Target Payout Amount definition

Target Payout Amount means the number of Shares equal to 100% of the number of Performance Share Units based on the Company achieving the TSR Ranking at the end of the Performance Period set forth in Section 2 required for payment of Shares equal to 100% of the Award.
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Target Payout Amount means the amount specified in the Grant Summary.
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Examples of Target Payout Amount in a sentence

  • The remaining Performance Share Units will be forfeited, and the number of Shares issuable in respect of the vested Pro Rata Portion of the Award (based on the vested Pro Rata Portion of the Target Payout Amount) shall be distributed in accordance with Section 3.

  • In addition, the number of Shares earned and distributed in respect of the Performance Share Units at the end of the Performance Period shall not exceed 100% of the Target Payout Amount if the Company’s TSR is negative over the Performance Period.

  • The remaining Performance Share Units will be forfeited, and the number of Shares issuable in respect of the vested Pro Rata Portion of the Performance Share Units shall be the lesser of the amount determined under subsection (c) (and subject to any adjustment under clause (g)) or the vested Pro Rata Portion of the Target Payout Amount, and shall be paid at the end of the Performance Period in accordance with Section 3.

  • If Adjusted EPS for the Performance Period is equal to or greater than the Target Adjusted EPS Level, but below the Maximum Adjusted EPS Level, then the Performance Units will vest and the Payout Amount will equal the Target Payout Amount.

  • Each Performance Unit issued in the Award shall be paid out in cash, shares of Common Stock or a combination thereof, at the Committee's election, with a value (as of the distribution date) equal to the Target Payout Amount if the Target Adjusted EPS level is achieved.

  • If Adjusted EPS for the Performance Period is equal to or greater than the Threshold Adjusted EPS Level, but below the Target Adjusted EPS Level, then the Performance Units will vest and the Payout Amount will equal one-quarter (0.25) of the Target Payout Amount.

  • If Adjusted EPS for the Performance Period is equal to or greater than the Maximum Adjusted EPS Level, then the Performance Units will vest and the Payout Amount will equal two (2) times the Target Payout Amount.

  • The remaining Performance Share Units will be forfeited, and the number of Shares issuable in respect of the vested Pro Rata Portion of the Performance Share Units shall be the lesser of the amount determined under subsection (c) (and subject to any adjustment under clause (g)) or the vested Pro Rata Portion of the Target Payout Amount, with the actual distribution made at the end of the Performance Period in accordance with Section 3.

Related to Target Payout Amount

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • 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).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.