Section 162 Award Definitions from Business Contracts | Business Dictionary

Section 162 Award. Means a grant of Options, Restricted Stock, Performance Units or Restricted Units meeting the requirements of Code Section 162(m).

Found in Tenet Healthcare Corp contract

Section 162 Award. Means any Award that is intended to qualify for the performance-based compensation exemption to the application of the $1 million deduction limit under Section 162(m).

Found in GRAFTECH INC contract

Section 162 Award. Means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for "performance-based compensation" within the meaning of Section 162(m).

Found in LSB Industries, Inc. contract

Section 162 Award. Means any award under the Plan that is intended to qualify for the "performance-based" compensation exception under Section 162(m) of the Code and the treasury regulations and other official guidance promulgated thereunder.

Found in SeaBright Holdings, Inc. contract

Section 162 Award. Shall mean any Award under the Plan that is intended to qualify for the "performance-based compensation" exception under Section 162(m).

Found in TAMINCO Corp contract