Definition of Target Award Amount


Target Award Amount means the amount payable if the Participant achieves target performance levels pursuant to the Plan.

Examples of Target Award Amount in a sentence

The target amount of the Performance Award is set forth in Exhibit A (the "Target Award Amount").
The actual dollar amount of the Performance Award paid hereunder is dependent upon the satisfaction of the performance conditions set forth in Section 2 below and may range from zero to two hundred percent (200%) of the Target Award Amount.
The number of Stock Units which may be awarded hereunder is dependent upon the satisfaction of the conditions set forth herein and may range from no Stock Units to 150% of the Target Award Amount.
Upon the event of a Change in Control (as such term is defined in the Plan) of the Company, all Restrictions upon the Target Award Amount shall lapse and such Units shall immediately vest.
If actual performance of Measure is at or above Target, but below Maximum, add the amount obtained by multiplying the Weight by the sum of (i) the Target Award Amount and (ii) the product obtained by multiplying (y) $________ by (z) the quotient obtained by dividing the amount by which actual performance exceeds Target by the amount by which Maximum exceeds Target.