Performance Payout Percentage definition

Performance Payout Percentage means the percentage of the Incentive Award awarded based on the level of goal achievement for a performance period, as set forth in the text of this Plan or in Exhibit A.
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Performance Payout Percentage means for each Employee, the sum of the weighted payout percentages for each assigned goal, as determined by the Committee, based on the relative achievement of such goals.
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Performance Payout Percentage means the amount of Target Bonus Percentage awarded based on the level of goal achievement.
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Examples of Performance Payout Percentage in a sentence

  • The number of Performance Share Units which are deemed to be Vested Performance Share Units shall be determined in the Compensation Committee’s discretion using a Performance Payout Percentage determined in the Compensation Committee’s discretion.

  • Unless otherwise provided herein, the number of Performance Share Units which vest on a PSU Vesting Date(s) (each, a “Vested Performance Share Unit”) is the number of Performance Share Units and Dividend Performance Share Units scheduled to vest on such PSU Vesting Date(s) multiplied by the Performance Payout Percentage, which may, for greater certainty, be more than 100% of the number of Performance Share Units originally credited to a Participant.


More Definitions of Performance Payout Percentage

Performance Payout Percentage means the percentage of the Performance Share Units credited to a Participant’s Share Unit Account in respect of an Award subject to Performance Payout Criteria.
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Performance Payout Percentage means the percentage of the Incentive Award awarded based on the level of goal achievement for each Plan Measurement Cycle during the Plan Year, as set forth in this Plan or in Exhibit A.
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Related to Performance Payout Percentage

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • 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).

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • 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 Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

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

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.