Payout Formula

Example Definitions of "Payout Formula"
Payout Formula. Means, as to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 7 in order to determine the Awards (if any) to be paid to Participants, which is generally expressed as a percentage (which may be more than 100%) of the Target Award. The formula or matrix may differ from Participant to Participant.
Found in Adobe contract
Payout Formula. Means, as As to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 7 in order to determine the Awards (if any) to be paid to Participants, which is generally expressed as a percentage (which may be more than 100%) of the Target Award. Participants. The formula or matrix may differ from Participant to Participant.
Found in Apple contract
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Payout Formula. Means as to any Performance Period, the formula, payout matrix or objectives established by the Committee pursuant to Section 7 in order to determine the Awards (if any) to be paid to Participants. The formula, matrix or objectives may differ from Participant to Participant.
Found in PC TEL INC contract
Payout Formula. The method established by the Committee for determining the amount earned, if any, under an Eligible Executive's Award Opportunity for a Performance Period, which shall be determined as the product of the Eligible Executive's Target Award times the applicable Payout Percentage based on the level of achievement of FCF Margin for the Performance Period. The Payout Formula shall specify (i) the Threshold FCF Margin, (ii) the Maximum FCF Margin, and (iii) the applicable Payout Percentages (or the... method for determining the applicable Payout Percentages) for any level of FCF Margin achievement between Threshold FCF Margin and Maximum FCF Margin View More
Found in Parker-Hannifin contract
Payout Formula. The number of the Eligible Executive's RONA Shares times the product of the Eligible Executive's Base Salary multiplied by the RONA Percentage
Found in Parker-Hannifin contract
Payout Formula. As to any Performance Period, the formula or payout matrix established by the Committee pursuant to Section 5 in order to determine the Incentive Awards (if any) to be paid to Participants. The Payout Formula may be (but is not required to be) expressed as a percentage (which may be more than 100%) of the Target Award. The Payout Formula may differ from Participant to Participant and, with respect to any one Participant in a given Performance Period, there may be a different Payout Formula for... his or her Maximum Award payable in cash than the Payout Formula for his or her Maximum Award payable in shares View More
Found in Callaway Golf Company contract
Payout Formula. Means the formula established by the Committee for determining Award Opportunities for a Performance Period based on the level of achievement of the Performance Objectives for the Performance Period.
Found in Hillenbrand, Inc. contract
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