Target Incentive Award Percentage definition

Target Incentive Award Percentage means the percentage of Base Salary to be paid to a Participant when the targeted level of performance is achieved, as established by the Committee.
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Target Incentive Award Percentage means the target percentage of a Participant’s base salary designated by the Committee in its sole discretion at the beginning of the Measurement Period, which percentage need not be the same for each Participant.
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Target Incentive Award Percentage with respect to an Award, means the Participant’s target incentive award opportunity as to the Performance Period covered by that Award, expressed as a percentage of the Participant’s Eligible Wages for that Performance Period, as determined from time to time by the Administrator or such other target incentive award opportunity percentage as may be determined from time to time by the Administrator.
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Examples of Target Incentive Award Percentage in a sentence

  • In the event the Profit Guarantees are unachieved, the Vendor will be obligated to pay to the Purchaser the difference between the actual audited profit for the relevant financial year and the guaranteed profit for the same year multiplied by 7.88 of the P/E ratio and the period of guarantee to which the Profit Guarantees applied over the whole of the financial year ended 31 December 2005 and 2006 which in the case of financial year 2005 and 2006 would be three months and twelve months respectively.

  • The Plan consists of an “Incentive Award” payment calculated as a Target Incentive Award Percentage (defined in Section III.F), times the Incentive Factor (defined in Section III.G), times annualized base salary (prorated for less than a full year of participation) at the end of the Performance Period, adjusted by a cumulative Achievement Percentage (defined in Section III) based on the range of achievement from 0% to 100% at which weighted Objectives (defined in Section III) are achieved.

  • The Committee shall establish the individual performance goals, the Target Incentive Award Percentage and the Award Opportunity for each Plan Year for the CEO and approve the individual performance goals for each Plan Year for the CFO.

  • If a Participant’s Target Incentive Award Percentage changes during a Performance Period, the Incentive Award payable under the Plan will be prorated based on length of participation at each Target Incentive Award Percentage, measured in days.

  • The CEO shall approve the Target Incentive Award Percentage and the Award Opportunity for each Plan Year for Participants (except for himself).

  • For [Year], we have established a Target Incentive Award Percentage for your position of «Target»% of your annual base salary.

  • Prior to the beginning of each Plan Year, or as soon as practicable thereafter, the Committee may, if applicable, approve or establish the performance goal or standard for that Plan Year the Target Incentive Award Percentage and the Award Opportunity for each Participant.

  • If a Participant’s Target 5 Incentive Award Percentage or salary changes during a Performance Period, the Incentive Award payable under the Plan will be prorated based on length of participation at each salary and/or Target Incentive Award Percentage, measured in days.

  • If a Participant’s Target Incentive Award Percentage or salary changes during a Performance Period, the Incentive Award payable under the Plan will be prorated based on length of participation at each salary and/or Target Incentive Award Percentage, measured in days.

  • Notwithstanding the foregoing, the Committee shall retain full discretion, in the Committee’s sole judgment, to adjust such formula, if any, or the Target Incentive Award Percentage and/or the Award Opportunity for any or all Participants and for any reason at any time prior to payment of any Bonus Award hereunder.


More Definitions of Target Incentive Award Percentage

Target Incentive Award Percentage means the percentage of Base Salary to be paid to a Participant when 100% of performance measures are achieved, as established pursuant to Article III.
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Target Incentive Award Percentage means the percentage of Base Salary to be paid to a Participant when the targeted level of
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Related to Target Incentive Award Percentage

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • 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).

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

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

  • 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 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).

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • 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.

  • 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.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • 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);

  • 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.

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

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

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • 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.

  • 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.

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 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.