Common use of Award Value Clause in Contracts

Award Value. Participant’s Award hereunder shall be valued based on the Participant’s “award percentage” multiplied by the PT Bonus Pool. For purposes of this Agreement, the Participant’s “award percentage” is equal to [_]%.

Appears in 2 contracts

Sources: Ltip Award Agreement (Tenneco Inc), Ltip Award Agreement (Tenneco Inc)

Award Value. Participant’s Performance Award hereunder shall be valued based on the Participant’s “award percentage” multiplied by the PT Bonus Pool. For purposes of this Agreement, the Participant’s “award percentage” is equal to [_[ ]%.

Appears in 1 contract

Sources: Performance Award Agreement (Viskase Companies Inc)