Target Annual Incentive Award definition

Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the year in which the Participant’s Date of Termination occurs (or, if greater, for the year before the year of termination); provided, however, that in the event no target Annual Incentive Award has been established for the Participant for either the year of termination or the year before the year of termination, “Target Annual Incentive Award” shall mean the average Annual Incentive Award paid to the Participant for the three most recent years before the year of termination.
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Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the year in which the Participant’s Date of Termination occurs.
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Target Annual Incentive Award means your target Annual Incentive Award (if any) for the year in which your termination of employment occurs.
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Examples of Target Annual Incentive Award in a sentence

  • Incentive Payments - Incentive payments, if any, are based on a specified percentage of the Participant’s base salary on the last day of the fiscal year, in accordance with the Incentive Payout Percentages shown on Appendix I, and subject to the Less Than Full Performance Period and Terms and Conditions sections under the Plan.• Target Annual Incentive Award: The “Target” incentive Award is 25% of base salary.

  • In the event of the death of the Executive during the Period of Employment, the Company’s obligation to make payments under this Agreement shall cease as of the date of death, except for the Executive’s earned but unpaid Base Salary and Target Annual Incentive Award which will be paid on a prorated basis for that year.

  • If at least 75% but not more than 100% of the Business Unit Consolidated Net Operating Profit Goal is achieved, 12.5% to 25% of the Target Annual Incentive Award shall be earned, with the precise percentage to be based on straight-line interpolation between 75% and 100%.

  • If at least 75% but not more than 100% of the Consolidated Revenue Goal is achieved, 12.5% to 25% of the Target Annual Incentive Award shall be earned, with the precise percentage to be based on straight-line interpolation between 75% and 100%.

  • United States, 425U.S. 130, 141 (1976)), vacated and remanded, 133 S.

  • Aggregation of grades to obtain the class of Honours will be based on averaging the full spread of grades in Stage 2 to obtain 10% of the final grade and the average of the best 90 credits of overall module grades in Stage 3 (Level 6 or above) to obtain 90% of the final grade [10:90].

  • Prior to, or within the first 90 days of, each Year for which Annual Incentive Award Opportunities are to be authorized, the Committee shall determine the amount of the Target Annual Incentive Award for each Participant for that Year.

  • The Target Annual Incentive Award shall be equal to one hundred percent (100%) of the Executive’s then current annual Base Salary (with the Board or the Compensation Committee having the option of granting a Target Annual Incentive Award in excess of such amount), contingent upon performance of stipulated goals of the Company established jointly by the Board and the Executive.

  • Target Annual Incentive Award OpportunitiesFor purposes of the fiscal 2021 performance-based incentive awards, each of our NEOs was assigned a target annual incentive award opportunity based upon a percentage of his or her base salary.

  • If at least 75% but not more than 100% of the Earnings Per Share Goal is achieved, 25% to 50% of the Target Annual Incentive Award shall be earned, with the precise percentage to be based on straight-line interpolation between 75% and 100%.


More Definitions of Target Annual Incentive Award

Target Annual Incentive Award means your target Annual Incentive Award (if any) for the year in which your termination of employment occurs.  Section 280G of the Code: In the event that any payments or benefits to you
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Target Annual Incentive Award means an Eligible Employee’s target annual cash incentive award opportunity under the annual incentive plan of the Company or its Subsidiaries in which such Eligible Employee participates as of immediately prior to the Date of Termination for the fiscal year of the Company in which the Date of Termination occurs, or if the target annual cash incentive award opportunity for such fiscal year has not been established as of the Date of Termination, the Eligible Employee’s target annual cash incentive award opportunity as in effect for the completed fiscal year immediately prior to the Date of Termination.
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Target Annual Incentive Award means a Participant’s target Annual Incentive Award for the fiscal year in which the Participant’s Date of Termination occurs (or, if greater, the Participant’s target Annual Incentive Award immediately preceding the Change in Control); provided, however, that in the event no target Annual Incentive Award has been established for the Participant for either the fiscal year of termination or the period immediately preceding the Change in Control, “Target Annual Incentive Award” shall mean the average Annual Incentive Award paid to the Participant for the three most recently completed fiscal years before the year of termination.
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Target Annual Incentive Award means Participant’s target annual cash incentive bonus award as determined at the start of the Company’s fiscal year in which the Change of Control (as defined in paragraph (g)(ii) of Exhibit A) occurs.
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Target Annual Incentive Award means, with respect to a fiscal year of the Company and a Participant, the amount determined pursuant to Section 3 below.
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Target Annual Incentive Award means Participant's target annual cash incentive bonus award as determined at the start of the Company's fiscal year in which the Change of Control occurs.
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Related to Target Annual Incentive Award

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Bonus means the bonus described in the Section 2.3.

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.

  • 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.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

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

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • 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).

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Payout means that time at which cash distributions have been made by the Limited Partnership to the Unit Holders (together with their predecessors in interest) pursuant to Section 5.1 of the Limited Partnership Agreement (together with any distributions to such Unit Holders pursuant to Section 3.3 of the Limited Partnership Agreement), in an aggregate amount equal to the Unit Holders' Subscriptions to the Limited Partnership.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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