Section 162(m) Award definition

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).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Section 162(m) Award means any Award that is intended to qualify for the performance-based compensation exception under Section 162(m) of the Code and the regulations promulgated thereunder.

Section 162(m) Award means any Award granted pursuant to the Plan that is intended to qualify for the exception for “qualified performance-based compensation” under Section 162(m) of the Code and the regulations thereunder.

Examples of Section 162(m) Award in a sentence

The Performance Share Award made herein is intended to be a Section 162(m) Award as defined in the 2004 Plan and the provisions of the 2004 Plan applicable to such awards shall control the interpretation and performance of this Agreement.
To the extent this Award is intended to be a Section 162(m) Award, this Award shall be subject to Section 9(h) of the Plan.
The Triad Compensation Committee may grant performance awards that are intended to qualify as performance-based compensation under Section 162(m) of the Code (a "Section 162(m) Award"), as well as performance awards that are not Section 162(m) Awards.
Notwithstanding anything in this Agreement to the contrary, in the event that the Committee has designated the Award as a Section 162(m) Award (as defined in the Stock Plan), no Shares shall be paid to the Participant under this Agreement unless (i) any performance goals established by the Committee for purposes of Section 162(m) of the Code have been met or (ii) Shares are payable under Section 4.1, 4.2 or 4.6 below.
The Award is designated as a Code Section 162(m) Award in accordance with Section 7.1 of the Plan.

More Definitions of Section 162(m) Award

Section 162(m) Award means an Award that is intended to be “qualified performance-based compensation” within the meaning of Section 162(m) of the Code.

Section 162(m) Award means a Performance-Based Award intended to satisfy the requirements for "performance-based compensation" within the meaning of Section 162(m).

Section 162(m) Award means a Performance Award granted under Section 6(j)(ii) hereof to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of section 162(m) of the Code, provided such provision is applicable thereto. Performance Awards to which section 162(m) does not or no longer applies shall not be treated as Section 162(m) Awards hereunder.

Section 162(m) Award means a Performance Award to a “covered employee” (within the meaning of Section 162(m) of the Code) that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m) of the Code.

Section 162(m) Award means any Award that is intended to qualify for the performance-based compensation exemption under Section 162(m).

Section 162(m) Award means any Award that is intended to qualify and in fact qualifies for the performance-based compensation exemption to the application of the $1 million deduction limit under Section 162(m).

Section 162(m) Award means a grant of Options, Restricted Stock, Performance Units or Restricted Units meeting the requirements of Code Section 162(m).