Performance Compensation definition

Performance Compensation has the meaning ascribed to that term in Section 7 of Appendix II.

Performance Compensation means an Incentive Bonus, Restricted Stock, Restricted Stock Units or a Stock Award intended to qualify as “performance-based compensation” under Section 162(m) of the Code.

Performance Compensation means any amount earned by and payable to an Eligible Employee under all Performance Plans during any Plan Year thereof.

Examples of Performance Compensation in a sentence

• Unless otherwise provided in the applicable Award Agreement, a Participant must be employed by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period.

• However, designation of a Participant eligible to receive an Award hereunder for a Performance Period shall not in any manner entitle the Participant to receive payment in respect of any Performance Compensation Award for such Performance Period.

• Following the completion of a Performance Period, the Committee shall review and certify in writing whether, and to what extent, the Performance Goals for the Performance Period have been achieved and, if so, calculate and certify in writing that amount of the Performance Compensation Awards earned for the period based upon the Performance Formula.

• Under no circumstances will Temporary Performance Compensation be granted retroactively.

• Temporary Performance Compensation is to be effective only with the Director of Human Resources written approval, assignment of the greater level of duties, and signed acceptance by the employee.

More Definitions of Performance Compensation

Performance Compensation means Compensation the amount of which, or the entitlement to which, is contingent on the satisfaction of preestablished organizational or individual performance criteria relating to a performance period of at least twelve consecutive months, determined in accordance with Treasury Regulations section 1.409A-1(e) (or any successor provision).

Performance Compensation means any amount earned by and payable to an Eligible Employee under the Performance Plan in respect of any Plan Year thereof.

Performance Compensation means the cash amount payable to a Participant pursuant to this Plan; provided that the Committee may determine from time to time that all or a portion of amounts payable to a Participant or Participants pursuant to the Plan shall be made in the form of shares of the Company's common stock reserved for issuance under the Company's 2003 Equity Incentive Plan, as amended, or any successor plan that has been approved by the Company's shareholders.

Performance Compensation means the cash

Performance Compensation means the cash amount payable to a Participant pursuant to this Plan.

Performance Compensation means compensation the elective deferral of which must be elected on or before the deadline established by Code Section 409A(a)(4)(B)(iii) in order for such deferrals not to be included in gross income pursuant to Code Section 409A(a)(1).

Performance Compensation has the meaning set forth in Article 11 hereof.