Covered Award

Example Definitions of "Covered Award"
Covered Award. An Award (i) that will be paid to a Covered Employee, (ii) that the Committee expressly designates as performance-based compensation and intends to be fully deductible under Code Section 162(m), and (iii) that will be paid following the disclosure and shareholder approval required by Code Section 162(m)(4)(C)(ii).
All Definitions