Payment of Award definition

Payment of Award. With respect to the Performance Period, the Committee shall certify the level of achievement of the Performance Objective set forth in Section 4 and determine the amount payable with respect to your Award based on such level of achievement. Payment of the Award shall be made to the Participant in cash in a single lump sum on the Normal Vesting Date determined by multiplying the applicable percentage for the level of performance certified by the Compensation Committee times the Participant’s Target Performance-Based Cash Award.
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Payment of Award. With respect to the Performance Period, the Committee shall certify the level of achievement of the Performance Objectives and determine the amount payable with respect to an Award based on the level of achievement of the Performance Objectives set forth in Section 4. Payment of the Award shall be made to the Participant in the form of a number of shares of Company common stock determined by multiplying the applicable performance percentage from the schedule in Section 4(a) times the Participant’s total number of Average XXX Award Shares. Any Average XXX Award Shares that do not vest as of the Normal Vesting Date will be forfeited.
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Payment of Award. ECP Awards are paid / exercisable following the ECP Vesting Date (as defined in Section 3 of the ECP Terms and Conditions). Any RSUs are settled within 60 days of the Vesting Date. Participant Election(s): ECP Award Type Percentage of ECP Award ECP Award Value USD ECP Award Amount PRSU [] % $[] Matched PRSU: [] PRSU is assigned an adjustment factor of []% SSAR SSARs: 0 Number of SSARs granted is based on 5 times the elected SSAR award value divided by the Fair Market Value* of a Share on the Grant Date. RSU [] % $[] RSUs: [] * Each as defined in, and subject to, the attached ECP Terms and Conditions and the terms of the Plan. Each ECP Award type elected represents a separate grant under the Plan. BY ELECTRONICALLY ACCEPTING THIS ECP AWARD, PARTICIPANT AGREES TO BE BOUND BY THE PROVISIONS OF THE PLAN, THIS ECP AWARD AGREEMENT AND THE ECP TERMS AND CONDITIONS. THE PARTICIPANT HAS REVIEWED THE PLAN, THE ECP AWARD AGREEMENT AND THE ECP TERMS AND CONDITIONS IN THEIR ENTIRETY, HAS HAD AN OPPORTUNITY TO OBTAIN THE ADVICE OF COUNSEL PRIOR TO ACCEPTING THE ECP AWARD AND FULLY UNDERSTANDS ALL OF THE PROVISIONS OF THE PLAN, THIS ECP AWARD AGREEMENT AND THE ECP TERMS AND CONDITIONS. THE PARTICIPANT HAS BEEN PROVIDED WITH A COPY OR ELECTRONIC ACCESS TO A COPY OF THE U.S. PROSPECTUS FOR THE PLAN AND THE TAX SUPPLEMENT TO THE U.S. PROSPECTUS FOR PARTICIPANT'S COUNTRY OF EMPLOYMENT. PARTICIPANT XXXXXX AGREES TO ACCEPT AS BINDING, CONCLUSIVE AND FINAL ALL DECISIONS OR INTERPRETATIONS OF THE COMMITTEE UPON ANY QUESTIONS ARISING UNDER THE PLAN, THE ECP AWARD AGREEMENT AND THE ECP TERMS AND CONDITIONS. ACCEPTED ON: . INTERNATIONAL FLAVORS & FRAGRANCES INC. EQUITY CHOICE PROGRAM AWARD AGREEMENT TERMS AND CONDITIONS (the "ECP TERMS AND CONDITIONS") These ECP Terms and Conditions, including the relevant addendum, are a part of each International Flavors & Fragrances Inc. (the "Company") ECP Award Agreement made under the Plan, which is hereby incorporated by reference. Capitalized terms not defined herein shall have the meanings ascribed to them in the Plan. In the event of any conflict between the provisions of these ECP Terms and Conditions and the Plan, the provisions of the Plan shall govern.
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Examples of Payment of Award in a sentence

  • When an insurer receives a request for a lump sum payment from the worker or the worker’s attorney, the insurer must send Form 1174, "Application for Approval of Lump-sum Payment of Award," to the requestor within 10 business days.(3) Reopening of claims.For the purpose of this rule, each opening of the claim is considered a separate claim and any subsequent permanent partial disability award from a claim reopening is a new and separate award.

  • There will be no interim or advance billing of award fee prior to a final determination by the FDO.(11) Amount Available for Payment of Award Fee and Amount Earned 1JHSV -TBD2MLP -TBD3TBDTBD4TBDTBD5TBDTBDThe following table summarizes the amount available by award fee period and the amount earned by period.

  • B-14 8.5 Limitation on Right to Payment of Award............................

  • Payment of Award Payment will be made as soon as practicable following the end of the Measurement Period, and in any event, no later than 2 ½ months after the end of the Measurement Period.

  • Prescriber must verify member has been counseled on avoiding foods that contain a large amount of tyramine while taking safinamide; and7.

  • Payment of Award Pursuant to the terms of the arbitration agreement, the Plan Trust will promptly send to the claimant the appropriate Release.

  • Rule 513.8C Payment of Award pending Appeal (a) Where an appellant is appealing against an Award whereby he is required to make payment to the respondent, the appellant shall within seven (7) calendar days from the date of filing of the notice of appeal, deposit into the Exchange, the full amount due and owing to the respondent pursuant to the terms and conditions of the Award.

  • Any modification to the performance goals shall be approved by the Committee and the Board no later than the first ninety (90) days of the Performance Period in which the modification is to take effect.4.3 Eligibility for, Timing and Form of Payment of Award.

  • The claimant’s attorney then filed a Motion to Enforce Payment of Award in which he requested that Respondent No. 1 be responsible for payment of the claimant’s one-half (½) of the attorney’s fee owed on the claimant’s additional award of benefits.In an Order filed June 8, 2016, the administrative law judge ordered Respondent No. 1 to pay the claimant’s one-half (½) of the attorney’s fee associated with the claimant’s award of additional benefits.

  • Claims for Payment of Award Entitlements Ins cl P46/89 21/12/89 70 WAIG 338 19B.


More Definitions of Payment of Award

Payment of Award. Any bonus will be paid in February 2003, less applicable taxes.
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Payment of Award. The vested portion of a Participant’s Deferred Cash Award shall be paid to the Participant in cash on the Payment Date following each applicable Vesting Date, subject to all U.S. federal, state, local, and other taxes required by law to be withheld with respect to such payments.
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Related to Payment of Award

  • Notification of Award means the official notice issued by the Employer notifying the Contractor that his bid has been accepted.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Cash Award means an award denominated in cash.

  • Notice of Award means formal notice of award of the Contract to the Contractor issued by the Contracting Officer.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Award Letter means the letter from the Customer to the Supplier printed above these terms and conditions;

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

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Letter of Award means the official notice issued by the UGVCL notifying the contractor that his bid has been accepted.

  • Letter of Award (LOA) means the written official intimation by OMC notifying the Selected Bidder that the work has been awarded in its favour as per the terms and conditions mentioned therein;

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • PSU means Public Sector Undertaking

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.