Target Award definition

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).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Target Award means the target award payable under the Plan to a Participant for the Performance Period, expressed as a percentage of his or her Base Salary or a specific dollar amount, as determined by the Committee in accordance with Section 6.

Target Award means the target award payable under the Plan to a Participant for a particular Performance Period, expressed as a percentage of the Participant’s Base Salary. In special circumstances, the target award may be expressed as a fixed amount of cash.

Examples of Target Award in a sentence

Participant may earn 0% to 200% of the Target Award, depending on the Company’s (i) year-over-year growth in Adjusted EBITDA (as defined below) over the Performance Period and (ii) relative three-year cumulative average quarterly TSR performance for the Performance Period, each as set forth in Section 3.
If, during the Performance Period, Participant’s termination of employment results from Participant’s death, then all unvested Shares subject to the Award shall immediately become vested and nonforfeitable as of the date of Participant’s death and payout of the Shares shall be made as provided in Section 8 at the Target Award payout level (100%) to Participant’s designated beneficiary as soon as practicable after the date of death.
The number of Performance Shares payable is equal to the product of (i) the Target Award multiplied by (ii) the Adjusted EBITDA Performance Multiplier (as defined below) and further multiplied by (iii) the TSR Modifier, rounded down to the nearest whole share; provided, however, the number of Performance Shares payable may not exceed 200% of the Target Award.
If any dividends are paid or other distributions are made on the Shares subject to the Award between the Grant Date and the date the Shares are transferred as provided in Section 8, Dividend Equivalent Units shall be credited to Participant, based on the Target Award shares and shall be deemed reinvested in additional Shares.
If, during the Performance Period, Participant’s employment ends as a result of Disability (as such term is defined in the Plan), then all unvested Shares subject to the Award shall become vested and nonforfeitable at the Target Award payout level (100%) as of the date of Participant’s termination of employment, and payout of the Shares shall be made as provided in Section 8.

More Definitions of Target Award

Target Award means target payout amount for an Incentive Award.

Target Award means a dollar amount calculated by multiplying (i) the designated salary midpoint that corresponds to a Participant’s Salary Points by (ii) the long-term incentive compensation target percent for those Salary Points for the applicable Performance Period, as determined by the Committee. The Target Award is the amount that would be paid to a Participant under this Plan if each Performance Objective is met exactly at target.

Target Award means the product of a Participant's Base Compensation multiplied by said Participant's Target Percentage.

Target Award means the Target Number of Shares Subject to Award specified at the beginning of this Agreement.

Target Award means the target number of Restricted Stock Units that comprise a Participant’s Award for each Performance Measurement Period, as set forth in the Participant’s Award Notice.

Target Award shares of Class A Common Stock. See Schedule “A” to the Agreement for actual payouts depending upon level of performance.

Target Award means the percentage (which may vary among Participants and from Plan Year to Plan Year) of Base Annual Salary which will be paid to a Participant as an Incentive Award if the performance measurement criteria applicable to the Participant for the Plan Year is achieved, as reflected in the Plan Rules for such Plan Year.