Target Award Opportunity definition

Target Award Opportunity means the percent of Base Salary to be awarded to each Participant in the Plan upon achievement of 100 percent of the Performance Goals at 100 percent performance attainment established within the Performance Criteria of the Plan.

Target Award Opportunity means the award that may be earned during a Performance Period for achieving target performance levels under each Performance Measure.

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined by the Committee in accordance with Section 162(m) of the Code. A Target Award Opportunity constitutes a conditional right to receive a Bonus Award.

Examples of Target Award Opportunity in a sentence

• Define the dollar value of the Target Award Opportunity for the Participant.

• Determine the amount of the Target Award Opportunity that is attributable to Bank performance and to individual performance.

• The Participant understands that the Company may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title and Target Award Opportunity for the purpose of implementing, administering and managing the Participant’s Award (the “Data”).

• Fifty percent (50%) of your Target Award Opportunity will be determined by the Company’s two-year TSR growth rate (the “TSR Value”) compared to the two-year TSR growth rates of each of the companies in the TSR Peer Group other than the Company.

• Your actual award will be paid as a percentage of your Target Award Opportunity, as determined pursuant to Paragraph 2 below (the “Award”).

More Definitions of Target Award Opportunity

Target Award Opportunity means the target award opportunity specified in the Participant’s Award Document, as determined by the Committee.

Target Award Opportunity means the amount of the Incentive Award expressed as a percentage of a Participant’s Base Salary or an amount that a Participant will be eligible to receive if the relevant Performance Objectives have been attained at designated target performance levels.

Target Award Opportunity means the amount attributable to the Performance Unit value if the Company achieves the defined “target” result for a particular performance goal for the Performance Cycle.

Target Award Opportunity means the percentage of Base Salary that may be earned by a Participant if target performance goals are achieved at the end of the Performance Period. The Target Award Opportunity is designated by the Committee at the beginning of the Performance Period for a particular position or individual and may be adjusted from Performance Period to Performance Period.

Target Award Opportunity means the amount that would be used to calculate either a credit to a Participant’s Award Bank or a cash payment based upon target levels of performance achievement over the Performance Period.

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined by the

Target Award Opportunity means, with respect to any Participant, the amount of a Bonus Award that the Participant potentially may earn in respect of a specified Performance Year determined in accordance with Exhibit A hereof, which is incorporated herein and forms a part of the Bonus Plan, and subject to such additional requirements as the Committee may impose. A Target Award Opportunity constitutes a conditional right to receive a Bonus Award.