Annual Award definition

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.

Annual Award means any Award referred to as an Annual Award in the Award Statement.

Annual Award means an annual incentive award granted under the Plan.

Examples of Annual Award in a sentence

• The awards described in this Section 2(a) shall be referred to as the “Annual Awards.” For the avoidance of doubt, a Non-Employee Director elected for the first time to the Board at an Annual Meeting shall receive only an Annual Award in connection with such election, and shall not receive any Initial Award on the date of such Annual Meeting as well.

• At the time the participant makes a deferral election he or she must select the payment options (including the Payment Event as set forth at (c) below and the Payment Term as set forth at (d) below) applicable to the Deferred Annual Award for the Performance Year, as well as any earnings or income attributable to such amounts.

• The payment options elected will apply only to that year’s Deferred Annual Award and will not apply to any previous Deferred Annual Award or to any subsequent Deferred Annual Award.

• Neither the adoption of the Plan nor the granting of any Annual Award under the Plan will be deemed to create any right in any individual to be retained or continued in the employment of the Company or any corporation within the Company’s control group.

• No portion of an Annual Award or Initial Award that is unvested or unexercisable at the time of a Non-Employee Director’s termination of service on the Board shall become vested and exercisable thereafter.

More Definitions of Annual Award

Annual Award means an Option granted to an Eligible Director who meets the specified criteria pursuant to Section 7(c)(iii).

Annual Award means a Stock Award granted to each Eligible Director pursuant to Section 8(c)(ii).

Annual Award means an award of Options pursuant to Section 5(b) of the Plan.

Annual Award means any annual award under the Cimpress N.V. Performance Incentive Plan or Performance Incentive Plan for Covered Employees, as the case may be (collectively, the “Performance Incentive Plan”).

Annual Award means yearly granting of both the Annual Option Award and the Annual Restricted Stock Award.

Annual Award means an annual incentive award granted under the CMSICP.

Annual Award means, for a Participant for a Fiscal Year, the product of the Participant's Minimum Annual Compensation for such Fiscal Year multiplied by the aggregate of: