LongTerm Performance Award

Example Definitions of "LongTerm Performance Award"
LongTerm Performance Award. Means an award under Section 11 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.
Found in SUN MICROSYSTEMS, INC. contract
LongTerm Performance Award. Means an award under Section 11 9 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) Administrator) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Long-term Performance Awards will be based upon the achievement of -2- 3 Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee Administrator may deem appropriate.
Found in SNAP APPLIANCES INC contract
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LongTerm Performance Award. Means an award made pursuant to Section 7 below that is payable in cash and/or Stock in accordance with the terms of the grant, based on Company, business unit and/or individual performance over a period of at least one year.
Found in IONICS INC contract
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