Award Target definition

Award Target means, with respect to each Participant for an Award Period, a percentage of such Participant’s total target long-term incentive value calculated at the beginning of the Award Period and expressed as a number of Performance Shares and/or Phantom Stock Units. One-third of the Award Target will apply to each of the Performance Periods in an Award Period.
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Award Target means an amount equal to the LTIP Reference Percentage multiplied by a participant's base salary at the beginning of the relevant Performance Period.
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Award Target means, with respect to each Participant for an Award Period, a percentage of such Participant’s total target long-term incentive value calculated at the
Sample 1

Examples of Award Target in a sentence

  • For the duration of Phase 1, each Award Target entitles eligible participants to shares, as determined in the Invitation, subject to the satisfaction of the Performance Hurdles and Vesting conditions determined by the Board in its discretion.

  • The size of each individual Award Target or Right grant will be determined by the Board and will comply with the relevant ASX Listing Rules.

  • Shares allocated on vesting of an Award Target or Right will be subject to restriction on sale or disposal during any relevant Restriction Period, determined by the Board.

  • The nature of the conflict requires restraint in the use of force.

  • A Participant may only exercise an Award Target or Right on or after a date determined by the Board on completion of the applicable Performance Hurdle being satisfied, or any earlier date on which the Participant becomes entitled to exercise the Award Target or Right following death or other cessation of employment, or as a result of a takeover or scheme of arrangement.

  • The Award Target Price will be calculated based on the 10 days VWAP leading up to and including the relevant vesting date The following table summarises the above terms: Remuneration Policy of Key Management PersonnelThe objective of the Company’s executive reward framework is set to attract and retain the most qualified and experienced Directors and senior executives.

  • Performance Award Target performance for the full year (April – March) to be as follows: Target performance for H1 = (90% of Annual TFC)Target performance for H2 = (90% of Annual revised TFC) Target performance for full year= Average of Target pay H1+H2.

  • Andrade John DoucetteCraig HowieSanjoy Mukherjee Out %Target Actual14 Earn Target MultiplierTarget Award Target Award Target Award Target AwardN/A 1,825 925 1,140 Earned PSU Earned PSU Earned PSU Earned PSU 2018 Period 11% 2.3% 16.7% 0% 0 0 02019 Period 12.2% 10.3% 16.7% 79.6% 243 123 1522020 Period 11.1% 8.4% 16.7% 71.1% 217 110 136OPERATING ROE2019 PSU GrantJuan C.

  • Wallace, CFO Award Opportunities:(1) Threshold Award Target Award (1) In each case, expressed as a percentage of the respective annual base salaries of Messrs.

  • Name Annual Salary (1) Target Cash Award Target Equity Award (1) Reflects annual base salary as of April 1, 2015.


More Definitions of Award Target

Award Target means the percentage set forth in Section 4.01 with respect to each Participant.
Sample 1
Award Target means the maximum amount which may be paid to a Participant hereunder for any given Performance Period upon satisfaction of performance objectives as established by the Committee.
Sample 1
Award Target means a Participant’s base salary multiplied by the target award percentage.
Sample 1

Related to Award Target

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • 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 Criteria means the award criteria to be applied for the direct award of Call Off Agreements for Goods and/or Services set out in Part A of Framework Schedule 6 (Award Criteria); Dispute means any dispute, difference or question of interpretation arising out of or in connection with this Framework Agreement, including any dispute, difference or question of interpretation relating to the Goods and/or Services, failure to agree in accordance with the procedure for variations in Clause 16.1(Variation Procedure) or any matter where this Framework Agreement directs the Parties to resolve an issue by reference to the Dispute Resolution Procedure;

  • 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.

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

  • 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 Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • 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 Unit Award means an award of Performance Units under this Plan.

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

  • 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.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • 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.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

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

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies: