Example ContractsClausesCash Award
Cash Award
Cash Award contract clause examples

Cash Award. An Award may be in the form of a Cash Award. The terms, conditions and limitations applicable to any Cash Awards granted pursuant to this Plan shall be determined by the Committee.

Cash Award. Each Cash Award shall contain provisions regarding # the target and maximum amount payable to the Participant as a Cash Award, # the performance criteria and level of achievement versus these criteria which shall determine the amount of such payment, # the period as to which performance shall be measured for establishing the amount of any payment, # the timing of any payment earned by virtue of performance, # restrictions on the alienation or transfer of the Cash Award prior to actual payment, # forfeiture provisions, and # such further terms and conditions, in each case not inconsistent with the Plan, as may be determined from time to time by the Administrator. The maximum amount payable as a Cash Award may be a multiple of the target amount payable, but the maximum amount payable pursuant to that portion of a Cash Award granted under this Plan for any fiscal year to any Participant that is intended to satisfy the requirements for “performance based compensation” under Section 162(m) of the Code shall not exceed U.S. $1,000,000.

Cash Award. Each Cash Award shall contain provisions regarding # the target and maximum amount payable to the Participant as a Cash Award, # the performance criteria and level of achievement versus these criteria which shall determine the amount of such payment, # the period as to which performance shall be measured for establishing the amount of any payment, # the timing of any payment earned by virtue of performance, # restrictions on the alienation or transfer of the Cash Award prior to actual payment, # forfeiture provisions, and # such further terms and conditions, in each case not inconsistent with the Plan, as may be determined from time to time by the Administrator. The maximum amount payable as a Cash Award may be a multiple of the target amount payable, but the maximum amount payable pursuant to that portion of a Cash Award granted under this Plan for any fiscal year to any Participant that is intended to satisfy the requirements for “performance based compensation” under Section 162(m) of the Code shall not exceed U.S. $1,000,000.

Cash Award. Each Cash Award shall contain provisions regarding # the target and maximum amount payable to the Participant as a Cash Award, # the performance criteria and level of achievement versus these criteria which shall

Cash Award. Each Cash Award shall contain provisions regarding # the target and maximum amount payable to the Participant as a Cash Award, # the performance criteria and level of achievement versus these criteria which shall determine the amount of such payment, # the period as to which performance shall be measured for establishing the amount of any payment, # the timing of any payment earned by virtue of performance, # restrictions on the alienation or transfer of the Cash Award prior to actual payment, # forfeiture provisions, and # such further terms and conditions, in each case not inconsistent with the Plan, as may be determined from time to time by the Administrator. The maximum amount payable as a Cash Award may be a multiple of the target amount payable, but the maximum amount payable pursuant to that portion of a Cash Award granted under this Plan for any fiscal year to any Participant that is intended to satisfy the requirements for “performance based compensation” under Section 162(m) of the Code shall not exceed U.S. $1,000,000.

IPO Cash Award. The Employee’s unpaid portion of the cash award pursuant to the IPO Cash Award Agreement with the Company dated June 16, 2020 shall remain outstanding and shall vest on the earlier of: # the applicable vesting dates as though the Employee had remained employed through such applicable vesting dates; or # the commencement of the Consulting Period.

shall mean an Award that entitles the Participant to receive a cash-denominated payment.

Special Cash Award. Within 30 days of the date of this Amendment, the Company shall pay to [[Person A:Person]] a special cash award in the amount of $1,000,000.

The cash award for DCP’s Vice President and CFO is subject to the “Dental Care Plus and [[Company:Organization]] Deferred Compensation Plan”. A cash bonus is awarded in an amount equal to five percent (5%) of base salary and is considered “Long Term” as it vests incrementally over four years, 10% on December 31 of the first year, 20% at the end of the second year, 30% at the end of the third year and 40% at the end of the fourth year. There are no performance targets other than longevity with the Company.

The Long Term Incentive (LTI) is a bonus designed to motivate the CFO to achieve long term success for the Company, as well as assist in the retention of the Vice President and CFO over time. LTI bonus compensation is based on achieving sustainable growth in shareholder value over a period of three years, January 1, 2018 through December 31, 2020 and is measured by the average yearly increase in the “Adjusted Share Value” (ASV) of a Common Share.

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