Determining Award Value Clause Samples

The "Determining Award Value" clause establishes the method by which the value of an award, such as damages or compensation, is calculated in the context of a contract or dispute resolution. Typically, this clause outlines the criteria, formulas, or factors that must be considered when assessing the monetary worth of an award, such as actual losses, anticipated profits, or specific contractual benchmarks. By providing a clear framework for valuation, the clause ensures consistency and fairness in the determination process, reducing ambiguity and potential disputes over the amount to be awarded.
Determining Award Value. Award Year Beginning Award Value Ending Award Value 2022 (October 1, 2021 to September 30, 2022) October 1, 2021 closing AT&T stock price September 30, 2022 closing AT&T stock price 2023 (October 3, 2022 to September 29, 2023) October 3, 2022 closing AT&T stock price September 29, 2023 closing AT&T stock price 2024 (October 2, 2023 to September 30, 2024) October 2, 2023 closing AT&T stock price September 30, 2024 closing AT&T stock price 2025 (October 1, 2024 to September 30, 2025) October 1, 2024 closing AT&T stock price September 30, 2025 closing AT&T stock price The stock price used in establishing the award value will be the closing AT&T stock price on the New York Stock Exchange. The award value will be adjusted proportionally to reflect any stock split.
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Determining Award Value. Award Year Beginning Award Value Ending Award Value 2017 (October 3, 2016 to September 29, 2017) October 3, 2016 closing AT&T stock price September 29, 2017 closing AT&T stock price 2018 (October 2, 2017 to September 28, 2018) October 2, 2017 closing AT&T stock price September 28, 2018 closing AT&T stock price 2019 (October 1, 2018 to September 30, 2019) October 1, 2018 closing AT&T stock price September 30, 2019 closing AT&T stock price The stock price used in establishing the award value will be the closing AT&T stock price on the New York Stock Exchange. The award value will be adjusted proportionally to reflect any stock split.
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Determining Award Value. Award Year Beginning Award Value Ending Award Value 2018 (October 2, 2017 to September 28, 2018) October 2, 2017 closing AT&T stock price September 28, 2018 closing AT&T stock price The stock price used in establishing the award value will be the closing AT&T stock price on the New York Stock Exchange. The award value will be adjusted proportionally to reflect any stock split.
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Determining Award Value. Award Year Beginning Award Value Ending Award Value 2013 (October 1, 2012 to September 30, 2013) October 1, 2012 closing AT&T stock price September 30, 2013 closing AT&T stock price 2014 (October 1, 2013 to September 30, 2014) October 1, 2013 closing AT&T stock price September 30, 2014 closing AT&T stock price 2015 (October 1, 2014 to September 30, 2015) October 1, 2014 closing Frontier stock price September 30, 2015 closing Frontier stock price 2016 (October 1, 2015 to September 30, 2016) October 1, 2015 closing Frontier stock price September 30, 2016 closing Frontier stock price 2017 (October 3, 2016 to September 29, 2017 October 3, 2016 closing Frontier stock price September 29, 2017 closing Frontier stock price 2018 (October 2, 2017 to September 28, 2018 October 2, 2017 closing Frontier stock price September 28, 2018 closing Frontier stock price The stock price used in establishing the award value will be the closing AT&T stock price on the New York Stock Exchange. Effective with the 2015 plan year, the stock price used in establishing the award value will be the closing Frontier stock price on NASDAQ. The award value will be adjusted proportionally to reflect any stock split.
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Related to Determining Award Value

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.