful move into a challenging market.
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Related to Performance-based Grant

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Performance-Based Cash Award means a cash Award under Article XI of this Plan that is payable or otherwise based on the attainment of certain pre-established performance goals during a Performance Period.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

  • Performance-Based Restricted Stock means Shares issued or transferred to an Eligible Individual under Section 9.2.

  • Performance-Based Compensation means any compensation that is intended to qualify as “performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • Performance-based contracting means the structuring of all

  • Performance-Based Exception means the performance-based exception from the tax deductibility limitations of Code Section 162(m).

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • 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).

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Evidence-based program means a program that:

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

  • 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.

  • Other Equity-Based Award means an Award that is not an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, or Performance Share Award that is granted under Section 10 and is payable by delivery of Common Stock and/or which is measured by reference to the value of Common Stock.

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

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

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Other Share-Based Awards means Awards consisting of Share units, or other Awards, valued in whole or in part by reference to, or otherwise based on, Shares.