Basic Award definition

Basic Award means that monetary value set forth in the LTIPA that could form the basis of the Award that may be achieved upon full attainment of the Target Goal.
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Basic Award means the Annual Bonus that the Board determines that would have been paid to an Eligible Employee in respect of a Base Year, in respect of annual bonus arrangements, operated by a Participating Company if the Eligible Employee had not expressed a preference to participate under this Program.
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Basic Award means the percentage of a Participant's base salary, not exceeding 50%, determined by the Human Resources Committee pursuant to Section 3.
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Examples of Basic Award in a sentence

  • The Adjusted Basic Award is the percent of the Target Goal achieved (at 50% or higher) multiplied by the Basic Award, not to exceed 100% of the Basic Award.

  • At an achievement level of 49.99%, the Adjusted Basic Award is 0% of the Basic Award.

  • The Committee shall in its sole discretion determine the status of achievement of a particular Target Goal and shall specify an Adjusted Basic Award based upon its determination of achievement of the performance goals under the Awards as of the Change in Control (“Change in Control Award”).

  • The Adjusted Basic Award shall be determined based on the EVA Unit’s and the Participant’s achievement of the Target Goal.

  • Any attempt by the Participant to sell, transfer, pledge, assign or otherwise dispose of such Shares or any interest therein shall result in the immediate forfeiture of the Shares comprised in the Basic Award.

  • If the performance target has been satisfied, the Basic Award together with the Matching Award shall be released automatically.

  • Each cycle the Company shall establish a Basic Award Percentage (pool portion) for each participant in the Plan.

  • During the Restricted Period, the Participant shall not sell, transfer, pledge, assign or otherwise dispose of all or any Shares comprised in the Basic Award.

  • Following the notification of the amount of any Bonus payable under a Plan, each Participant may be invited by the Committee to elect to receive up to 50% of the cash amount of Bonus (after deduction of income tax at the Participant's marginal rate and employees' national insurance contributions, if payable or, in relation to non-UK resident Participants, any applicable personal taxation) as a Basic Award.

  • A Participant may elect, within 30 days of such notification for the Basic Award to be released to him.


More Definitions of Basic Award

Basic Award means the "Basic Award" set forth in Section 6 herein.
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Related to Basic Award

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • 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.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

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

  • 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).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

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

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Deferred Share Unit or “DSU” 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 7;

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.